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 studio—ideal for immediate rental income while planning your future build. According to… Read More 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 Obispo’s 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! Read Less
Property listed by Keller Williams Realty Central Coast, Owen Schwaegerle 805-215-5063
Listing Snapshot
Days Online
25
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,100
Lot Size
0.3 Acres
Year Built
1940
MLS Number
SC25136113
30 Days Snapshot Of 93401
$1.17M
-7%
(avg) sold price
24
-7%
homes sold
87
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Levels: One, Living area: 1100, 1 story, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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