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The Warburton Team Brokered By EXp

The Warburton Team

andreww@gowpnow.com +1(626) 630-2141

$699,000

Est. payment - /mo

3 Beds

2 Baths

1,100 SqFt

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OPEN HOUSE

Sat Jun 28, 11:30am - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $635

Subdivision San Luis Obispo(380)

MLS Listing ID SC25136113

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1940

Lot Size 0.298 Acres

Property Sub-Type Single Family Residence

Property 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 Obispo's 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!

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Rooms

Main Level Bedrooms 3

Interior

Interior Features All Bedrooms Down

Cooling None

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Pool None

Community Features Biking

View Y/N Yes

View Hills

Private Pool No

Building

Lot Description 0-1 Unit/Acre, 2-5 Units/Acre, 6-10 Units/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 004601074

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by Owen Schwaegerle Keller Williams Realty Central Coast 805-215-5063

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3280 Rockview PL San Luis Obispo, CA 93401