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$ 699,000
Est. payment | /mo
3 Beds
2 Baths
1,100 SqFt
$ 699,000
Est. payment | /mo
3 Beds
2 Baths
1,100 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $635
Subdivision San Luis Obispo(380)
MLS Listing ID SC25136113
Bedrooms 3
Full Baths 2
Year Built 1940
Property Sub-Type Detached
Property Description
Presenting a rare 12,949 SF lot zoned R-2-S (Medium-Density Residential), perfectly positioned for redevelopment or investment. This generous parcel currently features a charming 3-bedroom, 1-bath, 1,260 SF home along with a detached garage that includes an unpermitted guest studioideal for immediate rental income while planning your future build. According to city zoning guidelines (SLO Municipal Code Section 17.18.020), the lot allows for up to 4 residential units (or potentially 8 studio units based on density unit calculations in Section 17.70.040). Additional density bonuses may be available to maximize development potential. Property recently appraised for $875,000! This is a unique chance to secure a sizable infill lot with flexible development options in one of San Luis Obispos growth corridors. Whether you're an investor, builder, or developer, this property offers substantial upside potential in a strong rental and housing market. Contact us today for more details!
Location
State CA
County San Luis Obispo
Direction Take Broad Street to Rockview.
Interior
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
View Mountains/Hills
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 004601074
Special Listing Condition Standard
Listed by Owen Schwaegerle Keller Williams Realty Central Coast
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