1023 Walnut St, San Luis Obispo, CA 93401

$950,000

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List Price
$950,000
Price Change
▼ $49,000 1783567922
Status
ACTIVE
MLS#
SC26124777
Year Built
1948
Lot Size
5,054
Acres
0.12
Lot Location
0-1 Unit/Acre
Days on Market
47
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level
Neighborhood
San Luis Obispo(380)

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. 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.

Additional Information

Appliances
Gas Range, Microwave, Refrigerator
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
Hills
Roof
Asbestos Shingle
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), All Bedrooms Down
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$45,600
Operating Expense
3180

Listing courtesy of Listing Agent: Owen Schwaegerle (owen@schwaegerleteam.com) from Listing Office: The Schwaegerle Team.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.