Property Detail

1230 Los Olivos

Los Osos CA 93402

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$534,950

Status: Active

Property Details

Description

When Coastal Land is gone, it's gone. That's why beach home prices are sky high. Build slowly, and end up with a FREE Coastal Home or more. MOTIVATED Sellers are GIVING away these 2 lots (adjacent is listed too)!!! Except 1 in Cambria, these 2 lots are the BEST priced CRMLS-listed BUILDABLE NOW Residential Multi Family zoned (RMF) lots (6.7.26) by the beach between Sta. Barbara & Monterey County lines, AND there are only 11 CRMLS RMF ZONED COASTAL LOTS LISTED (6/7/26) TODAY!! TOO GOOD TO BE TRUE? It's true! LOOK at all stats. Listed at less than 1/2 price (per acre) of ALL CRMLS SOLD or Pending COASTAL SLO land (6/7/26-last 6 mo), all zonings, -5 acres, BUT these are RMF. RARE zoning today, AND the BEST for home construction, and loans. Once these are gone, they can't be replaced at less than over $1 million to $4 million each acre. And YES. YOU CAN VERIFY buildability before close of escrow. NOT all 43 homes ASAP, but perhaps 7 each year. After a nearly 40 yr Moratorium, NOW is time for these 2 Properties. Have Build Letter and Water Will-Serve Letter. This one is: A) #8 (23 homes on the LO RMF Build list): The Adjacent is: B) #9 (20 homes on the Build list). Los Osos construction is moving forward, SLOWLY. See Tribune Article pdf (w/info links) on VirtualTour: LosOsosLots.com . A) If a lot isn't on the build list, it may not be possible to add it. B) The list number determines how soon a property can build. Large # may take 10+ yrs. THESE WERE IN ESCROW. Buyer wanted 70 homes ASAP. BONUS: Possible peek of Morro Rock from 2-story on north portion of property. One Seller is RE Licensee.

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