$2,750,000
About this home
An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 452 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO’s long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the absolute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rare—bring your vision to this premier location and shape the future of San Luis Obispo.
Facts & features
- Bedrooms
- 10
- Bathrooms
- 4 full
- Living area
- 4,266 sq ft
- Interior features
- All Bedrooms Up
- Fireplace
- None
- Heating
- Wall Furnace
- Cooling
- None
- Laundry
- None
- Levels
- One
- Lot size
- 0.59 acres (25,700.4 sq ft)
- Pool
- None
- View
- Neighborhood
- Year built
- 1901
- Area
- SLO - San Luis Obispo
- County
- San Luis Obispo
- Community features
- Street Lights, Sidewalks
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 1
- Listed
- 2026-06-16
- Terms
- Cash, Cash To New Loan, Exchange 1031
- Parcel #
- 002511017
- MLS #
- SC26131654
