$ 1,295,000
-
$1,295,000
Price -
5
Bed -
3
Bath -
1,953
SqFt
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About the Listing SL44 - SL0600051
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 Highlights for 1143 Walnut St
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Gas Oven, Gas Range, Refrigerator
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: 0
- Basement:
- Other: Ceiling Fan(s),Utility Room
- Water: Public
Exterior Details
- Lot Description: Sloped Down,Front Yard,Yard,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: R2
- Roof:
- Others: Fixer,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Concrete,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 002315006
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1143 Walnut St San Luis Obispo, CA 93401
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