1143 Walnut Street San Luis Obispo, CA $ 1,095,000
1143 Walnut Street
$ 1,095,000
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1143 Walnut Street

San Luis Obispo, CA, 93401
$ 1,095,000
Bedrooms5 Baths3.0 Sq 1,953

Monthly Estimate*

$ 6,742

Listed by Farrell Smyth Real Estate
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Single Family Home for sale in San Luis Obispo, CA

for $1,095,000 with 5 bedrooms and 3 full baths. This 1,953 square foot home was built in 1925 on a lot size of 0.1722.

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!

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Single Family Active

Price

$ 1,095,000

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.1722

Year Built

1925

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

SC25180078

Days on Market

230

Features
General
Living Area 1953
Sewer Public Sewer
Heating Central
Cooling None
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow See Remarks
Appliances Gas Oven Gas Range Refrigerator
Zoning R2
HOA Fee 0
Garage Spaces 2
Patio/Porch Features Front Porch Wood
Pool Features None
Year Built 1925
View None
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Community Features Sidewalks
Accessibility None
County San Luis Obispo
New Construction false
Property Type Residential
HOA false
Garage Y/N true
Full Baths 3
Special Listing Conditions Standard Trust
Status Active
Directions from Santa Rosa Street home is on the right
City San Luis Obispo
Disclosures Accessory Dwelling Unit
Entry Location 1
Senior Community Y/N false
High School District San Luis Coastal Unified
Number Of Units Total 2
MLS Area SLO - San Luis Obispo
Lot Size Units Square Feet
Lot Size Square Feet 7500
Listing Terms Cash to New Loan
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Current Financing None
Property Condition Fixer
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://1143walnut.com/idx https://1143walnut.com/
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Public Records
Tax Lot 2
Property Sub Type Additional Single Family Residence
Expected Active Date 2025-08-15
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Interior
Interior Amenities Ceiling Fan(s) Utility Room
Flooring Carpet Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Bedrooms 5
Below Grade Finished Area 0
Entry Level 1
Main Level Bedrooms 3
Main Level Bathrooms 3
Total Baths 3
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Exterior
Parking Features Concrete Driveway
Lot Features Sloped Down Front Yard Yard
Water Source Public
Total Parking 2
Lot Size Area 7500
Spa false
Lot Size Acres 0.1722
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Road Frontage Type City Street
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* Excluded Features
List By
Farrell Smyth Real Estate

Broker

jennifer@farrellsmyth.com

Email

Affordability Calculator

$6,742
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Monthly Principal & Interest
$6,742
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/6/2026$1,095,000 -15.44% Price Down
11/28/2025$1,295,000 Listed Price

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1143 Walnut Street, San Luis Obispo, CA, 93401 is a Single Family Home for sale at $1,095,000 with 1,953 sqft and a lot size of 0.1722. 1143 Walnut Street has 5 bedrooms, 3.0 baths, and was built in 1925. The property's zip code is 93401 which is in San Luis Obispo, CA