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Natasha Nicolakakis

Engel & Völkers

natasha.nicolakakis@engelvoelkers.com +1(818) 620-0797

Listed by Owen Schwaegerle • The Schwaegerle Team

$ 950,000

Est. payment -/mo

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Price Dropped by $49K

1023 Walnut St San Luis Obispo, CA 93401

1,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $678

MLS Listing ID SC-26124777

Year Built 1948

Lot Size 5,054 Sqft

Property Sub-Type Duplex

Source California Regional Multiple Listing Service (CRMLS)

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.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Zoning O

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Flooring Vinyl, Wood

Fireplaces Type None

Laundry In Garage

Exterior

Parking Features Driveway

Garage Spaces 2.0

Pool None

Community Features Biking, Curbs, Sidewalks, Storm Drains, Street Lights

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Hills

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Natasha Nicolakakis

Advisor

+1(818) 620-0797

Natasha Nicolakakis

1023 Walnut St San Luis Obispo, CA 93401

Key Details

Location

Interior

Exterior

Building

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1023 Walnut St