$475,000
$565,000
15.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,591 SqFt
SOLD DATE : 05/12/2025
Key Details
Sold Price $475,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,591 sqft
Price per Sqft $298
MLS Listing ID PI24072234
Sold Date 05/12/25
Bedrooms 4
Full Baths 2
Construction Status Building Permit
HOA Y/N No
Year Built 1950
Lot Size 0.500 Acres
Property Sub-Type Single Family Residence
Property Description
**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!
Location
State CA
County San Luis Obispo
Area Smig - San Miguel
Rooms
Main Level Bedrooms 2
Interior
Interior Features Beamed Ceilings, Breakfast Area, Unfurnished, Unfinished Walls, All Bedrooms Down, Attic, Bedroom on Main Level
Heating Propane, Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Attached Carport, Covered, Driveway Level, Driveway, Gravel
Fence None
Pool None
Community Features Biking
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Propane, Phone Available, Sewer Connected, Water Connected, Overhead Utilities
View Y/N Yes
View Neighborhood, Trees/Woods
Roof Type Asphalt
Accessibility Parking
Porch Concrete, Covered, Front Porch
Private Pool No
Building
Lot Description 6-10 Units/Acre, Back Yard, Corner Lot, Flag Lot, Front Yard, Level, Rectangular Lot, Street Level, Value In Land, Yard
Faces North
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Construction Status Building Permit
Schools
School District San Miguel Joint Union
Others
Senior Community No
Tax ID 021401008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Private
Special Listing Condition Standard
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Bought with Stacia Shepherd • eXp Realty of Greater Los Angeles, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "