Under contract

Active Under Contract

1118 Palm Street

San Luis Obispo CA, 93401

$1,450,000


$701.16 per sqft

Under contract

Active Under Contract

4 Beds

2 Baths

2,068 sqft

Residential

Built in 1898

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

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.

SC24187371

MLS ID

September 12, 2024

Listed

October 5, 2024

Updated

Map

1118 Palm Street
San Luis Obispo CA, 93401

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

2


Half Bathrooms

1


Three-Quarter Bathrooms

1


Interior Features

Cathedral Ceiling(s), Attic


Appliances

Refrigerator


Laundry Description

Washer Hookup


Floor Description

Carpet, Wood


Fireplace

Yes


Fireplace Description

Family Room


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Lawn


Architectual Style

Victorian


Roof

Composition


Sewer

Public Sewer

School Information

School District

San Luis Coastal Unified

Other Property Details

Area Name

SLO - San Luis Obispo


Days on Market

22


Garage

No


Parking

Uncovered


Parking Total

0


View

Yes


View Description

Mountain(s)


County

San Luis Obispo


Water Source

Public


Pool

No


Pool Features

None


Zoning

O

Listing History

Date

Event

Price

10/4/2024

Under contract

Listing Contact: 805-781-6040 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/5/2024 at 12:27 PM UTC

 

Powered byLuxury Presence