$4,900,000
For Sale

1273 Belridge Street

Oceano, CA 93445
1.81 acres | #PI24016331
Listing OfficeMariani Realty
Browse 10 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Introducing 1273 Belridge: A golden opportunity awaits with this 27-unit apartment development, boasting all entitlements approved by the County. Nestled in the prime Opportunity Zone, this property offers 27 expansive 3 and 4-bedroom apartments, each complemented by a private oversized 2-car garage and 2 assigned parking spaces. The journey begins with a Conditional Use Permit already in hand, signaling the commencement of demolition on February 1st, 2024. Following swiftly is the grading and construction phase, culminating in the completion of the building by December 20, 2025. Seize this rare chance to become the proud Owner/Buyer and enjoy substantial tax benefits. Don't miss out – inquire with your Realtor for comprehensive details provided in the attached Timelines & Approvals.

  • Property Details
      • Lot DescriptionItem1115UnitsAcre
    • Measurements
      • Acres1.81
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionOceano(350)
    • Location
      • CountySan Luis Obispo
  • Financial Details
      • Original List Price$3,785,000
  • Other
      • MLS #PI24016331

Location

Joshua HenryBerkshire Hathaway Home Services California Properties
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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