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879 Walnut St

San Luis Obispo, CA 93401

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$548,000

0.14 acre

879 Walnut St

San Luis Obispo, CA 93401

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Listed On: 11/03/2025
Status: Active
Listing Number: AR25253291 (CRMLS)

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Contact Info


Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Andrew Loeffler, Re/Max Premier Prop SanMarino

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.
Special Listing Conditions
Standard
Price Per Square Foot
$91
Days On Market
43
Cumulative Days On Market
266
County Or Parish
San Luis Obispo
New Construction Y/N
No
Directions
Between Santa Rosa Street and Chorro Street
Water Source
See Remarks
Lot Features
Level with Street, Rectangular Lot, Level, Park Nearby, Paved, Value In Land
Lot Size Area
6000.0000
Lot Size Units
Square Feet
Elevation Units
Feet
View Y/N
No
View
None
Common Interest
None
Parcel Number
002297046
Additional Parcels Y/N
No
Zoning
R4
Neighborhood
Downtown SLO
Subdivision Name
San Luis Obispo(380)
Subdivision Name Other
San Luis Obispo(380)
Community Features
Biking, Curbs, Foothills, Hiking, Horse Trails, Sidewalks
Senior Community Y/N
No
Association Y/N
No
Land Lease Y/N
No
Tax Block
69
Tax Census Tract
111.01
Tax Lot
3

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. 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 consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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