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 additional credits or soft funding.
Property Details
Price:
$898,000
MLS #:
AR25062496
Status:
Active
Baths:
0
Address:
879 Walnut Street 002297046
Type:
Land
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
City:
San Luis Obispo
Listed Date:
Mar 21, 2025
State:
CA
ZIP:
93401
Lot Size:
6,000 sqft / 0.14 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Biking, Curbs, Foothills, Hiking, Horse Trails, Sidewalks
Lot Features
Level with Street, Rectangular Lot, Level, Park Nearby, Paved, Value In Land
View
None
Water Source
See Remarks
Financial
Association Fee
0.00
Map
Community
- Address879 Walnut Street 002297046 San Luis Obispo CA
- AreaSLO – San Luis Obispo
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Similar Listings Nearby
- 730 Via Laguna 067220001
San Luis Obispo, CA$1,100,000
2.84 miles away
- 2151 San Luis Drive 001082007
San Luis Obispo, CA$689,000
1.25 miles away

879 Walnut Street 002297046
San Luis Obispo, CA
LIGHTBOX-IMAGES