Prime Infill Opportunity in Downtown San Luis Obispo.
One of the last largest remaining infill sites in Downtown SLO.
This 1.1-acre site combines three adjacent Commercial Service-zoned lots for rare large scale potential in a high-demand area. City-approved for a 4-story, 49-unit residential apartment/condo project (with on-site parking), plus an existing 1,420 sq ft commercial building (with approved 770 sq ft addition). Residential and commercial components can be purchased together or separately.
» Rare scale & scarcity — Largest undeveloped infill site left anywhere in Downtown SLO; few (if any) comparable sites left.
» Prime southern Downtown location — Easy freeway/south county access, steps from vibrant core shops, restaurants, and amenities.
» City Approved — Existing entitlements for 49-unit high density residential reduce risk and speed timelines.
» High-value residential focus — Final large-scale chance to add significant housing in a downtown top California coastal market.
» Possibility for Assisted Living.
145 South Street c9: Sold $75,000 · 1 bd · 1 ba · 300 sqft · Sep 2026 · 0.3 mi LPT Realty, Inc | DRE #01760992 Buyer's agent: Xochitl Farias, LPT Realty, Inc | DRE #01760992
417 High: Sold $1,210,000 · 2 bd · 1 ba · 937 sqft · Aug 2026 · 0.3 mi Central Coast Sotheby's International Realty | DRE #01884329 Buyer's agent: Juli Platzer, Redfin Corporation | DRE #02073834
2250 King Ct 84: Sold $650,000 · 2 bd · 2 ba · 1,256 sqft · Sep 2026 · 0.4 mi BHGRE HAVEN PROPERTIES | DRE #01213713 Buyer's agent: Randy Steiger, RE/MAX Success | DRE #01084549
491 Branch Street: Sold $1,569,000 · 6 bd · 4 ba · 2,744 sqft · Sep 2026 · 0.5 mi BHGRE HAVEN PROPERTIES | DRE #01931796 Buyer's agent: Michael Puhek, RE/MAX Success | DRE #01441759
491 Branch Street: Sold $1,569,000 · Sep 2026 · 0.5 mi BHGRE HAVEN PROPERTIES | DRE #01931796 Buyer's agent: Michael Puhek, RE/MAX Success | DRE #01441759
1415 Morro Street 9: Sold $849,000 · 2 bd · 2 ba · 1,199 sqft · Aug 2026 · 0.6 mi Peterson Team Realty | DRE #1441750 Buyer's agent: Mary McNally, Peterson Team Realty | DRE #1441750
1837 Chorro St: Sold $1,100,000 · 2 bd · 1 ba · 702 sqft · Aug 2026 · 0.6 mi Christie's International Real Estate Sereno | DRE #01868098 Buyer's agent: Denise Silva Topham, BHGRE HAVEN PROPERTIES | DRE #01333775
1428 Morro: Sold $845,000 · 2 bd · 2 ba · 986 sqft · Sep 2026 · 0.6 mi Holland Strand Real Estate | DRE #01406064 Buyer's agent: Steven Vogt, Joshua Tree Modern | DRE #01700001