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$569,000

Est. payment - /mo

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0.28 Acres Lot

Active

0 S Burton ST Nipomo, CA 93444

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Nipomo(340)

MLS Listing ID PI25185912

HOA Y/N No

Lot Size 0.275 Acres

Property Description

A12k (+/-) multi-family parcel that is a flat & level rectangle. Determining density in this area is a little tricky, but, as best as we can tell, it falls in the middle density which is 26 units per acre which is 1675 sf per unit, which would translate to 7 allowable units. Under recent state laws, adding ADUs to a project can increase the number of units. It is also possible to develop by right with a project compliant with the upgraded ordinances on ADUs and/or Affordable Hopusing Project. IT IS IMPERATIVE THAT THE BUYER CONFIRMS ALL OF THIS WITH SLO COUNTY PLANNI9NG BEFORE WE GO UNDER CONTRACT. Owner will; carry a note and first TD with a minimum 25% down, 7% interest only payments. up to 5 years. A lower interest rate is doable with a larger downpayment. An escrow of up to 6 months is possible.w and/or a seller carry might be possible.

Location

State CA

County San Luis Obispo

Area Npmo - Nipomo

Zoning RMF

Interior

Fireplace No

Exterior

Community Features Biking

View Y/N No

View None

Building

Lot Description Level

Water Public

New Construction No

Others

Senior Community No

Tax ID 090123019

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Mark Burnes Burnes Commercial Group mb.ccim@gmail.com

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