879 Walnut St San Luis Obispo, CA 93401
Downtown San Luis Obispo NeighborhoodEstimated payment $5,073/month
Highlights
- Property is near a park
- No HOA
- Horse Trails
- Laguna Middle School Rated A
- Hiking Trails
- 5-minute walk to LC YC Cheng Park
About This Lot
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.
Listing Agent
Re/Max Premier Prop SanMarino Brokerage Phone: 951-741-0002 License #01193598
Property Details
Property Type
- Land
Est. Annual Taxes
- $737
Lot Details
- 6,000 Sq Ft Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Value in Land
- Property is zoned R4
Location
- Property is near a park
Listing and Financial Details
- Legal Lot and Block 3 / 69
- Assessor Parcel Number 002297046
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- San Luis Obispo Subdivision
- Foothills
Recreation
- Horse Trails
- Hiking Trails
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $737 | $67,929 | $67,929 | -- |
| 2023 | $737 | $66,598 | $66,598 | $0 |
| 2022 | $691 | $65,293 | $65,293 | $0 |
| 2021 | $680 | $64,013 | $64,013 | $0 |
| 2020 | $673 | $63,357 | $63,357 | $0 |
| 2019 | $666 | $62,115 | $62,115 | $0 |
| 2018 | $653 | $60,898 | $60,898 | $0 |
| 2017 | $640 | $59,704 | $59,704 | $0 |
| 2016 | $628 | $58,534 | $58,534 | $0 |
| 2015 | $618 | $57,655 | $57,655 | $0 |
| 2014 | $568 | $56,526 | $56,526 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2025 03/22/25 | For Sale | $898,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25062496
APN: 002-297-046
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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