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.
Property Details
Price:
$698,000
MLS #:
AR25062496
Status:
Active
Baths:
0
Type:
Land
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Mar 21, 2025
Lot Size:
6,000 sqft / 0.14 acres (approx)
See this Listing
Schools
Interior
Exterior
Community Features
Biking, Curbs, Foothills, Hiking, Horse Trails, Sidewalks
Financial
Map
Community
- Address879 Walnut Street 002297046 San Luis Obispo CA
- NeighborhoodSLO – San Luis Obispo
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Market Summary
Current real estate data for Land in San Luis Obispo as of Sep 02, 2025
26
Land Listed
179
Avg DOM
$1,974,846
Avg List Price
Property Summary
- Located in the San Luis Obispo(380) subdivision, 879 Walnut Street 002297046 San Luis Obispo CA is a Land for sale in San Luis Obispo, CA, 93401. It is listed for $698,000 and features 0 acres. To schedule a showing of MLS#ar25062496 at 879 Walnut Street 002297046 in San Luis Obispo, CA, contact your Outland and Associates Real Estate agent at 8054813939.
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879 Walnut Street 002297046
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