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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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879 Walnut Street, San Luis Obispo – $448,000

  • $448k Price
  • .14 Acres
  • 137 DOM
  • $448k Price
  • .14 Acres
  • 137 DOM

879 Walnut Street

Look at this 6,000 sqft R4 lot priced to SELL! Amazing development opportunity in one of the best cities on the California Central Coast! Flat, accessible land zoned R4 right in the Downtown San Luis Obispo neighborhood. Per the city, density allows for 8 units - potentially more with allowances. In Downtown SLO yet still close to Cal Poly, this location has a Walk Score of 90 out of 100. It's a Walker’s Paradise so daily errands do not require a car. Bike score is a very bike-able 75. Nearby parks include Mission Plaza, Santa Rosa Park and Mitchell Park. San Luis Obispo has an average Walk Score of 56 and has 45,119 residents. Downtown is absolutely bustling with activity. There are coffee shops, restaurants, tons of retail and commercial, rooftop bars, underground breweries, museums, historic landmarks including Mission San Luis Obispo de Tolosa est. 1772 in Mission Plaza. There are cultural events, not to mention Thursday Farmers Market, and Bubblegum Alley. You can be at Morro Bay or Pismo Beach in ten minutes or get right on the 101 and go wherever you need to go. Whether building for students or busy professionals, this site is perfect for your next project. The City of San Luis Obispo recognizes the need for housing and is excited to work with you. There may be Housing Finance Agencies (HFAs) offering additional credits or soft funding.

Essential Information

  • MLS® #AR25253291
  • Price$448,000
  • Bathrooms0.00
  • Acres0.14
  • TypeLand
  • StatusActive

Community Information

  • Address879 Walnut Street
  • AreaSLO - San Luis Obispo
  • SubdivisionSan Luis Obispo(380)
  • CitySan Luis Obispo
  • CountySan Luis Obispo
  • Zip Code93401

Amenities

  • ViewNone

Exterior

Lot Description

Near Park, Rectangular Lot, Level, Paved, Street Level, Value In Land

Additional Information

  • Date ListedNovember 3rd, 2025
  • Days on Market137
  • ZoningR4

Listing Details

  • AgentAndrew Loeffler
  • OfficeRe/Max Premier Prop SanMarino
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Price Change History for 879 Walnut Street, San Luis Obispo, (MLS® #AR25253291)

Date Details Change
Price Reduced from $548,000 to $448,000 $100,000 (18.25%)

Andrew Loeffler, Re/Max Premier Prop SanMarino.

Based on information from California Regional Multiple Listing Service, Inc. as of March 20th, 2026 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.