$ 1,490,000
1042 Olive ST San Luis Obispo, CA 93405
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,490,000
Est. payment /mo
Active
1042 Olive ST San Luis Obispo, CA 93405
0.52 Acres Lot
UPDATED:
09/30/2024 06:02 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24148702
HOA Y/N No
Lot Size 0.516 Acres
Property Description
Shovel ready and entitled mixed use development project in the heart of San Luis Obispo! This half acre lot will be host to 15 residential units and 3 commercial condominiums. The site is centrally located approximately one half mile to Downtown and one mile to the Cal Poly campus. This project could be a great fit for a developer looking to build and sell or an investor looking for long-term hold. In addition to the three commercial units at the ground floor, the plans call for 3 income restricted studio units, 10 open market two bedroom, two bath units and 2 penthouse units featuring two beds, two and a half bathrooms and generous living spaces. The final map is under review and then permits are ready to be pulled - what are you waiting for?
Location
State CA
County San Luis Obispo
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Building
Lot Description 31-35 Units/Acre
Story 4
Water See Remarks
Others
Tax ID 001112006
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Matt Sansone • Compass • [email protected]
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