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Sean Beattie

sean@brivio.com +1(415) 716-7190

$575,000

Est. payment - /mo

0.56 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Sm Southwest(940)

MLS Listing ID PI25168102

HOA Y/N No

Year Built 1957

Lot Size 0.558 Acres

Property Sub-Type Duplex

Property Description

Unique Investment Opportunity - Zoned R2 with Future Development Potential. This is a rare opportunity for a buyer with vision and patience. Located in an area the City of Santa Maria has identified for future development, this property was previously zoned M1 and is now designated R2. The current use is grandfathered under the prior M1 zoning; however, any new use must comply with the current R2 zoning regulations. Buyers are encouraged to verify zoning and development plans directly with the City of Santa Maria. West Street is a private road. The dirt road from Thornburg is technically not a legal easement. It is an implied easement. All residence have always used the dirt road to access their properties. The lot is approximately 24,306 square feet per recent legal split (records available), though public records still reflect a larger 40,510 square foot parcel. The property includes a 1,092 square foot structure built in 1957 on a slab foundation. The building is in poor condition and may be best suited for tear-down. Utilities include city water, natural gas, and septic system. This is an excellent opportunity to invest in a transitioning neighborhood with long-term upside potential. Please note: attached is a City Map which shows the property line goes through half the road. So this means that this property owner owns part of the road. When the City decides to develop that road which will eventually go from Thornburg to Depot, there is the potential that the City may need to buy this part of the road from this property owner.

Location

State CA

County Santa Barbara

Area Smsw - Sm Southwest

Interior

Interior Features All Bedrooms Down

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Driveway, Gravel, RV Access/Parking

Fence Chain Link

Pool None

Community Features Park

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Connected

Roof Type Shingle

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Septic Type Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 117760012

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by James Gallegos Century 21 Masters jamesgallegos1@yahoo.com, DRE #01714421

Nearby School & Business

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Sean Beattie

+1(415) 716-7190

Broker Associate | CA DRE# 01304100

Broker Associate CA DRE# 01304100

413 West ST Santa Maria, CA 93458

Sean Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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