
Nipomo, California 93444
This property presents a High-Potential Investment Opportunity with a List Price of $1,299,000—positioned above the $1,177,132 Fair Market Value. While the property requires capital for restoration, the 5-acre lot and 1,200 sq. ft. garage conversion offer significant upside for forced appreciation. With a Condition Rating of 4, the home serves as a blank canvas for value-add renovations. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a rural lifestyle project with ADU potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1360 Ohio Way Subject 3 bd · 2 ba · 1,980 sqft · $595 | $1,299,000* List Price | 3 | 2 | 1,980 | $595 | - |
A 1345 Banneker Place Sold 3 bd · 3 ba · 2,180 sqft · $578 · 0.2 mi | $1,260,000 | 3 | 3 | 2,180 | $578 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is 27 years old and described as being in 'original' condition. The listing's call for buyers to 'bring your vision' and the mention of a koi pond 'awaiting restoration' indicate the home is dated and requires cosmetic updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 1980.
Situated on approximately 5 acres of peaceful country land with mature trees and walking trails, offering exceptional privacy and a true rural lifestyle.
The property includes a 1,200 sq. ft. garage conversion with a separate entrance, providing flexible options for a guest suite, game room, or multi-generational living.
The 1,200 sq. ft. conversion is based on seller estimates, requiring buyers to perform due diligence regarding permits and official square footage verification.
Features such as the koi pond require restoration, and the property is positioned as a 'vision' project, suggesting a need for cosmetic or functional updates.
Welcome to 1360 Ohio Way, a sprawling ranch-style home with Spanish-inspired architectural touches, situated on approximately 5 acres in a peaceful Nipomo country setting. Surrounded by mature trees, this unique property offers privacy, space, and the opportunity to enjoy country living. The original 1,980 sq. ft. residence features 3 bedrooms, 2 bathrooms, and spacious living areas. An additional approximately 1,200 sq. ft. of garage conversion space, per seller, offers a separate entrance, game room, bedroom, 1.5 bathrooms, and walk-in closet, providing flexibility for a variety of uses. Outdoors, enjoy winding walking trails, approximately 15 avocado trees with automatic drip irrigation, a charming gazebo, and a decorative koi pond awaiting restoration. Additional features include a private well, ample parking, storage structures, and two separate electric meters. Buyers may explore the potential for an additional residence or ADU, subject to county approval and independent verification of zoning, permits, utilities, and development requirements. With its spacious grounds and endless possibilities, this special country property invites you to bring your vision and make it your own! Buyer to independently verify square footage, permits, and permitted uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,980 | 1,921.043 |
| Lot Size | 217,800 | 8,751.786 |
| Price | $1.30M | $1.03M |
| Price per sq ft | $656 | $516 |
| Built year | 1997 | 2002 |
| HOA | $0 | $307 |
| Days on market | 9 | 61 |
Oct 15, 2026
$1,299,000
Initial Listing