2730 Mcmillan Ave, San Luis Obispo, CA 93401-6812
- Commercial land
- 1.10 lot acres
Current Use by Public Records
- Commercial land
Property Details for 2730 Mcmillan Ave
- Lot size
- 1.10 lot acres
- Zone code
- M
- Property type
- Commercial land
- APN
- 053-212-022
- APU
- 53212022
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 13, 2026 | $2,150,000 | Housing Authority Of City Of San Lu | Gom Properties LLC | Grant Deed | $200k · San Luis Obispo County Housing Trus |
| Sep 5, 2024 | — | Covelop Holdings LLC | — | Deed · related | $2M · The C & L Schoenfeld Investments LLC |
| Dec 27, 2022 | $902,000 | Gom Properties LLC | Covelop Holdings LLC | Grant Deed | — |
| Apr 22, 2022 | $1,000,000 | Covelop Holdings LLC | Earl Clayton Appleton JR | Grant Deed | $605k · Bradford Family Trust |
| Sep 13, 2017 | — | Hand,william T Family Trust | — | Deed · related | $150k · Ferber Frederick SR Trust (pt) |
| Jun 21, 2017 | $331,500 | Hand,william T Family Trust | Hand-mccarthy LLC | Grant Deed | — |
| Mar 2, 2016 | $650,000 | Hand-mccarthy LLC | Williams Gerald A Trust | Grant Deed | — |
| — | — | Williams Gerald A Family Trust | — | Deed Of Trust · related | $211k · Coast National Bank |
| — | — | Williams Gerald A Family Trust | — | Deed Of Trust · related | $250k · Coast National Bank |
| — | — | Hand,william T Family Trust | — | Deed Of Trust · related | $150k · Ferber Frederick SR Trust (pt) |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,135,000
- ML approach
- $1,025,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Luis Obispo
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.648
- Latitude
- 35.2646
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
