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1273 Belridge Street

Oceano, CA 93445
  • $4,750,000
  • STATUS: Active
  • ON SITE: 234 Days
  • ID#: OC22023585
UPDATED: 15 min ago
$4,750,000
  • 0
    BEDS
  • 1.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Carl Wuestehube of Tri-Star Realty (800-621-4258)


Description

27 unit apartment development opportunity with entitlements, invest $2,500,000 for 50% Joint Venture Partner or purchase said property outright with entitlements for $4,550,000 on this prime 1.86 acres located in Oceano, CA, only 1/2 mile from the beach.The property is in the multifamily zone on the specific plan for Oceano CDP. It is located in the Opportunity Zone which has tremendous tax benefits to the Owner/Buyer. Site has all the utilities to the property and is ready for the construction of the 27 Units. SLO County has issued the Application Acceptance letter for 27 large 3 and 4 bedroom apartments each with private oversized 2 Car garage and 2 assigned parking spaces. County has authorized submission of Building and Grading Permit Applications construction will start shortly. Our Construction loan is approved and JV partner will not have to sign on the construction loan and will have no liability on said loan..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T20:40:37.697. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/125441203
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1273 Belridge Street Oceano, CA 93445

  • Price: $4,750,000
  • Status: Active
  • On Site: 234 Days
  • Updated: 15 min ago
  • ID#: OC22023585
0
Beds
0
Baths
0
½ Baths
1.77
Acres
Neighborhood:
Oceano(350)
County:
San Luis Obispo
Area:
OCNO - Oceano
Property Description
27 unit apartment development opportunity with entitlements, invest $2,500,000 for 50% Joint Venture Partner or purchase said property outright with entitlements for $4,550,000 on this prime 1.86 acres located in Oceano, CA, only 1/2 mile from the beach.The property is in the multifamily zone on the specific plan for Oceano CDP. It is located in the Opportunity Zone which has tremendous tax benefits to the Owner/Buyer. Site has all the utilities to the property and is ready for the construction of the 27 Units. SLO County has issued the Application Acceptance letter for 27 large 3 and 4 bedroom apartments each with private oversized 2 Car garage and 2 assigned parking spaces. County has authorized submission of Building and Grading Permit Applications construction will start shortly. Our Construction loan is approved and JV partner will not have to sign on the construction loan and will have no liability on said loan..
Exterior Features

Lot Features 0-1 Unit/Acre View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Land Lease YN No Listing Agreement Seller Reserved Listing Service Limited Service Listing Terms CashCash To New LoanConventional1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T20:40:37.697. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Carl Wuestehube of Tri-Star Realty (800-621-4258)