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$1,350,000

Est. payment - /mo

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4 BD

2 BA

0.28 Acres Lot

Price Dropped by $100K

1118 Palm ST San Luis Obispo, CA 93401

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Travis & Sebastian Winfield

team@moregroup.vet +1(951) 223-1665

UPDATED:

10/30/2024 03:05 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC24187371

Bedrooms 4

Half Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1898

Lot Size 0.275 Acres

Property Description

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 won’t 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, you’ll 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 of Palm Street and imagine the possibilities for this remarkable property in the heart of San Luis Obispo.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Zoning O

Rooms

Main Level Bedrooms 4

Ensuite Laundry Washer Hookup

Interior

Interior Features Cathedral Ceiling(s), Attic

Laundry Location Washer Hookup

Heating Central

Cooling Central Air

Flooring Carpet, Wood

Fireplaces Type Family Room

Fireplace Yes

Appliance Refrigerator

Laundry Washer Hookup

Exterior

Garage Uncovered

Fence Average Condition

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Composition

Parking Type Uncovered

Private Pool No

Building

Lot Description Lawn

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Victorian

Level or Stories Two

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 002325008

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Erik Berg-Johansen • Richardson Sotheby's International Realty • 805-538-1828

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Travis & Sebastian Winfield

CEO/Team Leader | License ID: 01895786 | 02098879

+1(951) 223-1665

Travis & Sebastian Winfield

1118 Palm ST San Luis Obispo, CA 93401

Travis & Sebastian Winfield

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1118 Palm ST