Homes for sale - 1143 Walnut Street, San Luis Obispo, CA 93401

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Marissa Buss & Danny Lampert

marissabussre@gmail.com +1(818) 515-7131

Listed by Jennifer Hamilton • Farrell Smyth Real Estate

$ 1,295,000

Est. payment | -/mo

5 Beds

3 Baths

1,953 SqFt

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$ 1,295,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

1,953 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,953 sqft

Price per Sqft $663

MLS Listing ID SC-25180078

Bedrooms 5

Full Baths 3

Year Built 1925

Lot Size 7,500 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

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling None

Flooring Vinyl, Carpet

Fireplaces Type None

Laundry Inside

Exterior

Parking Features Concrete, Driveway

Garage Spaces 2.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N No

View None

Building

Lot Description Front Yard, Sloped Down, Yard

Sewer Public Sewer

Others

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Marissa Buss & Danny Lampert

Lic# 01770909 | 01834114

marissabussre@gmail.com

+1(818) 515-7131

2475 Townsgate Rd Ste. 160, Westlake Village, CA, 91361

1143 Walnut Street San Luis Obispo, CA 93401

Marissa Buss & Danny Lampert

Key Details

Location

Interior

Exterior

Building

Others

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1143 Walnut Street