13
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Listed by Sandy Bean • Oceanside International Real E
$499,950
Est. payment /mo
1.23 Acres Lot
New
1250 Los Olivos AVE Los Osos, CA 93402
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC25168371
Lot Size 1.230 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
This parcel is #9 on the Los Osos RMF Building List, for 23 homes (& parcel adjacent, #8 for 20 homes). They are the BEST priced CRMLS-listed Residential Multi Family zoned (RMF), potentially developable properties in Coastal SLO County today (7.25.2025), ocean-side from Nipomo to Ragged Point. This PRIME Coastal location is: 1) Steps from downtown shopping & restaurants in bayside Los Osos. 2) Centrally located between Los Angeles & San Francisco, & loaded with affordable housing options 3) On the same bay and adjacent to the City of Morro Bay. 4) A few minutes South from Cayucos, Cambria, & San Simeon (gateway to Big Sur), and a few minutes North of San Luis Obispo & Pismo Beach. Since apx. 1988, most of Los Osos has been under a building moratorium. For the first time, construction is moving forward. See Tribune Article pdf (on Virtual Tour). During the past 40 years, due to public demand, low construction costs, and reliable storage rental income, many coastal properties zoned RMF, were developed into storage complexes, contributing to current shortages in RMF Zoning for homes, County-wide. Although there are many properties zoned for multi-use, (which also allow residential) there are currently only a total of 8 other RMF zoned properties listed RMF in CRMLS, SLO
Location
State CA
County San Luis Obispo
Area Osos - Los Osos
Zoning D5,GSL,LZ,LSR,PAV
Exterior
Utilities Available Electricity - On Site, Telephone - Not On Site
View Hills, Local/Neighborhood, Valley
Building
Lot Description Grade - Gently Sloped, Paved
Others
Tax ID 074293016
Special Listing Condition Not Applicable
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