1390 Walker San Luis Obispo, CA 93401

Listing agency Colliers Tingey International Inc. p***@colliers.com Show Phone

Listed by Preston Thomas · License #01378821 Show Phone

Source Elliman

Added: Apr 28 Updated: Jul 22 at 6:49PM Checked: Jul 22 at 6:49PM

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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.

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

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FAQs

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