$1,095,000

1143 Walnut Street, San Luis Obispo, CA 93401

  • 5 beds |
  • 3 baths |
  • 1,953 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon7,501sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $561/sqft
  • Property List Date Icon Listed 8 months ago

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!

Listing Status:
Pending
Date Added:
August 15, 2025
Data Last Updated:
April 30, 2026 at 7:06PM
Listing Office:
Farrell Smyth Real Estate : 805-543-2172
Listing Agent:
Jennifer Hamilton : 805-543-2172
MLS ID:
CRSC25180078
  • General: Family Room
  • Appliances: Gas RangeRefrigerator
  • Laundry: Inside
  • Flooring: VinylCarpet
  • A/C: Ceiling Fan(s)None
  • Heating: Central
  • Fireplace: None
  • Disability Feature: None
  • General: Front YardOther
  • Pool: None
  • Parking: Parking spaces: 2
  • General: 2
  • HOA Amenities: 0.0
  • School District: San Luis Coastal Unified
  • County: San Luis Obispo
  • Zoning: R2002315006
  • View: None
  • Utilities: Cable AvailableNatural Gas Connected

This listing courtesy of Jennifer Hamilton , Farrell Smyth Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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