781 Los Osos Valley Road, Los Osos, California 93402, Los Osos, 93402 - 0 bed, 0 bath
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Los Osos, California 93402
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.
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.
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.
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.
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.
The buyer is responsible for paying all final SLO County Permit Fees, which represents a significant additional capital requirement beyond the acquisition price.
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.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 575 | 946 | 50% |
| Lot Size | 19,293 | 11,389 | 50% |
| Price | $500.0K | $612.5K | 50% |
| Price per sq ft | $870 | $710 | 50% |
| Built year | 1960 | 1974 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 491 | 267 | 0% |
Feb 26, 2026
$500,000
Initial Listing
Dec 17, 2024
$700,000
Initial Listing