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John Vogel

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$ 625,000

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650 11th ST San Miguel, CA 93451

0.5 Acres Lot

UPDATED:

01/14/2025 02:24 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID PI24070264

Construction Status Building Permit

HOA Y/N No

Year Built 1950

Lot Size 0.500 Acres

Property Description

**INVESTORS AND DEVELOPERS** 0.5-acre lot with 2 HOMES, both consisting of 2 bedrooms and 1 bathroom! Situated in a prime location and zoned recreational, this property offers a multitude of possibilities. The two existing homes do require some tender loving care (TLC), their potential is boundless. Alternatively, for those with grander ambitions, the option to develop 7 units awaits. With the appropriate permits and vision, this lot could be transformed into a thriving community hub. Whether you choose to add accessory dwelling units (ADUs) to the existing homes or embark on a larger-scale development project, the profit potential is immense. Adding to the appeal of this property is its location amidst a neighborhood of newly developed homes. As the area continues to grow and evolve, seize this opportunity to capitalize on the real estate market in San Miguel! Whether you're a seasoned investor or a budding developer, this property offers endless possibilities for growth and success. Schedule a viewing today and unlock the potential of this remarkable investment opportunity!

Location

State CA

County San Luis Obispo

Area Smig - San Miguel

Interior

Interior Features Beamed Ceilings, Unfurnished, Unfinished Walls, All Bedrooms Down, Attic, Bedroom on Main Level

Heating Propane, Wall Furnace

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Attached Carport, Covered, Driveway Level, Driveway, Gravel

Fence Excellent Condition

Pool None

Community Features Biking

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Propane, Phone Available, Sewer Connected, Water Connected, Overhead Utilities

View Y/N Yes

View Neighborhood, Trees/Woods

Accessibility Parking

Private Pool No

Building

Lot Description 6-10 Units/Acre, Back Yard, Corner Lot, Flag Lot, Level, Rectangular Lot, Street Level, Value In Land, Yard

Faces North

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

New Construction No

Construction Status Building Permit

Others

Senior Community No

Tax ID 021401008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Hannah Kraft • Invest SLO • 805-478-0892

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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John Vogel

650 11th ST San Miguel, CA 93451

Key Details

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650 11th ST