Single-family home
Listing Agent: Owen Schwaegerle (DRE #02040597) · Listing Office: Keller Williams Realty Central Coast · Contact: 805-215-5063 · Bought with: Owen Schwaegerle · Keller Williams Realty Central Coast · MLS #SC25136113 · Source: CRMLS
Presenting a rare 12,949± SF lot zoned R-2-S (Medium-Density Residential), perfectly positioned for redevelopment or investment. This generous parcel currently features a charming 3-bedroom, 1-bath, 1,260± SF home along with a detached garage that includes an unpermitted guest studio—ideal for immediate rental income while planning your future build. According to city zoning guidelines (SLO Municipal Code Section 17.18.020), the lot allows for up to 4 residential units (or potentially 8 studio units based on density unit calculations in Section 17.70.040). Additional density bonuses may be available to maximize development potential. Property recently appraised for $875,000! This is a unique chance to secure a sizable infill lot with flexible development options in one of San Luis Obispo’s growth corridors. Whether you're an investor, builder, or developer, this property offers substantial upside potential in a strong rental and housing market. Contact us today for more details!
Listing description from the November 2025 sale, as reported to CRMLS.