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Listed by Stacie Hatfield • Unknown Office
$ 1,199,000
Est. payment | /mo
4 Beds
4 Baths
2,796 SqFt
$ 1,199,000
Est. payment | /mo
4 Beds
4 Baths
2,796 SqFt
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 2,796 sqft
Price per Sqft $428
MLS Listing ID OC-26216372
Bedrooms 4
Full Baths 4
Year Built 1991
Lot Size 20.010 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Rare opportunity to own approximately 20.01 acres offering a unique combination of income potential, agricultural possibilities, and future development opportunities. Zoned Agricultural (AG), the property offers the potential for agricultural use, including the possibility of growing grapes and other produce on approximately 16 acres, subject to County/City approval and verification of permitted uses. The property features two separate residences, creating an attractive opportunity for multi-generational living, rental income, agricultural operations, or an owner-user investment. The primary residence is a shop/studio conversion of approximately 1,200 sq. ft., built in 1990 and remodeled in 2023, offering 2 bedrooms and 2 bathrooms, a 15' x 25' attached garage, and a 10' x 10' roll-up storage shed. The second residence is a 1,596 sq. ft. manufactured home, built in 1991, featuring 2 bedrooms and 2 bathrooms, along with a 20' x 24' two-car garage. The two (2) units are receiving $5,775 per month in income. Equestrian and agricultural enthusiasts will appreciate the substantial 30' x 60' covered horse barn, while additional workshop and storage areas provide ample space for equipment, projects, and property operations. The property is serviced by a private well and septic system. The well reportedly provides plentiful water production and may offer potential for agricultural use, subject to well capacity, permits, water rights, and applicable County/City requirements. Adding to the property's long-term appeal, preliminary architectural plans are available for a proposed approximately 3,850 sq. ft. residence, with potential for an ADU, subject to all required approvals and permits. Strategically positioned near a major new residential development consisting of approximately 2,000 homes, with residences ranging from approximately 3,000 to 6,000 sq. ft. and starting around $1.5 million, the property benefits from significant surrounding growth. New shopping centers and a new elementary school are also planned or underway in the surrounding area, creating an exciting backdrop for future appreciation and investment potential. Whether you're looking for a private estate, agricultural opportunity, income-producing property, equestrian compound, or land with future development possibilities, this exceptional 20.01-acre property offers an uncommon combination of space, versatility, income potential, and location.
Location
State CA
County San Luis Obispo
Area Psor - Paso Robles
Interior
Cooling Central Air
Fireplaces Type None
Laundry Dryer Included, Washer Included
Exterior
Pool None
Community Features Horse Trails, Hunting
View Y/N Yes
View Hills, Pasture, Trees/Woods, Vineyard
Building
Lot Description 2-5 Units/Acre
Sewer Shared Septic
Nearby Locations
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114