646 Grande Avenue

646 Grande Avenue

Nipomo, CA 93444

$3,350,000
Price
187,308 / 4.3
Lot Size / Acres
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Description

A developers dream with current cashflow! An approximately 4.3 acre, multi-family parcel adjacent to the Nipomo shopping corridor and recently completed Grocery Outlet Bargain Market shopping center. Owner is currently in process of securing entitlements to allow for a subdivided development. Owner is pursuing 54-58 duet units as shown in the photos. A 3/2 2000sf SFH sits on the property with long-term tenants that more than covers holding costs. SFH is on city water, has septic, and power connected....A developers dream with current cashflow! An approximately 4.3 acre, multi-family parcel adjacent to the Nipomo shopping corridor and recently completed Grocery Outlet Bargain Market shopping center. Owner is currently in process of securing entitlements to allow for a subdivided development. Owner is pursuing 54-58 duet units as shown in the photos. A 3/2 2000sf SFH sits on the property with long-term tenants that more than covers holding costs. SFH is on city water, has septic, and power connected. Seller has secured an Intent To Serve from the Nipomo CSD for up to 112 units but this will be reduced with the current duet plan. Seller would consider carrying a first-trust deed note, terms to be negotiated. Don't miss the rare opportunity to acquire high-density residential land in the heart of Nipomo!
  1. Listed by Chase Morgan • DRE #02221440 • Morgan Brothers Real Estate

Property Details for 646 Grande Avenue

View
Hills, Mountain(s)
Lot Size Source
Estimated
Assessor Parcel Number
095579002
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of Morgan Brothers Real Estate, Chase Morgan, DRE #02221440
Add your commute
LISTING UPDATED: 04/01/2024 06:03 AM

Property Details for 646 Grande Avenue

StatusActive
MLS #SC24014963
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size4.30 AC
CountySan Luis Obispo County

Location

Listing Courtesy of Morgan Brothers Real Estate, Chase Morgan, DRE #02221440
Add your commute

Building Information for 646 Grande Avenue

Lot Size4.30 AC

Payment Calculator

$20,552 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,282

Property Taxes

$2,270

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 646 Grande Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Exterior Features
  • Fence: Wire, Wood
  • Fencing: Wire, Wood
  • Miscellaneous: Value in Land
  • View Description: Hills
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 6-10 Units/Acre, 11-15 Units/Acre, 16-20 Units/Acre, 21-25 Units/Acre, Lot Over 40000 Sqft, Near Public Transit, Secluded, Value In Land, Yard
  • Current Use Comments: Current home is rented to cover carrying costs.
  • Usable Land Percent: 100
  • Possible Use Comments: 54+ parceled units, density bonuses may be available, check with county. Owner currently pursuing entitlements that allow for 54-58 units as duets.
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street, Private Road
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
  • Utilities: Cable Connected, Electricity Connected, Propane, See Remarks
  • Electric: Cable Connected, Electricity Connected, Propane, See Remarks
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Nipomo
  • Builders Tract Code: Nipomo(340)

Property History for 646 Grande Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 646 Grande Avenue

Taxable ValueLand$2,171,580Additions$403,920Total$2,575,500
Tax Record2023$27,246 ($2,270 / month)
Home Facts
Beds3Total Finished SqFt1,984 SqFtAbove Grade Finished SqFt1,984 SqFtLot Size186,872 SqFtStyleSingle Family ResidenceYear Built1952ZoningRMFCountySAN LUIS OBISPOAPN092-579-002

Schools near 646 Grande Avenue

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Dana Elementary School
Public - K to 6
Mesa Middle School
Public - 7 to 8
Nipomo High School
Public - 9 to 12
Central Coast New Tech High School
Public - 9 to 12
Rating
School
Distance
Dana Elementary School
PublicK to 6

Mesa Middle School
Public7 to 8

Nipomo High School
Public9 to 12

Central Coast New Tech High School
Public9 to 12

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.

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More information about 646 Grande Avenue, Nipomo, CA 93444

646 Grande Avenue is a 4.3 ac of land for sale in Nipomo, CA 93444. This property was listed for sale on January 23, 2024 by Morgan Brothers Real Estate, it's currently listed at $3,350,000. It has been on the market for a total of 96 days and was last sold on May 9, 2022. This listing's school district is Lucia Mar Unified School District. Nearby schools include Dana Elementary School, Mesa Middle School and Nipomo High School. 646 Grande Avenue is a 0-bed, 0-bath, 4.3 ac of land on a 187,308 sq. ft. / 4.3 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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Brothers Real Estate, Chase Morgan, DRE #02221440

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.