Homes for sale - 1118 Palm ST, San Luis Obispo, CA 93401

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 1,350,000

Est. payment -/mo

Save Virtual Tour

Price Dropped by $100K

1118 Palm ST San Luis Obispo, CA 93401

4 Beds

2 Baths

2,068 SqFt

UPDATED:

10/30/2024 03:04 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,068 sqft

Price per Sqft $652

Subdivision San Luis Obispo(380)

MLS Listing ID SC24187371

Style Victorian

Bedrooms 4

Half Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1898

Lot Size 0.275 Acres

Acres 0.2755

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

Other Rooms Attic, Office

Master Bathroom 2

Main Level Bedrooms 4

Interior

Interior Features Cathedral Ceiling(s)

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

Private Pool No

Building

Lot Description Lawn, Lot 10000-19999 Sqft

Dwelling Type House

Story 2

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

Special Listing Condition Standard

Confidential INFO

SIGN ON PROPERTY 1

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Development opportunity! Property is currently set up for office use, but it was originally a home and could be converted to residential. Rooms listed as bedrooms are per City of SLO Municipal Code definition in Section 17.158.008. Buyer to verify all of the above with City of SLO. Email agent for home inspection and feasibility analysis for multi-family residential development. Seller is a non-profit so please allow some time for response to questions or offers. Thanks! Video: https://youtu.be/Rkgr_T0YTWA?si=i0Liq2gYadlQRE_y

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Erik

SHOW CONTACT PH 805-538-1828

SHOW INSTRUCTIONS Call or text listing agent. Make sure you lock up all doors.

Listed by Richardson Sotheby's International Realty

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

GET MORE INFORMATION

QUICK SEARCH