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$ 4,900,000
Est. payment | /mo
1.81 Acres Lot
$ 4,900,000
Est. payment | /mo
1.81 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Oceano(350)
MLS Listing ID PI24016331
HOA Y/N No
Lot Size 1.810 Acres
Property Description
Introducing 1273 Belridge: A golden opportunity awaits with this 27-unit apartment development, boasting all entitlements approved by the County. Nestled in the prime Opportunity Zone, this property offers 27 expansive 3 and 4-bedroom apartments, each complemented by a private oversized 2-car garage and 2 assigned parking spaces. The journey begins with a Conditional Use Permit already in hand, signaling the commencement of demolition on February 1st, 2024. Following swiftly is the grading and construction phase, culminating in the completion of the building by December 20, 2025. Seize this rare chance to become the proud Owner/Buyer and enjoy substantial tax benefits. Don't miss out – inquire with your Realtor for comprehensive details provided in the attached Timelines & Approvals.
Location
State CA
County San Luis Obispo
Area Ocno - Oceano
Zoning Multi
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N No
View None
Building
Lot Description 11-15 Units/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 062271013
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Robert Mariani • Mariani Realty • 805-459-2324
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Justin & Jessica Bouzane
Broker Associate | Lic# 01905244