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$375,000
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Property Description
Look at this 6,000 sqft R4 lot priced to SELL! 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 possibly 8 units. In Downtown SLO yet still close to Cal Poly, this location has a Walk Score of 90 out of 100. 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. Buyer to confirm all information and satisfy themselves.
Full Property Details
Full Property Details for 879 Walnut St
General
- Sold For: $375,000
- Status: Closed
- Type: Lots/Land
- Source: MRMLS
- MLS ID: AR25253291
- Added to Site: 204 day(s) ago
Location
- Area: SLO - San Luis Obispo
- County: San Luis Obispo
- Development Name: SLO - San Luis Obispo
- Subdivision: San Luis Obispo(380)
- Driving Directions: Between Santa Rosa Street and Chorro Street
Utilities
- Water: See Remarks
Lot Features
- Property View: None
- Lot Size (Acres): 0.1377
- Lot Size (Sq. Ft.): 6,000
- Lot Size Source: Assessor
- Zoning: R4
- Lot Description: Curbs, Horse Trails, Biking, Hiking, Foothills, Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $62.5
Listed and Sold by Re/Max Premier Prop SanMarino, Andrew Loeffler
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Schools
Schools serving 879 Walnut St
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School, San Luis Obispo, CA 2125 Story Street, San Luis Obispo, CA 93401 | K-6 | 1 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 2.3 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 879 Walnut St
Date
Details
Price
Change
Source
5/04/2026
Sold
$375,000
-16.29%
MLS
1/07/2026
Price Reduced
$448,000
-18.25%
MLS
11/03/2025
Listed
$548,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
879 Walnut Street, San Luis Obispo, CA 93401 (MLS# AR25253291) is a Lots/Land property that was sold at $375,000 on May 04, 2026. Want to learn more about 879 Walnut Street? Do you have questions about finding other Lots/Land 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.

