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This 1920s triplex property offers potential for renovation, investment and development, nestled in vibrant downtown San Luis Obispo with views of Cerro San Luis peak. Triplex includes: attached 2 BED/2 BA unit with attached 1-car garage, attached studio/1 BA unit, and a small detached rear studio/1 BA unit. Zoned Office (Residential on Commercial RES-NEC) and situated on a spacious 5,000 square foot lot. The backyard offers ample space and convenient additional access via an easement off Walnut St. Per the City of SLO Planning, the lot has a density allowance of at least 2.00 density units, opening the door to possibilities for expansion or redevelopment. Buyer to verify development potential with the City of SLO. While this property requires major repairs and renovations, it's priced to reflect its as-is sale condition, making this a rare opportunity in downtown San Luis Obispo.
Property Type(s):
Single Family
| Last Updated | 3/10/2026 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1920 | Community | SLO - San Luis Obispo |
| Garage Spaces | 1.0 | County | San Luis Obispo |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range, Water Heater |
| AREA | SLO - San Luis Obispo |
| CONSTRUCTION | Wood Siding |
| GARAGE | Attached Garage, Yes |
| HEAT | Wall Furnace |
| LOT | 5001 sq ft |
| LOT DESCRIPTION | Back Yard |
| LOT DIMENSIONS | 5000 |
| PARKING | Attached, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Craftsman |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Hills |
| WATER | Public |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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