781 Los Osos Valley Road, Los Osos, California 93402, Los Osos, 93402 - bed, bath
781 Los Osos Valley Road
Los Osos, California 93402
Property Price
SUMMARY
Analysis of 781 Los Osos Valley Road, Los Osos, California 93402 is currently available with a list price of $500,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Osos 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 extensive renovation needed.
The existing 575 sq. ft. structure, built in 1960, is extremely dated with original-style cabinetry, basic commercial-grade carpeting, and fluorescent lighting. While currently functional as a small office rental, the kitchen and bathroom facilities are primitive and show significant signs of age. The property is being marketed primarily as a development site for a 4-unit complex, suggesting the current building is a temporary fixture with minimal residual value compared to the land.
PROSSTRENGTHS & OPPORTUNITIES
- Development Ready
The property is a 'ready to build' opportunity with approved plans for a 4-unit apartment or condo complex, significantly reducing the time and risk associated with the entitlement process.
- Immediate Cash Flow
An existing 575 sq. ft. commercial office building currently generates $1,200 per month in rental income, providing immediate revenue to offset holding costs during the development phase.
- Substantial Value Proposition
With a significant price reduction from $700,000 to $500,000 and a large 19,440 sq. ft. R-2 zoned lot, this property offers a highly competitive entry point for multifamily investors.
CONSRISKS & DEFICIENCIES
- Additional Permit Costs
The buyer is responsible for paying all final SLO County Permit Fees, which represents a significant additional capital requirement beyond the acquisition price.
- Aging Infrastructure
The existing structure was built in 1960 and is limited in size, likely requiring demolition or integration into new construction to maximize the site's R-2 zoning potential.
About 781 Los Osos Valley Road
Large R-2 Residential Multifamily lot- 180 x 107 / 19,440 sq.ft. with approved plans for a 4-unit Apartment Complex/Condo project "READY TO BUILD!"- Comes with an existing 575 sf Commercial Office building that is currently rented out for $ 1,200.00 per month. Buyer to pay all final SLO County Permit Fee's!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1960
- Lot Size
- 19,293 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1960 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 26, 2026
$500,000
Initial Listing
Price Change
Dec 17, 2024
$700,000
Initial Listing