1042 Olive Street, San Luis Obispo, CA 93405

Property Description

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?

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1042 Olive Street
City San Luis Obispo
State CA
Zip 93405
County San Luis Obispo
Listing Agent Matt Sansone DRE #01956847
Courtesy Of Compass
List Price $1,490,000
Status Active
Type Land
Structure Size N/A
Lot Size 22,500

Listing information courtesy of: Matt Sansone, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.