781 Los Osos Valley Road, Los Osos, California 93402, Los Osos, 93402 - 0 bed, 0 bath
Loading property details...
781 Los Osos Valley Road
Los Osos, California 93402
ACTIVE
CONDITION: POOR
0Beds
0Baths
575Sq Ft
19,293Lot Size
Property Price
LIST PRICE$500,000
SUMMARY
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!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
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
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1960
- Lot Size
- 19,293 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Feb 26, 2026
$500,000
Initial Listing
Price Change
Dec 17, 2024
$700,000
Initial Listing