Charming 2-bedroom, 2-bath bungalow offers 861 sq ft of living space on a desirable R2-zoned lot, presenting a rare opportunity for future development or income-generating possibilities. Built in 1924, the home features a welcoming front porch, a private backyard with a new fence, and a convenient storage shed. Just a short walk to downtown San Luis Obispo’s shops, dining, and entertainment, and close to hiking and biking trails, Cal Poly, and public transit - this home blends vintage character with urban convenience. Whether you’re looking for a cozy residence, a rental investment, or a property with ADU or redevelopment potential, this location delivers flexibility and value in one of SLO’s most sought-after neighborhoods.