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Key Details
Sold Price $370,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Grover Beach (330)
MLS Listing ID PI23097856
Sold Date 07/03/23
HOA Y/N No
Lot Size 7,775 Sqft
Property Description
7,750 CR-2 Lot with ALL UTILITES CONNECTED. Calling all investors and developers. The seller has entitled plans for a 4-8 unit development. In 2016, this property had an existing home on the lot, making it READY TO BUILD. With the property's zoning, the potential to build multiple units exists, making it an excellent investment opportunity for those seeking to maximize their return or expand their real estate portfolio. The Coastal Medium Density Residential Zone allows for small-lot detached and attached multiunit residential dwellings, with a density limit of NINE units per acre. Option to build 2 single-family residences and 2 ADU's. Please note, the lot next door at 456 Longbranch is also offered for sale, giving investors the opportunity to BUILD UP TO EIGHT UNITS (check with the panning dept) combined with both lots. Conveniently located in Grover Beach, this home offers easy access to local amenities, schools, parks, and the stunning California coastline. With its prime location and limitless potential, 480 Longbranch Ave presents a rare opportunity to create your own vision of coastal living.
Location
State CA
County San Luis Obispo
Area Grvc - Grover Beach
Zoning CR2
Interior
Fireplace No
Exterior
Fence Chain Link, Wood
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description 6-10 Units/Acre, Flat
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 060265021
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Kyle Perhac • Keller Williams Realty Central Coast
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692