1429 Nipomo Street San Luis Obispo, CA 93401

Situated in the heart of Downtown SLO & walking distance to everything. This versatile R2 property features an older home in front currently configured as a 1669 sq. ft. triplex consisting of a 2bed unit, 1bed unit and a studio which generates strong income. This structure could be easily converted back to a SFR & turned into a beautiful home similar to those across the street. The back building is approximately 1643 sq. ft. & features 3 highly desirable studio units with lofts. These studio's are much larger and more spacious than a typical studio (approx 540sq.ft./ea). The interiors are somewhat rustic in feel with cedar siding (imagine Big Sur in SLO), large galley kitchen, wood burning fireplace, sizeable pantry, large bathroom and each of the units has their own private back yard space. There is plenty of off-St. parking & on-site laundry for the complex. The property has been well maintained over the years and has very low turnover due to the outstanding downtown location. There is plenty of upside potential with this property, don't miss out on this very special property. Property is a Contributing Historical Property located in the Old Town Historic District.