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Property Description

Look at this 6,000 sqft R4 lot priced to SELL! 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.

Address Map
879 Walnut Street, San Luis Obispo, California 93401
US
CA
San Luis Obispo
San Luis Obispo
93401
Yes
Walnut
879
Street
W121° 20' 5''
N35° 17' 2.7''
Between Santa Rosa Street and Chorro Street
SLO - San Luis Obispo
R4
Additional Information
: See Remarks
548000
2025-11-03
: Paved, Level, Street Level, Value In Land, Rectangular Lot, Near Park
: Park, Curbs, Sidewalks, Hiking, Foothills, Horse Trails, Biking
Listing Information
AR44047
3541
Cash,Cash to New Loan
Active
2026-01-07T21:10:39Z
CRMLS
: Standard
2025-11-03T22:03:36Z

Land For Sale

879 Walnut Street, San Luis Obispo, California 93401

0.14 Acre
$448,000
Listing ID #AR25253291
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : AR25253291
Price : $448,000
View : None
Lot Area : 0.14 Acre
Office Name : Re/Max Premier Prop SanMarino
Agent Name : Andrew Loeffler
Listing Status : Active
Agent info
All View Realty
Contact Agent
2551569_AVR_Logo_Revamp_7_031025