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1273 Belridge Oceano, CA

$4,550,000

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Property Description

27 unit apartment development opportunity with entitlements, invest $2,500,000 for 50% Joint Venture Partner or purchase said property outright with entitlements for $4,550,000 on this prime 1.86 acres located in Oceano, CA, only 1/2 mile from the beach.The property is in the multifamily zone on the specific plan for Oceano CDP. It is located in the Opportunity Zone which has tremendous tax benefits to the Owner/Buyer. Site has all the utilities to the property and is ready for the construction of the 27 Units. SLO County has issued the Application Acceptance letter for 27 large 3 and 4 bedroom apartments each with private oversized 2 Car garage and 2 assigned parking spaces. County has authorized submission of Building and Grading Permit Applications construction will start shortly. Our Construction loan is approved and JV partner will not have to sign on the construction loan and will have no liability on said loan..

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Property Information

  • Address: 1273 Belridge, Oceano, CA 93445. 
  • Price: $4,550,000 
  • Acres: 1.77 
  • MLS #: OC22023585 
  • Listing Courtesy of: Tri-Star Realty 
  • City: Oceano 
  • Postal Code: 93445 
  • County: San Luis Obispo 
  • Property Square Footage: 77015.00 

Neighborhood Information

  • Neighborhood: Oceano(350) 

Amenities

  • View: None 

Other

  • Description: 27 unit apartment development opportunity with entitlements, invest $2,500,000 for 50% Joint Venture Partner or purchase said property outright with entitlements for $4,550,000 on this prime 1.86 acres located in Oceano, CA, only 1/2 mile from the beach.The property is in the multifamily zone on the specific plan for Oceano CDP. It is located in the Opportunity Zone which has tremendous tax benefits to the Owner/Buyer. Site has all the utilities to the property and is ready for the construction of the 27 Units. SLO County has issued the Application Acceptance letter for 27 large 3 and 4 bedroom apartments each with private oversized 2 Car garage and 2 assigned parking spaces. County has authorized submission of Building and Grading Permit Applications construction will start shortly. Our Construction loan is approved and JV partner will not have to sign on the construction loan and will have no liability on said loan.. 
  • List Date: February 6, 2022 
  • Status: Active 
  • Directions: Hwy 1 North Right 13th Street Left on Belridge Street on right hand side. 

Other

  • Listing Agent State License: 00634943 
  • Listing Office State License: 00634943 

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Based on information from California Regional Multiple Listing Service, Inc. as of August 19th, 2022 at 17:47:37PM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.