Greg Malik Real Estate

Description

MULTI Family zoned property .... Development potential abounds here! Older 1 bed 1 bath home on a 4500 sqft R2 lot being sold with the rear R2 lot also 50 x 90. R2 zoning allows a maximum of 15 units per acre. ( See county regs for guidelines) Combine the lots and get the alley access abandoned to create one large 9000 sqft R2 parcel. Consider the possibility of doing a small 3 unit PUD development. Maybe build out each individually ... both have street frontage. The upper back lot (APN 062-041-016 ) has a great elevation and potential for ocean and dune views. West facing for sunset views too. Go look at 1505 15th street and see what might be possible. Also look at 1531 15th ... lots going on in the neighborhood! Primary value is in the land. Home being sold as-is and has no substantive value. Tenant pays $950 rent and would be happy to stay. Home is serviced by private well on this property. No rating or GPM data is available. Farm Supply serviced tank, pressure gauge , pumps and electrical one year ago. Square footage and age of home are approximated and not confirmed. Buyer to satisfy themselves on those issues.

Details

MLS#SP18159983
StyleHouse
Sub-TypeResale
StatusActive
Year1949
Days On Site167

Features

Bed(s)1
Bath(s) 1 Full
SQ Feet800
Garage1
Story(s)1 Story
Acreage0.21
Property ViewYes

Market Activity 93445

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Area Information

StateCA
CountySan Luis Obispo
CityOceano
Zip Code93445
AreaOCNO - Oceano
Community NameOceano(350)
School DistrictLucia Mar Unified
Listing VS Median (in Oceano(350))
Price:
$495,000
low | high
Med:
$432,000
62.727272727273% of Average
SqFt:
800
low | high
Med:
1,402
25.1875% of Average
$ / SqFt:
$619
low | high
Med:
$308
100% of Average
On Site:
167
low | high
Med:
5.500000
100% of Average
Listing Updated: 12/16/2018
MLS Number: SP18159983
Listing Provided By:
Diane Hansen  of  Keller Williams Realty Central Coast
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