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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 1.1 ac
- APN
- 053-212-022
- Zoning
- M
- Assessed value · 2024
- $1,107,312
- Annual tax · 2024
- $12,237
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
M Industrial BP Business Park Overlay Zones D Downtown Overlay SP Specific Plan H Historic Overlay MU Mixed-Use Overlay S Special Considerations Overlay S-F Special Focus Overlay PD Planned Development Overlay CBZ Cannab…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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