1118 Palm Street

San Luis Obispo, CA 93401

$1,450,000
Price
4
Beds
1
Bath
1
1/2 Bath
2,068 Sq. Ft.
$701 / Sq. Ft.
2,068
Sq. Ft.
$701
per Sq. Ft.

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...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.
  1. Listed by Erik Berg-Johansen • DRE #02061242 • Brokerage DRE #01904034 • Richardson Sotheby's International Realty • 805-538-1828

Property Details for 1118 Palm Street

Architectural Style
Victorian
View
Mountain(s)
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 10/17/2024 02:17 AM

Property Details for 1118 Palm Street

StatusActive
MLS #SC24187371
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1898
Lot Size0.28 AC / 12,000 SF
CountySan Luis Obispo County

Building Information for 1118 Palm Street

Stories2Year Built1898Building Size-Lot Size0.28 AC / 12,000 SF

Property Information for 1118 Palm Street

Income / Expense / Tax Details
Income Details
  • 433a Certified: No
Tax / Assessment Info
  • Tax Block: 32
  • Tax Census Tract: 111.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Refrigerator
  • Equipment: Refrigerator
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Average Condition
  • Structure Type: House
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Lawn, Lot 10000-19999 Sqft
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Parking Non-Garage: Uncovered
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Uncovered
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
  • Architectural Style: Victorian
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 1118 Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1118 Palm Street

Taxable ValueLand$780,300Additions$468,180Total$1,248,480
Tax Record2024$13,798 ($1,150 / month)
Home Facts
Total Finished SqFt2,068 SqFtAbove Grade Finished SqFt2,068 SqFtLot Size12,000 SqFtStyleOffice BuildingYear Built1898ZoningOCountySAN LUIS OBISPOAPN002-325-008

Schools near 1118 Palm Street

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 6
Rating
School
Distance
Hawthorne Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Teach Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1118 Palm Street is a single family home for sale in San Luis Obispo, CA 93401. This property was listed for sale on August 15, 2024 by Richardson Sotheby's International Realty, it's currently listed at $1,450,000. It has been on the market for a total of 41 days and was last sold on January 12, 2022. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Hawthorne Elementary School, Laguna Middle School and San Luis Obispo High School. 1118 Palm Street is a 4-bed, 1.5-bath, 2,068 sqft single family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Richardson Sotheby's International Realty, Erik Berg-Johansen, DRE #02061242

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.