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San Luis Obispo, CA

$950,000

1023 Walnut St, San Luis Obispo, CA
1948
Built
27
Days listed

About this home

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.

Facts & features

Interior
Interior features
Ceiling Fans, All Bedrooms Down
Appliances
Gas Range, Microwave, Refrigerator
Flooring
Vinyl, Wood
Fireplace
None
Heating
Wall Furnace
Cooling
None
Laundry
In Garage
Levels
One
Exterior & lot
Lot size
0.116 acres (5,054 sq ft)
Pool
None
View
Hills
Year built
1948
Parking
Driveway
Parking spaces
2
Community
Area
SLO - San Luis Obispo
County
San Luis Obispo
Community features
Biking, Curbs, Storm Drains, Street Lights, Sidewalks
Listing details
Status
Active
Property type
Duplex
Days on market
27
Listed
2026-05-07
Original price
$999,000
Terms
Cash To New Loan
Parcel #
002313005
MLS #
SC26124777
Listed by
Owen Schwaegerle · The Schwaegerle Team

Location

Price history

Listed
$999,000 · 2026-05-07
Price reduced
$950,000 (−$49,000)
Days on market
27
Current price
$950,000
Financing

Could this home be yours?

Estimated monthly payment
$5,960
$4,804 principal & interest · $1,156 taxes & insurance
$190,000
Estimate only
Loan $760,000

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Listing data provided by CRMLS

Listing courtesy of The Schwaegerle Team. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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