1118 Palm Street

San Luis Obispo, CA 93401

PRICE REDUCED

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-$100,000 (-6.90%)

$1,350,000

List Price

4

bed Beds

2

shower Baths

2,068 sqft

straighten / sqft

1898

calendar_month Built

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.

Listing Information

List Price $1,350,000
Status Active
MLS SC24187371
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1898
Lot Size 12,000
Structure Size 2,068
DOM 48
Courtesy Of Richardson Sotheby's International Realty
Listing Agent Erik Berg-Johansen DRE#02061242

Interior Features

Laundry Information
Location(s) Washer Hookup
Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 2
Flooring Information
Material Carpet, Wood
Fireplace Information
Features Family Room
Additional Information
Additional Features Cathedral Ceiling(s), Attic
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Erik Berg-Johansen, Richardson Sotheby's International Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 30th, 2024 at 3:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.