879 Walnut St, San Luis Obispo, CA 93401 (MLS # AR25253291)

Price	$548,000
Status	Active
Beds	0
Baths	0 Bath
Home size	n/a
Lot Size	5,999 sqft
Days on Market	2

Amazing development opportunity in one of the best cities on the California Central Coast! Flat, accessible land zoned R4 right in the Downtown San Luis Obispo neighborhood. Per the city, density allows for 8 units - potentially more with allowances. In Downtown SLO yet still close to Cal Poly, this location has a Walk Score of 90 out of 100. It's a Walkers Paradise so daily errands do not require a car. Bike score is a very bike-able 75. Nearby parks include Mission Plaza, Santa Rosa Park and Mitchell Park. San Luis Obispo has an average Walk Score of 56 and has 45,119 residents. Downtown is absolutely bustling with activity. There are coffee shops, restaurants, tons of retail and commercial, rooftop bars, underground breweries, museums, historic landmarks including Mission San Luis Obispo de Tolosa est. 1772 in Mission Plaza. There are cultural events, not to mention Thursday Farmers Market, and Bubblegum Alley. You can be at Morro Bay or Pismo Beach in ten minutes or get right on the 101 and go wherever you need to go. Whether building for students or busy professionals, this site is perfect for your next project. The City of San Luis Obispo recognizes the need for housing and is excited to work with you. There may be Housing Finance Agencies (HFAs) offering additional credits or soft funding.

Property Type(s): Lot/Land/Acreage

Last Updated	11/4/2025	Tract	San Luis Obispo(380)
Year Built	0	County	San Luis Obispo

Additional Details

LOT	5998 sq ft
LOT DIMENSIONS	4,000-7,499 SF
SUBDIVISION	San Luis Obispo(380)

Listed with Re/Max Premier Prop SanMarino

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Properties on this website was last updated as recently as 11/4/25 2:31 PM PST.

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