27 unit apartment development opportunity. All entitlements approved by County, invest $2,500,000 for 50% Joint Venture Partner or purchase said property outright with entitlements for $4,950,000 on this prime 1.86 acres located in Oceano, CA, only 1/2 mile from the Pismo Dunes and beach. 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 CUP for 27 large 3 and 4 bedroom apartments each with private oversized 2 Car garage and 2 assigned parking spaces. Building and Grading Permit Applications in process.
- Price:
- $4,950,000
- Acreage:
- 1.77
- Listing ID #:
- OC23023786
- Street Address:
- 1273 Belridge St
- City:
- Oceano
- State:
- California
- Postal Code:
- 93445
- County:
- San Luis Obispo
- Community:
- Oceano
- Subdivision:
- Oceano(350)
- Listing Status:
- Active
- Listing Type:
- Land
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- R3
- Lot Features:
- 0-1 Unit/Acre
- Lot Size:
- 77015
- Lot Square Footage:
- 77015
- Community Features:
- Curbs
- On Market Date:
- 2023-02-10
- Originating Mls:
- Crmls
- Terms:
- Cash, Cash To New Loan, Conventional, 1031 Exchange
- Subdivision:
- Oceano(350)
- Existing Water:
- Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Carl Wuestehube 714-791-6026 with Tri-Star Realty
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