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1143 Walnut St
For Sale $1,095,000 ($560.68 per Sq Ft)
$1,095,000 ($560.68 per Sq Ft)
- 5 Bedrooms
- 3 Bathrooms
- 1,953 Sq Ft
- 7,500 Sq Ft
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!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,095,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,953 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 002315006 |
| MLS # | SC25180078 |
| Property ID | 322084539 |
| Lot Sqft | 7,500 |
| Zoning | R2 |
| Total Units | 2 |
| Days on Market | 211 |
| Original List Price | $1,295,000 |
| Applicances | Gas Oven,Gas Range,Refrigerator% |
| Date Updated | February 05, 2026 |
| Date Created | August 08, 2025 |
Listing Provided By
Jennifer Hamilton an agent of . Lic #01800791
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 05, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT