This property presents an outstanding investment opportunity near Cal Poly, offering versatile R4 zoning for a range of development options. The existing 2-bedroom, 1-bath, 826 sq. ft. home, originally built in 1915, boasts charming hardwood floors and updated electrical as of last year. Development possibilities include retaining the current home and demolishing the garage to create space for one or two additional dwellings, or possibly redeveloping the entire lot. The zoning could allow for up to four 2-bedroom units or three larger units with four or more bedrooms. Ideally located near downtown San Luis Obispo, with easy access to transportation, dining, and shopping and within walking distance to Cal Poly. Buyers should verify all possibilities with the City to fully capitalize on this property's potential!