Mixed-Use Development
For Sale
$4,600,000
1390 Walker, San Luis Obispo, CA 93401
City-approved for a 49-unit residential project and includes an existing 1,420 sq ft commercial building with added approval.
Property Size1,420 SF
Lot Size1.10 Acres
Price / SF$3,239
Days on Market105
Property Features for 1390 Walker
General Information
Standard status
Active
Size
1,420 SF
Lot size
1.10 Acres
Property subtype
Land
Zoning
Commercial Service
Additional Details
Highway Access
Yes
Listing Agency:
Colliers - San Luis Obispo, California
(805) 544-3900
Listed By:
Preston Thomas · License #01378821
(805) 544-3900
Source:
Elliman
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 10 at 4:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - San Luis Obispo, California
Investment Insights
Based on property information with market context.
This mixed-use development site combines three adjacent Commercial Service-zoned lots totaling 1.1 acres. The property includes an existing 1,420 sq ft commercial building, along with city-approved entitlements for a 4-story, 49-unit residential apartment/condo project with on-site parking. The commercial building also has an approved 770 sq ft addition, and the residential and commercial components may be purchased together or separately.
Located in downtown San Luis Obispo, the site is positioned for convenient freeway and south county access, with nearby downtown shops, restaurants, and amenities. WalkScore and BikeScore are listed as 84 and 81, respectively, with a TransitScore of 33.
City-approved approvals are in place to support development timelines, and the remarks also indicate a possibility for assisted living.
Located in downtown San Luis Obispo, the site is positioned for convenient freeway and south county access, with nearby downtown shops, restaurants, and amenities. WalkScore and BikeScore are listed as 84 and 81, respectively, with a TransitScore of 33.
City-approved approvals are in place to support development timelines, and the remarks also indicate a possibility for assisted living.
Key Highlights
- 1.1‑acre infill site in Downtown San Luis Obispo combining three adjacent Commercial Service‑zoned lots
- City‑approved entitlements for a 4‑story, 49‑unit residential apartment/condo project with on‑site parking
- Existing 1,420 SF commercial building plus approved 770 SF addition
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - City-approved for a 49-unit residential project and includes an existing 1,420 sq ft commercial building with added approval.
Where is this apartment building located?
The property is located at 1390 Walker San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 1.1‑acre infill site in Downtown San Luis Obispo combining three adjacent Commercial Service‑zoned lots; City‑approved entitlements for a 4‑story, 49‑unit residential apartment/condo project with on‑site parking; Existing 1,420 SF commercial building plus approved 770 SF addition
