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1023 Walnut Street

San Luis Obispo, CA 93401
  • $950,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: SC26128081
Price Reduced
UPDATED: 59 min ago
$950,000
  • 2
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $679
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1948
County:

School Ratings & Info

School District:
Listing Agent(s): Owen Schwaegerle of The Schwaegerle Team (805-776-3036)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-16T21:38:51.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/177626597
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1023 Walnut Street San Luis Obispo, CA 93401

  • Price: $950,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 59 min ago
  • ID#: SC26128081
2
Beds
2
Baths
0
½ Baths
0.12
Acres
1,400
SQFT
$679
$/SQFT
1948
Built
Neighborhood:
San Luis Obispo(380)
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
School District:
San Luis Coastal Unified
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.
Exterior Features

Attached Garage YN No Entry Level 0 Entry Location Ground Fencing Wood Foundation Details Raised Lot Features 0-1 Unit/Acre Parking Features DrivewayDriveway Up Slope From StreetGarageOn Street Parking Total 2 Patio And Porch Features Deck Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Asbestos Shingle View Hills View YN Yes

Interior Features

Accessibility Features Parking Appliances Gas RangeMicrowaveRefrigerator Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring VinylWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)All Bedrooms Down Main Level Bathrooms 2 Main Level Bedrooms 2

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsStorm Drain(s)Street LightsSidewalks Garage YN Yes Land Lease YN No Laundry Features In Garage Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan New Construction YN No Property Sub Type Duplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-16T21:38:51.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_440639952-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_440639952-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_440639952-2.jpg
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Equity Union
860 Walnut St. Ste C
San Luis Obispo CA, 93401
Listing Agent(s): Owen Schwaegerle of The Schwaegerle Team (805-776-3036)