REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Andrea Hilsenroth

andrea@homesbyandrea.com +1(760) 402-3792

$ 999,000

Est. payment -/mo

Save

Open Sat 11AM-2PM

1023 Walnut St San Luis Obispo, CA 93401

5,052 Sqft Lot

Open House

Sat Jun 13, 11:00am - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26124777

HOA Y/N No

Year Built 1948

Lot Size 5,052 Sqft

Property Sub-Type Duplex

Property Description

Whether you're looking for a smart investment, a place to live with rental income, or housing for a Cal Poly student, this charming duplex offers flexibility and opportunity in one attractive package. This property is located 4 blocks from downtown San Luis Obispo, conveniently close to highway 101 access, and Cal Poly. The front residence has been thoughtfully updated with a bright, open floor plan, modern finishes, and a fresh, contemporary feel. The remodeled kitchen opens seamlessly to the living space and features white cabinetry, updated countertops, and a large peninsula perfect for casual dining or entertaining. A beautifully renovated bathroom includes a spacious walk-in tiled shower, while the private deck provides a peaceful spot to enjoy your morning coffee, unwind in the evening, or take in the surrounding hillside views. The second unit offers its own distinct character and comfortable living space, creating excellent potential for rental income, guest accommodations, or multi-generational living. This unit features original hardwood floors, wood paneling, and several windows for lots of natural light. Separate outdoor areas give each residence a sense of privacy and independence. This property is set on a generously sized lot with off-street parking, mature landscaping, and multiple outdoor gathering spaces. The gross projected rental income is $52,800 annually based upon rent of $2200 per unit. Each unit has access to a garage and their own washer and dryer. This structure could be converted into an ADU for even more rental income potential. Check with the city for future development opportunities. The versatile layout allows future owners to maximize income, offset mortgage costs, or simply enjoy the benefits of owning a property with built-in flexibility. This is an investment opportunity with updated living spaces, private outdoor areas, and endless possibilities for both investors and owner-occupants alike.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Zoning O

Interior

Interior Features Ceiling Fan(s), All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Microwave, Refrigerator

Laundry In Garage

Exterior

Parking Features Driveway

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Hills

Roof Type Asbestos Shingle

Accessibility Parking

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 002313005

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Owen Schwaegerle The Schwaegerle Team 805-215-5063, DRE #02040597

Andrea Hilsenroth

Agent | License ID: 01936693

+1(760) 402-3792 | andrea@homesbyandrea.com

Andrea Hilsenroth

1023 Walnut St San Luis Obispo, CA 93401

Open House

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

1023 Walnut St