Charming 2 bedroom, 1 bath home built in 1928 located near the heart of downtown San Luis Obispo and just a stone's throw from Cal Poly. Nestled on a spacious 7,250 square foot R2 lot, this property offers a perfect blend of historic appeal and future potential, making it an ideal for those looking to add an ADU or further develop the space. The home has retained a lot of its vintage allure with an inviting sunroom, original Douglas fir wood floors throughout, and a bright and sunny kitchen exuding the timeless elegance of the 1920s. Completing the space is an expansive basement area with laundry perfect for additional storage, your wine collection or projects. The home has been very well maintained and features a new roof, new paint, newer sewer lateral and newer driveway with pavers to the backyard leading to a nice patio with pergola. The drought-tolerant, pollinator front yard is a riot of color in the spring and Meyer lemon, orange and lime trees thrive in the beautiful Central Coast weather. The rest of the large backyard is a blank canvas with endless possibilities, whether you envision a lush garden, a peaceful retreat or an area to add additional living space. All of this is ideally located near shops, restaurants, and parks. Don’t miss this exceptional opportunity!