$915,000
$1,095,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
1143 Walnut ST San Luis Obispo, CA 93401
5 Beds
3 Baths
1,953 SqFt
Key Details
Sold Price $915,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,953 sqft
Price per Sqft $468
MLS Listing ID SC25180078
Sold Date 05/01/26
Bedrooms 5
Full Baths 3
Construction Status Fixer
HOA Y/N No
Year Built 1925
Lot Size 7,501 Sqft
Property Sub-Type Single Family Residence
Property Description
Investment Opportunity in Prime San Luis Obispo Location – R2 Lot with Expansion Potential! Unlock the possibilities with this centrally located property just minutes from downtown San Luis Obispo and convenient freeway access. Situated on an R2-zoned lot, this unique investment opportunity features a spacious 4-bedroom, 2-bathroom main house built in 1925, plus a detached 1-bedroom, 1-bathroom ADU built in 1938 - ideal for rental income, multi-generational living, or future development.
Both units are currently rented, providing immediate cash flow for investors. The property offers flexible living arrangements and strong rental potential, with ample space to reconfigure, upgrade, or expand. Whether you're looking to add units, renovate, or build out, the R2 zoning opens doors for creative growth (buyer to verify all plans and zoning with the city).
Enjoy the benefits of a downtown neighborhood near shops, restaurants, parks, and public transit. With income already in place and zoning that supports future development, this property is a smart addition to any portfolio. Explore the upside potential and make your move in one of SLO's most desirable investment corridors.
Don't miss out—schedule a viewing and explore the potential today!
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R2
Rooms
Main Level Bedrooms 3
Interior
Interior Features Ceiling Fan(s), Utility Room
Heating Central
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Refrigerator
Laundry Inside
Exterior
Parking Features Concrete, Driveway
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Accessibility None
Porch Front Porch, Wood
Total Parking Spaces 2
Private Pool No
Building
Lot Description Sloped Down, Front Yard, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Fixer
Schools
School District San Luis Coastal Unified
Others
Senior Community No
Tax ID 002315006
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Courtney Riddle Compass
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