San Luis Obispo, CA 93405,1042 Olive ST
San Luis Obispo, CA 93405,1042 Olive ST
San Luis Obispo, CA 93405,1042 Olive ST
San Luis Obispo, CA 93405,1042 Olive ST
San Luis Obispo, CA 93405,1042 Olive ST
San Luis Obispo, CA 93405,1042 Olive ST
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$ 1,490,000
Est. payment | /mo

0.52 Acres Lot


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$ 1,490,000
Est. payment | /mo
Save

0.52 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC24171845

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

Zoning CT

Interior

Fireplace No

Exterior

Community Features Sidewalks

View Y/N Yes

View City Lights

Building

Lot Description 31-35 Units/Acre

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 001112006

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Matt Sansone • Compass • Matt@MattSansone.com

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1042 Olive ST