Exciting opportunity in downtown San Luis Obispo. Explore the potential of this 7500 sq ft parcel in R-3 zoning at 389 Pismo St. The property features a charming 2-bedroom, 1-bath Spanish style bungalow with a cozy living room featuring a gas fireplace, a separate dining area, and a spacious kitchen with laundry facilities. The side of the home is lined with lemon, apple, and plum trees, while a delightful koi pond graces the backyard. Additionally, a 518 sq ft studio with a full bath and kitchen presents an enticing prospect for generating passive income. Completing the property is a detached oversized 2-car garage. Contact your preferred Realtor today to seize the chance to consider the possibilities for this distinctive property situated in a prime location.