Nestled on a versatile R2-sized lot, this charming two-bedroom, one-bathroom residence offers an exceptional opportunity to create, expand, or invest in one of San Luis Obispo's most sought-after locations. Whether envisioning an ADU, a lot split, or a thoughtfully reimagined retreat, the possibilities here are as expansive as the setting itself. Inside, recent updates blend modern style with timeless charm. The open floor plan is warm and inviting, featuring a cozy brick fireplace in the living room and large windows that bathe the space in natural light. The kitchen has been refreshed with updated countertops, stainless steel appliances, freshly painted cabinets, and bar seating, creating a stylish yet functional gathering space. Throughout the home, beautiful vinyl plank flooring enhances the seamless flow, while the bathroom boasts tasteful updates, including elegant tile flooring. Conveniently located near downtown San Luis Obispo, this home offers easy access to top-rated restaurants, boutique shopping, schools, parks, and renowned wineries. Whether you're looking to invest, build, or curate a private oasis, this property presents a rare and exciting opportunity in an exceptional location.