Home | San Luis Obispo County | San Luis Obispo | 93401 | 1143 Walnut St
MLS: CRSC25180078 | Status: PendingDoNotShow | Price: $1,095,000
Beds/Baths: 5 / 3
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 5 | 3 | 1,953 | 7,500 | 1925 |
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!
| Field | Value |
|---|---|
| MLS # | CRSC25180078 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Appliances | Other, Oven - Gas, Oven Range - Gas, Refrigerator |
| Family Room | Other |
| Fireplace | None |
| Laundry | Other |
| Cooling | Ceiling Fan, None |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: 2 Car(s) |
| Elementary District | San Luis Coastal Unified |
| High School District | San Luis Coastal Unified |
| HOA Fee | $0 |
| Zoning | R2 |
Jennifer Hamilton
Farrell Smyth Real Estate
License #: 01800791
Phone: (805) 543-2172
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| San Luis Obispo High School | public | 9-12 | 0.66 mi | 10 |
| Peep - De'Groot - Prepare School | public | KG,1,2,3,4,5,6,7,8,9,10,11,12,AE | 0.77 mi | N/A |
| San Luis Coastal Usd Adult | public | UG | 0.77 mi | N/A |
| Teach Elementary School | public | 4-6 | 0.79 mi | 9 |
| Pacheco Elementary School | public | K-6 | 1.03 mi | 7 |
| Hawthorne Elementary School | public | K-6 | 1.08 mi | 6 |
| Bishop's Peak Elementary School | public | K-6 | 1.53 mi | 8 |
| Sinsheimer Elementary School | public | K-6 | 1.55 mi | 7 |
| Smith (C. L.) Elementary School | public | K-6 | 2.30 mi | 7 |
| Laguna Middle School | public | 7-8 | 2.51 mi | 9 |
| Pacific Beach High School | public | 10-12 | 2.67 mi | 1 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 780 Haystack Place | $925,000 | 3 | 2/1 | 1,558 | Active |
| 191 Del Sur Way | $1,100,000 | 3 | 1 | 1,000 | Contingent |
| 171 Buena Vista Avenue | $975,000 | 4 | 2 | 1,552 | Active |
| 3016 Arezzo Dr | $1,175,000 | 3 | 2/1 | 1,567 | Active |
| 307 Del Mar Ct | $1,050,000 | 3 | 2 | 1,202 | Contingent |
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This listing information is up-to-date as of April 01, 2026. For the most current information, please contact Jennifer Hamilton, (805) 543-2172.