1023 Walnut, San Luis Obispo, CA 93401
1023 Walnut, San Luis Obispo, CA 93401
1023 Walnut, San Luis Obispo, CA 93401
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Paul Swack

Paul Swack

+1(805) 441-4281
$999,000
Est. payment /mo
2 Beds
2 Baths
1,400 SqFt
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Open House

Sat Jun 13, 11:00am - 2:00pm

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 $713

Subdivision San Luis Obispo(380)

MLS Listing ID SC26128081

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1948

Lot Size 5,044 Sqft

Property Sub-Type Duplex

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. 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.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Rooms

Main Level Bedrooms 2

Interior

Interior Features Ceiling Fan(s), All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Microwave, Refrigerator

Laundry In Garage

Exterior

Parking Features Driveway, Driveway Up Slope From Street, Garage, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks

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

View Y/N Yes

View Hills

Roof Type Asbestos Shingle

Accessibility Parking

Porch Deck

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 002313005

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Owen Schwaegerle The Schwaegerle Team 805-215-5063, DRE #02040597

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Paul Swack

Paul Swack

Team Leader I Broker Associate | License ID: 02032510

+1(805) 441-4281

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1023 Walnut