Veterans United Realty
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1118 Palm Street, San Luis Obispo, CA 93401

$1,450,000 Asking Price

4 beds
2 baths
2,068  sqft
Built in 1898

Welcome to 1118 Palm Street in San Luis Obispo, CA! This exceptional property offers a rare opportunity to own a prime piece of downtown real estate, set on an expansive 12,000 square-foot lot. Situated in the versatile Office Zone, this property is ideal for a variety of uses, from a sophisticated office space to a charming residence, or even a combination of both. You may also explore the development of additional homes or apartments in the large area behind the existing home. The property boasts elegant architectural features including large windows, soaring 11-foot ceilings, and distinctive rooflines that enhance its functionality and historic charm. Brass door handles, Douglas Fir floors, artistic lighting fixtures, and a grand fireplace add a touch of quality and uniqueness you wont find in newer construction. The property includes a kitchen area, two bathrooms, and a separate walk in shower room. Elevated above street level, the property provides stunning views of the surrounding mountains and downtown San Luis Obispo. At the rear, youll find a serene sitting area and a large parking lot with 8 onsite spaces. The expansive attic, accessible via staircase, offers ample storage space with the potential to convert into additional office or living areas. Whether you envision creating a Downtown SLO estate with gardens, guest units, and a detached garage/shop, or improving a premium office space, this property presents a unique opportunity. The seller has developed conceptual plans for additional housing units - please inquire for more information. Discover the potential

Listing Status:
Active
Date Added:
August 15, 2024 — 37 days ago
Listing Office:
Richardson Sotheby's International Realty, Erik Berg-Johansen (805-538-1828)
Office Phone:
805-781-6040
MLS ID:
SC24187371

Features & Amenities

Interior

Laundry:
Washer Hookup
Flooring:
Carpet,Wood
A/C:
Central Forced Air
Heating:
Forced Air Unit
Fireplace:
FP in Family Room

Exterior

Style:
Victorian
Pool:
None
Parking:
Uncovered, Parking spaces: 0

Construction

Roofing:
Composition
General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
San Luis Obispo

Lot

Zoning:
O, 002325008
View:
Mountains/Hills
Fencing:
Average Condition

Utilities

Utilities:
Electricity Connected,Sewer Connected,Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Richardson Sotheby's International Realty, Erik Berg-Johansen

About San Luis Obispo, CA

Housing

Number of Units
25,677
Median Home Value
$720,160
Median Rent
$1,496

52.79% of housing units are renter occupied.

8.94% are vacant.

Commute

Car
53.93%
Public Transportation
1.46%
Walk to Work
9.23%
Work from Home
31.00%
Other
0.10%

The median travel time to work is 11 minutes.

People

Population
67,371
Median Age
32.80
Median Household Size
2.60

Education

High School
15.67%
Associate’s Degree
7.77%
Bachelor’s Degree
26.33%
Graduate Degree
20.81%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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