London Properties San Luis Obispo Real Estate

1143 Walnut St

San Luis Obispo, CA 93401

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$1,095,000

5 bd

3 ba

1,953 sq ft

0.17 acre

1143 Walnut St

San Luis Obispo, CA 93401

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Listed On: 08/15/2025

Status: Active

Listing Number: SC25180078 (CRMLS)

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Advertising Agent:

London Properties, Ltd. 559.436.4071 Email Agent

Property Description

Listing Agent: Jennifer Hamilton, Farrell Smyth Real Estate

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!

Property Sub Type

Single Family Residence

Structure Type

House

Year Built

1925

Year Built Source

Public Records

Special Listing Conditions

Standard, Trust

Stories Total

Levels

Two

Number Of Units Total

Entry Level

Price Per Square Foot

$561

Days On London

116

Cumulative Days On London

116

County Or Parish

San Luis Obispo

New Construction Y/N

Property Attached Y/N

Cooling Y/N

Heating Y/N

Yes

Directions

from Santa Rosa Street, home is on the right

Disclosures

Accessory Dwelling Unit

Room Type

Family Room, Utility Room

Heating

Central

Cooling

None

Laundry Y/N

Yes

Laundry Features

Inside

Property Condition

Fixer

Main Level Bedrooms

Bathrooms Full

Bathrooms Full And Three Quarter

Main Level Bathrooms

Appliances Y/N

Yes

Appliances

Gas Oven, Gas Range, Refrigerator

Room Bathroom Features

Bathtub, Shower

Interior Features

Ceiling Fan(s)

Accessibility Features

None

Flooring

Carpet, Vinyl

Common Walls

No Common Walls

Fireplace Y/N

Fireplace Features

None

Pool Features

None

Pool Private Y/N

Spa Y/N

Spa Features

None

Patio Y/N

Yes

Patio And Porch Features

Front Porch, Wood

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Water Source

Public

Sewer

Public Sewer

Parking Y/N

Yes

Parking Total

2.00

Parking Features

Driveway, Concrete

Garage Spaces

2.00

Lot Features

Sloped Down, Front Yard, Yard

Lot Size Area

7500.0000

Lot Size Units

Square Feet

Road Frontage Type

City Street

Road Surface Type

Paved

View Y/N

View

None

Common Interest

None

Parcel Number

002315006

Additional Parcels Y/N

Zoning

Community Features

Sidewalks

Senior Community Y/N

Association Y/N

High School District

San Luis Coastal Unified

Lease Considered Y/N

Land Lease Y/N

Assessments

Unknown

Tax Lot

Tax Census Tract

111.01

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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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1143 Walnut St

San Luis Obispo, CA 93401

Photo Gallery

$1,095,000

1143 Walnut St

San Luis Obispo, CA 93401

Schedule a Tour

Contact Info

Advertising Agent:

Buying

Selling

Moving

Agents

Careers

Contact

About Us

559.436.4071

Get More Info

Print A Flyer

Get A Home Loan

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1143 Walnut St

San Luis Obispo, CA 93401

Photo Gallery

$1,095,000

1143 Walnut St

San Luis Obispo, CA 93401

Schedule a Tour

Contact Info

Advertising Agent:

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