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, this property is explicitly described as needing a 'full re-envisioning.' The images confirm this, showing an extremely outdated kitchen with original-era wood cabinets, old appliances, worn countertops, and patterned wallpaper. The flooring throughout the living areas appears to be bare subfloor or severely worn linoleum, indicating a need for complete replacement. While the structure may not be entirely beyond repair, it requires substantial rehabilitation, including major updates to all systems, finishes, kitchen, and bathroom, making it uncomfortable to live in its current state. The dilapidated barn further contributes to the overall poor condition.
Year Built
1958
Close
-
List price
$695K
Original List price
-
Price/Sqft
$771
HOA
$0
Days on market
-
Sold On
-
MLS number
V1-33681
Home ConditionPoor
Features
Good View:
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, this property is explicitly described as needing a 'full re-envisioning.' The images confirm this, showing an extremely outdated kitchen with original-era wood cabinets, old appliances, worn countertops, and patterned wallpaper. The flooring throughout the living areas appears to be bare subfloor or severely worn linoleum, indicating a need for complete replacement. While the structure may not be entirely beyond repair, it requires substantial rehabilitation, including major updates to all systems, finishes, kitchen, and bathroom, making it uncomfortable to live in its current state. The dilapidated barn further contributes to the overall poor condition.
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 exceptional walkability to renowned establishments like Bell's, the Union Hotel, and Pico, placing it at the center of the town's vibrant food and wine scene.
Redevelopment Opportunity: Described as a 'rare redevelopment opportunity' and an 'ideal canvas,' this property is perfect for investors, builders, or those with a vision to create a custom retreat, with potential for future development opportunities via a Land Use Permit in process.
Generous Lot Size: The approximately .25-acre lot (10,890 sqft) provides ample space for expansion of the existing cottage, extensive landscaping, or potential for further development, a significant asset in a desirable area.
Dual Street Access: Running from Main Street to Waite Street, the parcel offers convenient access from both ends, enhancing flexibility for design, parking, and potential future subdivision or development strategies.
Emerging Community: Located in one of the Central Coast's 'most up-and-coming communities,' Los Alamos offers strong potential for property value appreciation and a desirable lifestyle in a growing wine country destination.
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.
Significant Renovation Required: The existing 1958 cottage and barn are explicitly stated as needing a 'full re-envisioning,' indicating that substantial investment and effort will be required beyond the purchase price to modernize or expand the property.
Small Existing Living Space: With only 901 square feet of living space, the current 2-bedroom, 1-bath cottage is quite small, which may not meet the needs of buyers seeking a larger home without significant expansion or a complete rebuild.
Age of Structure: Built in 1958, the cottage is an older property, suggesting that it likely features outdated systems, finishes, and potential for deferred maintenance, which will contribute to the overall cost and complexity of any renovation project.