2730 Mcmillan AveSan Luis Obispo, CA 93401

  • Land
  • 1.10 AC
For Sale
$3,150,000 View listing

Property Details for 2730 Mcmillan Ave

Lot size
1.10 AC
Zone code
M
Property type
Land
Property subtype
Commercial land
APN
053-212-022
APU
53212022

Description

This exceptional San Luis Obispo development opportunity presents a fully permitted 46-unit apartment project on a 47,916 sq ft lot (APN 053-212-022), zoned M. Priced at $3,150,000 ($73/sq ft land value), this project is ready for immediate construction. Permits were secured in 2024, eliminating lengthy delays and associated costs. The meticulously designed project, created by Arris Architecture, offers top-of-the-market community and apartment amenities. Its prime location, less than a mile from downtown San Luis Obispo and within two blocks of Duncan Alley and Crossroads, provides residents with easy access to local restaurants and shops, fostering walkability and bikeability. A pre-existing bid from JW Design for construction is available, providing transparency and certainty regarding project costs. This turnkey opportunity allows a buyer to close escrow and begin construction immediately, capitalizing on the strong San Luis Obispo rental market. The property's address is 2730 McMillan Ave, San Luis Obispo, CA 93401.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024

  • Alternative Use

    Use
    Valuation
    Residential
    $7,775,228
    Hospitality
    $7,122,067
    Educational
    $5,925,476
    Medical
    $6,129,262
    Retail
    $9,217,408
2730 Mcmillan Ave, San Luis Obispo, California
+−
Leaflet | © OpenStreetMap contributors

Location Insight

City
San Luis Obispo
County
San Luis Obispo
State
California
Latitude
35.2646
Longitude
-120.648
CBSA code
42020
CBSA name
SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,237
$1,107,312
-
$1,107,312
-
-
-
-

Comparable in this City

Similar Nearby for Sale

Similar Nearby for Lease

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2730 Mcmillan Ave, San Luis Obispo, California, 93401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

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