3
See all 3 photos
$569,000
Est. payment /mo
0.28 Acres Lot
New
0 S Burton ST Nipomo, CA 93444
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Nipomo(340)
MLS Listing ID PI25185912
HOA Y/N No
Lot Size 0.275 Acres
Property Description
A12k (+/-) multi-family parcel that is a flat & level rectangle. Determining density in this area is a little tricky, but, as best as we can tell, it falls in the middle density which is 26 units per acre which is 1675 sf per unit, which would translate to 7 allowable units. Under recent state laws, adding ADUs to a project can increase the number of units. It is also possible to develop by right with a project compliant with the upgraded ordinances on ADUs and/or Affordable Hopusing Project. IT IS IMPERATIVE THAT THE BUYER CONFIRMS ALL OF THIS WITH SLO COUNTY PLANNI9NG BEFORE WE GO UNDER CONTRACT. Owner will; carry a note and first TD with a minimum 25% down, 7% interest only payments. up to 5 years. A lower interest rate is doable with a larger downpayment. An escrow of up to 6 months is possible.w and/or a seller carry might be possible.
Location
State CA
County San Luis Obispo
Area Npmo - Nipomo
Zoning RMF
Interior
Fireplace No
Exterior
Community Features Biking
View Y/N No
View None
Building
Lot Description Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 090123019
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Mark Burnes Burnes Commercial Group mb.ccim@gmail.com