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$1,095,000 -$200,000 (-15.44%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 1,953 Sq. Ft.
  • 2 Car Garage
  • Updated 4 days ago
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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!

Full Property Details for 1143 Walnut St

General

  • Price: $1,095,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: SC25180078
  • Updated: 2/5/2026
  • Days on Market: 101 days
  • Added to Site: 178 day(s) ago

Interior

  • Rooms/Areas: Family Room, Utility Room
  • Interior Features: Ceiling Fan(s)
  • Fireplace(s): None
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Front Porch, Wood

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Driveway, Concrete

Location

  • County: San Luis Obispo
  • Driving Directions: from Santa Rosa Street, home is on the right

School Information

  • School District: San Luis Coastal Unified

Community

  • Community Features: Sidewalks

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Single Family Residence
  • Common Walls: No Common Walls
  • Disability Access: None
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 1,953
  • Sq. Ft. Source: Assessor
  • Year Built: 1925
  • Year Built Source: Public Records
  • Property Condition: Fixer

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1722
  • Lot Size (Sq. Ft.): 7,500
  • Lot Size Source: Assessor
  • Zoning: R2
  • Lot Description: Sloped Down, Front Yard, Yard

Financial Considerations

  • Price Per Sq. Ft.: $560.68

Disclosures and Reports

  • Special Conditions: Standard, Trust

Listed by Farrell Smyth Real Estate, Jennifer Hamilton

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Listing agent

— 1143 Walnut St —

  • Jennifer Hamilton

    Farrell Smyth Real Estate

jennifer@farrellsmyth.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1143 Walnut St

School District:San Luis Coastal Unified School District
NameGradesDistance
Hawthorne Elementary School, San Luis Obispo, CA
2125 Story Street, San Luis Obispo, CA 93401
K-61.1 mi
Laguna Middle School
11050 Los Osos Valley Road, San Luis Obispo, CA 93405
7-82.5 mi
San Luis Obispo High School
1499 San Luis Drive, San Luis Obispo, CA 93401
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1143 Walnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Price Reduced
$1,095,000
-15.44%
MLS
8/15/2025
Listed
$1,295,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1143 Walnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,958
2%
$268,335
2%
2024
$2,907
2%
$263,074
2%
2023
$2,855
7%
$257,916
2%
2022
$2,676
2%
$252,860
2%
2021
$2,633
1%
$247,903
1%
2020
$2,606
1%
$245,362
2%
2019
$2,579
2%
$240,552
2%
2018
$2,529
2%
$235,837
2%
2017
$2,479
2%
$231,214
2%
2016
$2,431
2%
$226,682
2%
2015
$2,394
9%
$223,278
2%
2014
$2,198
—
$218,906
—
2013
$2,188
—
$217,917
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1143 Walnut St

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Down Payment
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Farrell Smyth Real Estate, Jennifer Hamilton

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1143 Walnut Street, San Luis Obispo, CA 93401 (MLS# SC25180078) is a Single Family property with 5 bedrooms and 3 full bathrooms. 1143 Walnut Street is currently listed for $1,095,000 and was received on August 15, 2025. Want to learn more about 1143 Walnut Street? Do you have questions about finding other Single Family real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.

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