Active Open Saturday 06/13 2 PM-5 PM

1023 Walnut

San Luis Obispo, CA 93401

$999,000 $4,211/Mo

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Overview

Bed

Bath

1,400

Sqft

5,045

Sqft(Lot)

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 eveni ng, 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. The gross projected rental income is $52,800 annually based upon rent of $2200 per unit. 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.

Property Details

Property Type : Residential

Price : $999,000

AD Id : 83738291

MLS Id : SC26128081

Beds : 2

Lot Size : 5,045 Sqft

Living Area Size : 1,400

Year Built : 1948

Garage : 2

County : San Luis Obispo

Open House

06/13 2 PM-5 PM

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 2

Bathroom Information

Total Baths: 2 Full Baths: 2 Half Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Asbestos Shingle Interior Features: Ceiling Fan(s),All Bedrooms Down Property Appliances: Gas Range,Microwave,Refrigerator Fireplace: None Flooring: Vinyl,Wood
Cooling Features

None Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1948 Roof: Asbestos Shingle
Foundation

Raised
Accessibility Features

Parking

Pool Features

None

Laundry Features

In Garage

Patio And Porch

Deck

Fencing

Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1158
Lot Size Source: Assessor Lot Size Square Feet: 5045

Listing Price Information

Original List Price: 999,000 Listing Contract Date: 2026-05-07
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 002313005

Garage and Parking

Garage Description: Driveway,Driveway Up Slope From Street,Garage,On Street

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: SLO - San Luis Obispo Directions: From US-101, take the Marsh Street/Downtown exit. Follow Marsh Street toward downtown, turn right on Osos Street, left on Pacific Street, and right on Walnut Street. Source Property Type: Residential Area: SLO - San Luis Obispo Property SubType: Duplex
Building and Construction

Property Age: 78 Common Walls: 1 Common Wall Structure Type: Duplex Year Built Source: Estimated Total Square Feet Living: 1400 Entry Location: Ground Property Attached: Yes Levels or Stories: One Building Total Stories: 1 Structure Type: Duplex

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ByOwner last updated this listing 06/12/2026 @ 09:07

MLS: SC26128081 LISTED BY: Owen Schwaegerle, The Schwaegerle Team 805-776-3036 SOURCE: CRMLS