1023 Walnut Street

Off Market

1023 Walnut Street

San Luis Obispo CA 93401

1400 sq. ft.

5045 sq. ft.

Duplex

Last sold for $725,000

Owen Schwaegerle, last sold this property on 14 October 2026 after 124 days on market.

Overview

Whether you're looking for a smart investment, a place to live with rental income, or housing for a Cal Poly student, this charming duplex offers flexibility and opportunity in one attractive package. This property is located 4 blocks from downtown San Luis Obispo, conveniently close to highway 101 access, and Cal Poly. The front residence has been thoughtfully updated with a bright, open floor plan, modern finishes, and a fresh, contemporary feel. The remodeled kitchen opens seamlessly to the living space and features white cabinetry, updated countertops, and a large peninsula perfect for casual dining or entertaining. A beautifully renovated bathroom includes a spacious walk-in tiled shower, while the private deck provides a peaceful spot to enjoy your morning coffee, unwind in the evening, or take in the surrounding hillside views. The second unit offers its own distinct character and comfortable living space, creating excellent potential for rental income, guest accommodations, or multi-generational living. This unit features original hardwood floors, wood paneling, and several windows for lots of natural light. Separate outdoor areas give each residence a sense of privacy and independence. This property is set on a generously sized lot with off-street parking, mature landscaping, and multiple outdoor gathering spaces. Each unit has access to a garage and their own washer and dryer. This structure could be converted into an ADU for even more rental income potential. Check with the city for future development opportunities. The versatile layout allows future owners to maximize income, offset mortgage costs, or simply enjoy the benefits of owning a property with built-in flexibility. This is an investment opportunity with updated living spaces, private outdoor areas, and endless possibilities for both investors and owner-occupants alike.

Features

2 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

1400 sq. ft. floor area

5045 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 2 bedroom duplexes sold in San Luis Obispo over the last 12 months.

Property history for 1023 Walnut Street

2026

Sold

$725,000

14 Oct 2026 by Owen Schwaegerle, of Schwaegerle Team

Happy sellers in San Luis Obispo

90%

90% of sellers in San Luis Obispo reported that their sale price either exceeded or met their price expectations.

San Luis Obispo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in San Luis Obispo over the last 12 months.

Local market activity for 2 bedroom duplexes in San Luis Obispo

In the last 12 months, 1 two-bedroom duplex similar to 1023 Walnut Street, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in San Luis Obispo for a market analysis.

Melissa Mertogul

at Real Estate eBroker Inc

(9 reviews)

Get a market analysis

Tina Glenn

at Richardson Sotheby's International Realty

(26 reviews)

Get a market analysis

Jessica Burns

(63 reviews)

Get a market analysis

Michelle McElrath (Severance)

at Keller Williams Realty Central Coast

(52 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in San Luis Obispo

Melissa Mertogul

Melissa Mertogul is an award winning recommended agent for San Luis Obispo. They have 2 local sales and collected 3 local reviews across the last 12 months.

5 (9 reviews)
3 Reviews in San Luis Obispo
2 Sales in San Luis Obispo

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Tina Glenn

Tina Glenn is a recommended agent for San Luis Obispo. They have 4 local sales and collected 2 local reviews across the last 12 months.

5 (26 reviews)
2 Reviews in San Luis Obispo
4 Sales in San Luis Obispo

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Jessica Burns

Sellers who recommend Jessica Burns have praised them for being local expert, responsive, clear communication, supportive, reliable, detail-oriented, and empathetic

5 (63 reviews)
2 Reviews in San Luis Obispo
2 Sales in San Luis Obispo

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Michelle McElrath (Severance)

Sellers who recommend Michelle McElrath (Severance) have praised them for being local expert, clear communication, responsive, reliable, resourceful, supportive, and strategic