1143 Walnut St

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!

This home located at 1143 Walnut ST is currently active and has been available on pardeeproperties.com for 1 day. This property is listed at $1,295,000. It has 5 beds and 3 bathrooms. The property was built in 1925. 1143 Walnut ST is in the San Luis Obispo community of San Luis Obispo County.

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