1042 Olive Street

San Luis Obispo, CA 93405

$1,490,000
Price
22,500 / 0.52
Lot Size / Acres

Description

Shovel ready and entitled mixed use development project in the heart of San Luis Obispo! This half acre lot will be host to 15 residential units and 3 commercial condominiums. The site is centrally located approximately one half mile to Downtown and one mile to the Cal Poly campus. This project could be a great fit for a developer looking to build and sell or an investor looking for long-term hold. In addition to the three commercial units at the ground floor, the plans call for 3 income restricted...Shovel ready and entitled mixed use development project in the heart of San Luis Obispo! This half acre lot will be host to 15 residential units and 3 commercial condominiums. The site is centrally located approximately one half mile to Downtown and one mile to the Cal Poly campus. This project could be a great fit for a developer looking to build and sell or an investor looking for long-term hold. In addition to the three commercial units at the ground floor, the plans call for 3 income restricted studio units, 10 open market two bedroom, two bath units and 2 penthouse units featuring two beds, two and a half bathrooms and generous living spaces. The final map is under review and then permits are ready to be pulled - what are you waiting for?

Listing Agent

  1. Matt Sansone

    Matt Sansone

    Listing Agent

    Compass

    DRE #01956847

    matt.sansone@compass.com

    P: (805)-704-4040

Property Details for 1042 Olive Street

View
City Lights
Lot Size Source
Assessor
Assessor Parcel Number
001112006
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00
LISTING UPDATED: 09/20/2024 03:57 AM

Property Details for 1042 Olive Street

StatusActive
MLS #SC24171845
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.52 AC
CountySan Luis Obispo County

Building Information for 1042 Olive Street

Lot Size0.52 AC

Property Information for 1042 Olive Street

Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Exterior Features
  • View Description: City Lights
Distance To
  • Distance To Water: Street
Land/Lot Info
  • Lot Features: 31-35 Units/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: See Remarks
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0

Property History for 1042 Olive Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1042 Olive Street

Taxable ValueLand$1,001,288Additions-Total$1,001,288
Tax Record2024$11,066 ($922 / month)
Home Facts
Lot Size22,500 SqFtStyleCommercialZoningCTCountySAN LUIS OBISPOAPN001-112-006

Schools near 1042 Olive Street

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 6
Rating
School
Distance
Bishop's Peak Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Teach Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1042 Olive Street is a 0.52 ac of land for sale in San Luis Obispo, CA 93405. This property was listed for sale on July 16, 2024 by Compass, it's currently listed at $1,490,000. It has been on the market for a total of 33 days and was last sold on December 9, 2016. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Bishop's Peak Elementary School, Laguna Middle School and San Luis Obispo High School. 1042 Olive Street is a 0-bed, 0-bath, 0.52 ac of land on a 22,500 sq. ft. / 0.52 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Matt Sansone, DRE #01956847

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.