>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>alt=”1143 Walnut Street [0]” >alt=”1143 Walnut Street [1]” >alt=”1143 Walnut Street [2]” >alt=”1143 Walnut Street [3]” >alt=”1143 Walnut Street [4]” >alt=”1143 Walnut Street [5]” >alt=”1143 Walnut Street [6]” >alt=”1143 Walnut Street [7]” >alt=”1143 Walnut Street [8]” >alt=”1143 Walnut Street [9]” >alt=”1143 Walnut Street [10]” >alt=”1143 Walnut Street [11]” >alt=”1143 Walnut Street [12]” >alt=”1143 Walnut Street [13]” >alt=”1143 Walnut Street [14]” >alt=”1143 Walnut Street [15]” >alt=”1143 Walnut Street [16]” >alt=”1143 Walnut Street [17]” >alt=”1143 Walnut Street [18]” >alt=”1143 Walnut Street [19]” >alt=”1143 Walnut Street [20]” >alt=”1143 Walnut Street [21]” >alt=”1143 Walnut Street [22]” >alt=”1143 Walnut Street [23]” >alt=”1143 Walnut Street [24]” >alt=”1143 Walnut Street [25]” >alt=”1143 Walnut Street [26]” >alt=”1143 Walnut Street [27]” >alt=”1143 Walnut Street [28]” >alt=”1143 Walnut Street [29]” >alt=”1143 Walnut Street [30]” >alt=”1143 Walnut Street [31]” >alt=”1143 Walnut Street [32]” >alt=”1143 Walnut Street [33]” >alt=”1143 Walnut Street [34]” >alt=”1143 Walnut Street [35]” >alt=”1143 Walnut Street [36]” >alt=”1143 Walnut Street [37]” >alt=”1143 Walnut Street [38]” >alt=”1143 Walnut Street [39]” >alt=”1143 Walnut Street [40]” >alt=”1143 Walnut Street [41]” >alt=”1143 Walnut Street [42]” >alt=”1143 Walnut Street [43]” >alt=”1143 Walnut Street [44]” >alt=”1143 Walnut Street [45]” >alt=”1143 Walnut Street [46]” >alt=”1143 Walnut Street [47]” >alt=”1143 Walnut Street [48]” >alt=”1143 Walnut Street [49]” >alt=”1143 Walnut Street [50]” >alt=”1143 Walnut Street [51]” >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!
Courtesy of Farrell Smyth Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
