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452 Higuera Street

San Luis Obispo, CA 93401
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Bed 10

Bed

Bath 4

Bath

SqFt4,266

Sqft

SqFt25,700.40

Sqft(Lot)

An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 452 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO’s long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the abso lute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rare—bring your vision to this premier location and shape the future of San Luis Obispo.

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Detail Ic Property Details

Property Type : Residential

Price : $2,750,000

AD Id : 84977626

MLS Id : SC26131654

Beds : 10

Lot Size : 25,700.40 Sqft

Living Area Size : 4,266

Year Built : 1901

County : San Luis Obispo

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Feature Features

  • Bedroom Information

    Total Bedrooms: 10

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: All Bedrooms Up Fireplace: None
  • Cooling Features

    None Air Conditioning

    Heating Source

    Wall Furnace Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1901
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.59
  • Lot Size Source: Plans Lot Size Square Feet: 25700.4

  • Listing Price Information

    Original List Price: 2,750,000 Listing Contract Date: 2026-06-16
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 002511017

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: SLO - San Luis Obispo Directions: Near corner of Higuera & Carmel streets. Source Property Type: Residential Area: SLO - San Luis Obispo Property SubType: Mixed Use
  • Building and Construction

    Property Age: 125 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Public Records Total Square Feet Living: 4266 Entry Level: 1 Entry Location: Street Levels or Stories: One Building Total Stories: 1 Structure Type: Mixed Use
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1854 Sydney Street, San Luis Obispo, CA, 93401 $3,298,000 5 6 5,351 5,351 SqFt
3816 Hatchery Lane #1, San Luis Obispo, CA, 93401 $945,000 3 2 1,673 1,673 SqFt
2021 Skylark, San Luis Obispo, CA, 93401 $1,700,000 4 1 2,399 2,399 SqFt
1255 Orcutt Road #B27, San Luis Obispo, CA, 93401 $169,950 2 2 560 560 SqFt
1255 Orcutt Road #B33, San Luis Obispo, CA, 93401 $194,950 2 2 745 745 SqFt
1255 Orcutt Road #B14, San Luis Obispo, CA, 93401 $169,950 2 2 560 560 SqFt
3500 Bullock Lane #54, San Luis Obispo, CA, 93401 $170,000 2 1 720 720 SqFt
3380 Bullock Lane, San Luis Obispo, CA, 93401 $3,195,000 -- -- 6,971 6,971 SqFt
3070 Rockview Pl, San Luis Obispo, CA, 93401 $885,000 2 2 1,506 1,506 SqFt
479 Mitchell, San Luis Obispo, CA, 93401 $1,195,000 3 2 2,333 2,333 SqFt

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ByOwner last updated this listing 06/22/2026 @ 05:46

MLS: SC26131654 LISTED BY: Farid Shahid, Eighty20 Group 805-457-5781 SOURCE: CRMLS

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