365 Main Street, LOS ALAMOS, CA 93440, LOS ALAMOS, 93440 - 2 bed, 1 bath
ACTIVE$695,000$901/sqft
365 Main Street, LOS ALAMOS, CA 93440
2Beds
1Bath
901Sqft
10,890Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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 = 10890, living area = 901.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 10018.
Compared to the nearby listings
Price:$695.0K vs avg $749.0K ($-54,000)43%
Size:901 sqft vs avg 1,986 sqft14%
Price/sqft:$771 vs avg $37886%
More Insights
Built in 1958 (68 years old).
Condition: Built in 1958, the property is explicitly described as 'ready for a full re-envisioning,' indicating a need for substantial repairs and rehabilitation. The interior images confirm this, showing an extremely outdated kitchen with old, worn cabinets, laminate countertops, and damaged vinyl flooring. The living areas feature bare subfloor or heavily worn flooring, an old ceiling fan, and a visible wall heater. No modern updates are apparent, and the overall condition suggests significant deferred maintenance, aligning with the 'poor' category's criteria for requiring substantial repairs and rehabilitation.
Year Built
1958
Close
-
List price
$695K
Original List price
-
Price/Sqft
$771
HOA
$0
Days on market
-
Sold On
-
MLS number
25-4328
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Welcome to 365 Main Street, a rare redevelopment opportunity in the heart of Los Alamos! This 1958 cottage offers 901 square feet of living space, provided by seller, on approximately .25 acres -''just a short stroll from Bell's, the Union Hotel, Pico, and the town's vibrant food and wine scene. The existing home and barn are ready for a full re-envisioning, making this an ideal canvas for buyers looking to create something special in one of the Central Coast's most up-and-coming communities. The property runs from street to street, Main Street to Waite Street, providing access from both ends of the parcel. Remodel the existing 2-bedroom, 1-bath cottage and enjoy the spacious yard, ready for your landscaping ideas, or explore the potential for the Land Use Permit in process for future development opportunities. Whether you're an investor, builder, or someone with a vision for a custom retreat in wine country, this property offers a compelling opportunity to carve out your own space in Los Alamos.
L
Laura Drammer
Listing Agent
Price History
Date
Event
Price
03/10/23
Sold
$450,000
Condition Rating
Poor
Built in 1958, the property is explicitly described as 'ready for a full re-envisioning,' indicating a need for substantial repairs and rehabilitation. The interior images confirm this, showing an extremely outdated kitchen with old, worn cabinets, laminate countertops, and damaged vinyl flooring. The living areas feature bare subfloor or heavily worn flooring, an old ceiling fan, and a visible wall heater. No modern updates are apparent, and the overall condition suggests significant deferred maintenance, aligning with the 'poor' category's criteria for requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
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 = 10890, living area = 901.
Prime Location: Situated in the heart of Los Alamos, the property offers immediate access to the town's vibrant food and wine scene, including popular establishments like Bell's, the Union Hotel, and Pico, making it highly desirable.
Significant Redevelopment Potential: Described as an 'ideal canvas' for re-envisioning, the property presents a compelling opportunity for investors, builders, or those seeking to create a custom retreat, with a Land Use Permit in process for future development.
Dual Street Access: The parcel runs from Main Street to Waite Street, providing convenient access from both ends, which is a valuable asset for development, privacy, or logistical purposes.
Generous Lot Size: With approximately .25 acres (10,890 sqft), the property offers ample space for expansion of the existing cottage, extensive landscaping, or potential new construction, subject to local regulations.
Investment Opportunity: Positioned in one of the Central Coast's 'most up-and-coming communities,' this property is explicitly marketed as an investment opportunity with significant upside potential through renovation or redevelopment.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10890, other record lot size in square feet = 10018.
Extensive Renovation Required: The existing 1958 cottage and barn are 'ready for a full re-envisioning,' indicating that significant capital investment and effort will be required for renovation or demolition and new construction.
Small Existing Structure: The current 2-bedroom, 1-bath cottage is only 901 square feet, which is quite small and may not meet the needs of many buyers without substantial expansion or a complete rebuild.
Uncertainty of Development Permits: While a 'Land Use Permit in process' is mentioned, the approval and timeline are not guaranteed, which could introduce delays or changes to potential development plans.