Active Open Saturday 08/01 5:30 PM-7:30 PM

1023 Walnut St

San Luis Obispo, CA 93401
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Bed 2

Bed

Bath 2

Bath

SqFt5,054

Sqft(Lot)

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. 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $950,000

AD Id : 83739527

MLS Id : SC26124777

Beds : 2

Lot Size : 5,054 Sqft

Year Built : 1948

Garage : 2

County : San Luis Obispo

Subdivision: Fallbrook

Open House Open House

  • 08/01 5:30 PM-7:30 PM
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Feature Features

  • Interior Features

    CeilingFans, AllBedroomsDown
    Roof: AsbestosShingle
    Appliances: GasRange, Microwave, Refrigerator
    Laundry Features: InGarage
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Cooling: None

  • Building Information

    Year Built: 1948
    Building Area Total: 1400
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Hills

  • Lot Information

    Main Square Feet: 5054 Lot Size Acres: 0.116 Lot Size Source: PublicRecords Lot Size Square Feet: 5,054 Lot Description: ZeroToOneUnitAcre

    Property Information

    Subdivision: San Luis Obispo(380) Source Property Type: ResidentialIncome Property SubType: Duplex Levels: One Property Age: 78

  • Listing Price Information

    Listing Price: $950000
    Original Price: $999000
    CashToNewLoan

  • Tax Information

    Parcel Number: 002313005

  • Parking Information

    Parking Total: 2 Driveway

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1411 1415 San Luis Drive, San Luis Obispo, CA, 93401 $1,000,000 4 2 1,284 1,284 SqFt
646 Perkins Lane, San Luis Obispo, CA, 93401 $1,049,000 4 2 2,312 2,312 SqFt
1023 Walnut Street, San Luis Obispo, CA, 93401 $950,000 2 2 1,400 1,400 SqFt

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ByOwner last updated this listing 07/29/2026 @ 23:47

MLS: SC26124777 LISTED BY: Owen Schwaegerle, The Schwaegerle Team 805-776-3036 SOURCE: CRMLS

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