1042 Olive Street, San Luis Obispo CA, 93405

Active

1042 Olive Street

San Luis Obispo CA, 93405

$1,490,000

$66.22 per sqft

Active

0.52 Acres

Land

Listed by Matt Sansone with Compass [email protected]

Shovel ready and entitled mixed use development project in the heart of San Luis Obispo! This half acre lot will be host to 15 residential units and 3 commercial condominiums. The site is centrally located approximately one half mile to Downtown and one mile to the Cal Poly campus. This project could be a great fit for a developer looking to build and sell or an investor looking for long-term hold. In addition to the three commercial units at the ground floor, the plans call for 3 income restricted studio units, 10 open market two bedroom, two bath units and 2 penthouse units featuring two beds, two and a half bathrooms and generous living spaces. The final map is under review and then permits are ready to be pulled - what are you waiting for?

SC24171845

MLSⓇ ID

September 20, 2024

Listed

October 4, 2024

Updated

Map

1042 Olive Street
San Luis Obispo CA, 93405

Exterior/Building Features

Lot Size: 0.52 Acres
Lot Features: 31-35 Units/Acre

Other Property Details

Area Name: 699 - Not Defined
Garage: No
View: Yes
View Description: City Lights
County: San Luis Obispo
Water Source: See Remarks
Pool: No
Zoning: CT

Listing Contact: 805-782-6000

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/4/2024 at 2:06 AM UTC