Nestled on a versatile R2-sized lot, this charming two-bedroom, one-bathroom residence offers a rare 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, the open floor plan is warm and inviting, featuring a cozy brick fireplace in the living room. Large windows fill the space with natural light, enhancing the bright and airy feel. The kitchen is designed for both style and function, boasting bar seating, stainless steel appliances, and ample counter space. Wood laminate flooring runs throughout the home for a modern yet comfortable touch. Conveniently located near downtown San Luis Obispo, you'll have easy access to top-rated restaurants, boutique shopping, schools, parks and renowned wineries. This property presents a rare chance to invest, build, or curate a private oasis in an exceptional location.