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 studio"ideal 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!
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3BEDS
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0.3ACRES
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2BATHS
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01/2 BATHS
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1,100SQFT
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$635$/SQFT
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 studio"ideal 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!
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-07-17T00:29:35.693. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.