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$915,000
$1,095,000 16.4%
Est. payment /mo
5 Beds
3 Baths
1,953 SqFt
Sold on 05/01/2026
1143 Walnut Street San Luis Obispo, CA 93401
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Key Details
Sold Price $915,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,953 sqft
Price per Sqft $468
MLS Listing ID SC25180078
Bedrooms 5
Full Baths 3
Year Built 1925
Lot Size 7,500 Sqft
Property Sub-Type Detached
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 SLOs most desirable investment corridors. Dont miss outschedule a viewing and explore the potential today!
Location
State CA
County San Luis Obispo
Zoning R2
Interior
Heating Forced Air Unit
Flooring Carpet, Linoleum/Vinyl
Exterior
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
Building
Story 2
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
Listed by Jennifer Hamilton, DRE#01800791 Farrell Smyth Real Estate
Bought with Courtney Riddle Compass
Bought with Courtney Riddle Compass
NEARBY SCHOOL & BUSINESS
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