1143 Walnut Street
Price History Original $1,295,000 → Last $1,095,000 → Sold $915,000
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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!
Basic / Listing Information
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Local & Market Information
Property & Market Context
This 5-bedroom, 3-bath San Luis Obispo single-family home offers 1,953 sq ft of living area on a 7,500 sq ft lot.
For context, its sold price of $915,000 is about 27% below the 2026 year-to-date through October 9, 2026 median closed single-family home price of $1,249,500 in San Luis Obispo.
Built in 1925, the home is approximately 101 years old, compared with a median home age of 38 years for closed single-family homes in San Luis Obispo during the same period.
Local Market Tidbit
Through October 9, 2026, the median closed single-family home price in San Luis Obispo was $1,249,500, ranking San Luis Obispo 4th among 14 SLO County communities by median price.
The information in this section is independently compiled or calculated by SLO County Homes and is not provided by the listing broker or CRMLS. Market comparisons use saved SLO County Homes statistics for the period shown and are for general informational purposes only.
IDX Information
Based on information from CRMLS as of September 30, 2026 at 12:03 PM PDT.
The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Properties displayed on this website may be listed by a real estate brokerage other than SLO County Homes.