452 Higuera Street, San Luis Obispo, CA 93401 (MLS # SC26131654)

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PRICE $2,750,000 dsIDX morgage calculator
BEDS 10
BATHS 4
HOME SIZE 4,266 sqft
LOT SIZE 25,701 sqft
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An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 451 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO's long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the absolute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rare"”bring your vision to this premier location and shape the future of San Luis Obispo.

DAYS ON MARKET 1 LAST UPDATED 6/16/2026
TRACT San Luis Obispo(380) YEAR BUILT 1901
COMMUNITY SLO - San Luis Obispo COUNTY San Luis Obispo
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR None
AREA SLO - San Luis Obispo
HEAT Wall Furnace
LOT 0.59 acre(s)
LOT DESCRIPTION Level
LOT DIMENSIONS 0.59
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
SUBDIVISION San Luis Obispo(380)
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
MORTGAGE CALCULATOR
   

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Listed with Eighty20 Group

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