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Jill Bennett

jill@jillbennetthomes.com +1(805) 478-8448

Listed by James Gallegos Century 21 Masters

$ 575,000

Est. payment | -/mo

1 Bed

1 Bath

1,092 SqFt

Save

$ 575,000

Est. payment | -/mo

Save

1 Bed

1 Bath

1,092 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,092 sqft

Price per Sqft $526

MLS Listing ID 25001514

Bedrooms 1

Full Baths 1

Year Built 1957

Lot Size 0.558 Acres

Acres 0.56

Property Sub-Type Multi Family

Source North Santa Barbara County Regional MLS

Property Description

Unique Investment Opportunity - Zoned R2 with Future Development Potential. This is a rare opportunity for a buyer with vision and patience. Located in an area the City of Santa Maria has identified for future development, this property was previously zoned M1 and is now designated R2. The current use is grandfathered under the prior M1 zoning; however, any new use must comply with the current R2 zoning regulations. Buyers are encouraged to verify zoning and development plans directly with the City of Santa Maria. West Street is a private road. The dirt road from Thornburg is technically not a legal easement. It is an implied easement. All residence have always used the dirt road to access their properties. The lot is approximately 24,306 square feet per recent legal split (records available), though public records still reflect a larger 40,510 square foot parcel. The property includes a 1,092 square foot structure built in 1957 on a slab foundation. The building is in poor condition and may be best suited for tear-down. Utilities include city water, natural gas, and septic system. This is an excellent opportunity to invest in a transitioning neighborhood with long-term upside potential. Please note: attached is a City Map which shows the property line goes through half the road. So this means that this property owner owns part of the road. When the City decides to develop that road which will eventually go from Thornburg to Depot, there is the potential that the City may need to buy this part of the road from this property owner.

Location

State CA

County Santa Barbara

Interior

Heating None

Cooling None

Heat Source None

Laundry None

Exterior

Private Pool No

Building

Building Description Wood Siding, Wood Siding

Foundation Slab, None

Structure Type Wood Siding

Others

Senior Community No

Tax ID 117-760-012

Acceptable Financing Cash

Listing Terms Cash

North Santa Barbara County MLS (NSBCMLS)

Schools and Properties Nearby

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+1(805) 478-8448

jill@jillbennetthomes.com

1303 E Grande Ave. #123, Arroyo Grande, CA 93420, USA

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413 West ST Santa Maria, CA 93458