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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,750,000

Est. payment - /mo

10 Beds

4 Baths

4,266 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,266 sqft

Price per Sqft $644

Subdivision San Luis Obispo(380)

MLS Listing ID SC26131654

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1901

Lot Size 0.590 Acres

Property Sub-Type Mixed Use

Property Description

An extraordinary development opportunity awaits in the heart of Downtown San Luis Obispo at 452 Higuera Street. This rare, creekside property spans two adjacent APNs and represents a premier acquisition for developers, contractors, and investors looking to capitalize on a highly prized location. While the site currently features four income-generating residential units (three 3-bedroom/1-bathroom homes and one 1-bedroom/1-bathroom home), the true value of this offering is in the land and its highest and best use as a high-density, mixed-use project. Zoned CR Retail Commercial and allowing for up to 36 density units per acre, the lot is perfectly positioned to support the City of SLO's long-term initiative for urban infill housing. Future residents will enjoy a vibrant lifestyle in the absolute center of downtown, surrounded by thriving shops, offices, and restaurants. To fast-track your development plans, a professional feasibility study by RRM Design Group has already been completed, highlighting two lucrative pathways: a boutique 11-unit luxury for-sale townhome development, or a higher-density 20-unit condo or apartment complex. Opportunities in this tightly held downtown corridor are exceptionally rare—bring your vision to this premier location and shape the future of San Luis Obispo.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Rooms

Main Level Bedrooms 10

Interior

Interior Features All Bedrooms Up

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description Level

Dwelling Type Mixed Use

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District San Luis Coastal Unified

Others

Senior Community No

Tax ID 002511017

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Farid Shahid Eighty20 Group 818-961-6508, DRE #02025653

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

452 Higuera ST San Luis Obispo, CA 93401