This 1920s triplex property offers potential for renovation, investment and development, nestled in vibrant downtown San Luis Obispo with views of Cerro San Luis peak. Triplex includes: attached 2 BED/2 BA unit with attached 1-car garage, attached studio/1 BA unit, and a small detached rear studio/1 BA unit. Zoned Office (Residential on Commercial RES-NEC) and situated on a spacious 5,000 square foot lot. The backyard offers ample space and convenient additional access via an easement off Walnut St. Per the City of SLO Planning, the lot has a density allowance of at least 2.00 density units, opening the door to possibilities for expansion or redevelopment. Buyer to verify development potential with the City of SLO. This a rare opportunity to take advantage of in downtown San Luis Obispo.