1.18 Acres Lot
1.18 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Central Business District
MLS Listing ID SC25168358
HOA Y/N No
Lot Size 1.180 Acres
Lot Dimensions Assessor
Property Description
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 Coastal County-wide as of 7/25/2025. Other zonings may require construction of commercial units, as well as residential, and may restrict financing. Lowest rates & best terms may be limited to Residential or RMF zonings.
Buyer to verify zoning development requirements & details (including building permit issuance timing) with SLO County Planning, and financing with lending institutions.
IMPORTANT NOTE to check with SLO County Planning:
Due to habitat conservation & sensitive natural resources, the Los Osos Development Plan is VERY conservative. A) If a property is not on the building list yet, it may not be possible to add it to a building list. B) The number the property has on the building list will determine how soon the property may be developed. Properties with large numbers may take 10+ years.
1230 Los Olivos (corner parcel) is owned by the Listing Broker (RE Licensee), & includes an old well, permitted for landscaping water usage. Some Reports completed & available. Shed will be removed.
Location
State CA
County San Luis Obispo
Area Osos - Los Osos
Zoning RMF
Interior
Fireplace No
Exterior
Community Features Biking, Fishing, Golf, Hiking, Horse Trails, Stable(s), Preserve/Public Land, Rural, Water Sports, Park
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View Hills, Neighborhood, Valley
Present Use Multi-Family
Building
Lot Description 16-20 Units/Acre, Corner Lot, Gentle Sloping, Lot Over 40000 Sqft, Near Park, Near Public Transit, Paved, Rectangular Lot, Sloped Up
Sewer Public Sewer, Sewer Assessment(s)
New Construction No
Others
Senior Community No
Tax ID 074293015
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
