1118 Palm Street

San Luis Obispo, CA 93401
$1,350,000
2068 sqft | 4 beds | 0.28 acres | #SC24187371
Courtesy of Richardson Sotheby's International Realty

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.
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  • Interior Details
    • Interior Features
      • Interior:CathedralCeilings, Attic
    • Beds & Baths
      • Bedrooms:4
      • Half Baths:1
      • 3/4 Baths:1
  • Property Details
    • Property
      • View:Mountains
      • Stories:2
      • Lot description:Lawn
    • Measurements
      • Acres:0.2755
      • Square Feet:2068
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1898
  • Utilities / Energy Details
    • Utility
      • Sewer information:PublicSewer
      • Utility source:Public
      • Utility features:ElectricityConnected, SewerConnected, WaterConnected
  • Community and Neighborhood Details
    • Community
      • Subdivision:San Luis Obispo(380)
    • Location
      • School district:San Luis Coastal Unified
      • County:San Luis Obispo
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 450, 000
  • Other
    • Source
      • MLS #:SC24187371

Location

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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