- 5 Beds
- 3 Baths
- 1,953 Sqft
- .17 Acres
1143 Walnut Street
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!
Essential Information
- MLS® #SC25180078
- Price$1,095,000
- Bedrooms5
- Bathrooms3.00
- Full Baths3
- Square Footage1,953
- Acres0.17
- Year Built1925
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive
Community Information
- Address1143 Walnut Street
- AreaSLO - San Luis Obispo
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Amenities
- Parking Spaces2
- ParkingConcrete, Driveway
- # of Garages2
- GaragesConcrete, Driveway
- ViewNone
- PoolNone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Phone Available
Interior
- InteriorCarpet, Vinyl
- Interior FeaturesCeiling Fan(s), Utility Room
- HeatingCentral
- CoolingNone
- FireplacesNone
- # of Stories2
- StoriesTwo
Appliances
Gas Range, Gas Oven, Refrigerator
Exterior
- Lot DescriptionFront Yard, Sloped Down, Yard
School Information
- DistrictSan Luis Coastal Unified
Additional Information
- Date ListedAugust 8th, 2025
- Days on Market141
- ZoningR2
Listing Details
- AgentJennifer Hamilton
- OfficeFarrell Smyth Real Estate
Price Change History for 1143 Walnut Street, San Luis Obispo, (MLS® #SC25180078)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,295,000 to $1,095,000 |
Jennifer Hamilton, Farrell Smyth Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of March 21st, 2026 at 11:57am 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.