165 165 Leslie Street, Los Alamos, CA 93440, Los Alamos, 93440 - 2 bed, 1 bath
165 165 Leslie Street
Los Alamos, CA 93440
Property Price
SUMMARY
Analysis of 165 165 Leslie Street, Los Alamos, CA 93440 is currently available with a list price of $1,150,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Alamos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1900, the property features an 'authentic older farmhouse' and 'older structures' that, according to the listing's own analysis, 'likely necessitate extensive renovation, modernization, or potential demolition.' The images confirm the structures are very rustic, weathered, and appear to be in significant disrepair, consistent with a property that has not undergone major renovations in many decades. The property's value is clearly centered on the land and its development potential, not the existing unlivable structures.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60112, living area = 792.
- Multi-Parcel Offering & Expansive Lot
Comprises three adjacent legal parcels totaling 1.38 acres, providing significant land and development flexibility for various uses.
- Flexible C-3 Zoning
Highly versatile C-3 zoning permits a wide array of commercial uses, residential development, or mixed-use projects, maximizing investment potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =60112, other record lot size in square feet = 19166.
- Age and Condition of Existing Structures
Built in 1900, the 'older structures' (farmhouse and barn) likely necessitate extensive renovation, modernization, or potential demolition, incurring significant capital expenditure.
- Limited Current Residential Space
The existing 792 sqft farmhouse is small for a property of this scale, suggesting that any substantial residential use would require significant expansion or new construction.
About 165 165 Leslie Street
Unique Los Alamos Opportunity. Looking for land with character & vintage charm in Los Alamos? This rare offering includes three adjacent legal parcels (APNs 101-141-002, 101-100-052, 101-141-003) totaling 1.38 acres, all zoned C-3. Together, they create a versatile corner property with older structures & multiple possibilities. The property features an authentic older farmhouse and a workshop barn space, along with a third open parcel, perfect for future development or expansion. The land is fenced, backs to a vineyard with stunning views, & benefits from flexible C-3 zoning that allows for a wide range of commercial uses. Currently, the property is rented as a contractor's storage yard, offering income potential while you design your special project. Whether you envision a small commercial development or even a small in-town farm for animals and crops, this property offers some fun possibilities in a rural location. Located in the popular town of Los Alamos, you're just minutes to Los Olivos, the Santa Ynez Valley wine country, Santa Maria, & the beaches of Santa Barbara's coast. A rare chance to own three parcels in one of the Central Coast's most sought-after communities. Easy to show. Don't miss this opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 60,112.801 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 792 | 1,731 | 11% |
| Lot Size | 60,112.801 | 10,019 | 89% |
| Price | $1.15M | $879.0K | 89% |
| Price per sq ft | $1.5K | $420 | 89% |
| Built year | 1900 | 1997 | 11% |
| HOA | $0 | $50 | 44% |
| Days on market | 153 | 211 | 33% |
Pricing History
Listed for Sale
Jan 30, 2026
$1,150,000
$1,200,000
-4% Price Drop
Initial Listing
Price Change
Oct 5, 2025
$1,200,000
Initial Listing
Sold
May 19, 2017
$725,000
Public Record
Sold
Jun 7, 2012
$192,000
Public Record
Sold
Jan 6, 2004
$375,000
Public Record
Sold
Oct 28, 1999
$100,000
Public Record