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 Walker’s 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 add
MLS #
CRAR25062496
MLS Source
California Regional MLS
Days on Site
5
Lot Description
Grade - Level
Water
Other
HOA Fee
$0
Zoning
LWS, LSR, LL, PRK, PAV, LV
Schools | Type | Grades | Distance | Rating |
---|---|---|---|---|
San Luis Obispo High School | public | 9-12 | 0.83 mi | |
Peep - De'Groot - Prepare School | public | KG,1,2,3,4,5,6,7,8,9,10,11,12,AE | 0.90 mi | N/A |
San Luis Coastal Usd Adult | public | UG | 0.90 mi | N/A |
Hawthorne Elementary School | public | K-6 | 0.99 mi | |
Pacheco Elementary School | public | K-6 | 1.01 mi | |
Teach Elementary School | public | 4-6 | 1.02 mi | |
Bishop's Peak Elementary School | public | K-6 | 1.46 mi | |
Sinsheimer Elementary School | public | K-6 | 1.57 mi | |
Smith (C. L.) Elementary School | public | K-6 | 2.07 mi | |
Laguna Middle School | public | 7-8 | 2.27 mi | |
Pacific Beach High School | public | 10-12 | 2.44 mi |
879 Walnut St is in San Luis Obispo, CA 93401. This Land is currently priced at $898,000.
This address can also be written as 879 Walnut St, San Luis Obispo, CA 93401.©2025 California Regional MLS. All rights reserved. All data, including 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 22, 2025. For the most current information, please contact Andrew Loeffler