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**INVESTORS AND DEVELOPERS** 0.5-acre lot with 2 HOMES, both consisting of 2 bedrooms and 1 bathroom! Situated in a prime location and zoned recreational, this property offers a multitude of possibilities. The two existing homes do require some tender loving care (TLC), their potential is boundless. Alternatively, for those with grander ambitions, the option to develop 7 units awaits. With the appropriate permits and vision, this lot could be transformed into a thriving community hub. Whether you choose to add accessory dwelling units (ADUs) to the existing homes or embark on a larger-scale development project, the profit potential is immense. Adding to the appeal of this property is its location amidst a neighborhood of newly developed homes. As the area continues to grow and evolve, seize this opportunity to capitalize on the real estate market in San Miguel! Whether you're a seasoned investor or a budding developer, this property offers endless possibilities for growth and success. Schedule a viewing today and unlock the potential of this remarkable investment opportunity!
Property Type(s):
Residential Income
| Last Updated | 8/13/2024 | Year Built | 1950 |
|---|---|---|---|
| Community | San Miguel | County | San Luis Obispo |
Price History
| Prior to Aug 13, '24 | $650,000 |
|---|---|
| Aug 13, '24 - Today | $625,000 |
Additional Details
| AREA | San Miguel |
|---|---|
| CONSTRUCTION | Concrete, Plaster, Wood Siding |
| GARAGE | Attached Carport, Covered, Driveway, Driveway Level, Gravel |
| HEAT | Propane, Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Attic, Beamed Ceilings, Bedroom on Main Level, Unfinished Walls, Unfurnished |
| LOT | 0.5 acre(s) |
| LOT DESCRIPTION | 6-10 Units/Acre, Back Yard, Corner Lot, Flag Lot, Level, Rectangular Lot, Street Level, Value In Land, Yard |
| PARKING | Attached Carport,Covered,Driveway Level,Driveway,Gravel |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Ranch |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Available,Propane,Phone Available,Sewer Connected,Water Connected,Overhead Utilities, Electric: Electricity - On Property |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood,Trees/Woods |
| WATER | Public |
Location
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Listed with Invest SLO
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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