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This rare downtown offering includes a 1925 Craftsman bungalow plus two separate one-bed/one-bath units, all located just two blocks from the heart of San Luis Obispo and next door to Mitchell Park. Positioned on the corner of Morro and Pismo Streets, this property blends historic character, income-producing flexibility, and exceptional walkability. The main house (1,582 sq ft) features a deep front porch, tall ceilings, and expansive original windows that fill the home with natural light. The generous living room includes a fireplace and classic Craftsman detailing. Two large front bedrooms share a Jack-and-Jill bath, while the formal dining room can serve as a third bedroom or flex space. A smaller fourth bedroom sits at the rear of the home alongside a laundry area and ¼ bath. With a newer roof and preserved period elements throughout, the home offers excellent potential for restoration and enhancement of a true century-old Craftsman. Behind the main residence are two well-designed one-bed/one-bath units, each approximately 792 sq ft and each including a kitchen, living area, bedroom, and full bath. The upper unit features a new deck with stairs leading to a private backyard space; the lower unit enjoys direct yard access as well. These units provide strong rental income or ideal guest accommodations. The location is unmatched"”walk to downtown restaurants, cafés, wine bars, boutique shops, Mission Plaza, the Thursday night Farmers' Market, SLO Rep, Fremont Theater, the Museum of Art, and multiple hiking and biking trails. Mitchell Park, located directly next door, offers open lawn areas, playgrounds, and community events. Whether you plan to live in the main home and rent the back units, operate the property as a multi-unit investment, or restore a classic 1920s Craftsman in one of SLO's most desirable neighborhoods, this property delivers historic charm, versatility, and prime downtown access.
| Last Updated | 11/24/2025 | Tract | San Luis Obispo(380) |
|---|---|---|---|
| Year Built | 1925 | Community | SLO - San Luis Obispo |
| Garage Spaces | 2.0 | County | San Luis Obispo |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range |
| AREA | SLO - San Luis Obispo |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| INTERIOR | Eat-in Kitchen, High Ceilings, See Remarks |
| LOT | 7135 sq ft |
| LOT DESCRIPTION | Corner Lot, Level, Rectangular Lot |
| LOT DIMENSIONS | 7134 |
| PARKING | Driveway, Garage, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Bungalow, Craftsman |
| SUBDIVISION | San Luis Obispo(380) |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/25 8:30 AM PST and /or other sources. 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
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