Listed by Carl Wuestehube, Tri-Star Realty,

1273 Belridge Street

Oceano, CA, 93445

$5,300,000

$5,300,000
Active
Active
 - For Sale
property_type
Land
Excellent Investment Opportunity, for Buyer or JV partner, on this prime 1.86 acres located in Oceano, CA, only 1/2 mile from the beach.The property is in the multifamily zone on the specific plan for Oceano CDP. It is located in the Opportunity Zone which has tremendous tax benefits to the Owner/Buyer. Site has all the utilities to the property and is ready for the construction of the 27 Units. SLO County has issued the Application Acceptance letter for 27 large 3 and 4 bedroom apartments each with private oversized 2 Car garage and 2 assigned parking spaces. County has authorized submission of Building and Grading Permit Applications construction will start shortly. Also we will take a 50% Joint Venture Partner. Our Construction loan is approved and JV partner will not have to sign on the construction loan.
MLS® ID:
OC22023585
Listed:
2/5/22
Updated:
7/7/22

Exterior/Building Features

Lot Size
1.77 acres lot
Lot Details
0-1 Unit/Acre

Other Property Details

Area Name
OCNO - Oceano
HOA Amenities
Curbs
Garage
No
Parking
N
View
Y
County
San Luis Obispo
Water Source
Public
Pool
No
Zoning
r3

Property History

Date
Event
Price
Value
6/27/22
Price Change
$5,300,000
-3%
6/23/22
Price Change
$5,500,000
-3%

 

Listed by Carl Wuestehube, Tri-Star Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 7/7/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 9:02 AM UTC, 7/7/22

Contact