650 11th Street, San Miguel, CA 93451

$650,000 Asking Price

4 beds
2 baths
1,591  sqft
Built in 1950

**INVESTORS AND DEVELOPERS** 0.5-acre lot with 2 HOMES, both consisting of 2 bedrooms and 1 bathroom! Situated in a prime location and zoned recreational, this property offers a multitude of possibilities. The two existing homes do require some tender loving care (TLC), their potential is boundless. Alternatively, for those with grander ambitions, the option to develop 7 units awaits. With the appropriate permits and vision, this lot could be transformed into a thriving community hub. Whether you choose to add accessory dwelling units (ADUs) to the existing homes or embark on a larger-scale development project, the profit potential is immense. Adding to the appeal of this property is its location amidst a neighborhood of newly developed homes. As the area continues to grow and evolve, seize this opportunity to capitalize on the real estate market in San Miguel! Whether you're a seasoned investor or a budding developer, this property offers endless possibilities for growth and success. Schedule a viewing today and unlock the potential of this remarkable investment opportunity!

Features & Amenities

Interior

General:
Beamed Ceilings,Copper Plumbing Partial,Unfurnished
Laundry:
N/K
A/C:
N/K
Heating:
Wall/Gravity, Propane
Fireplace:
N/K
Disability Feature:
Parking

Exterior

General:
Wood,Concrete
Style:
Ranch
Pool:
None
Parking:
Driveway, Parking spaces: 0

Construction

Roofing:
Asphalt
General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
San Luis Obispo

Lot

Topography:
Level
Zoning:
021401008
View:
Neighborhood,Trees/Woods
Fencing:
N/K

Utilities

Utilities:
Cable Available,Electricity Connected,Natural Gas Available,Phone Available,Propane,Sewer Connected,Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Invest SLO, Hannah Kraft

About San Miguel, CA

Housing

Number of Units
1,973
Median Home Value
$420,560
Median Rent
$1,462

37.14% of housing units are renter occupied.

9.51% are vacant.

Commute

Car
65.95%
Public Transportation
0.01%
Walk to Work
1.65%
Work from Home
30.76%
Other
1.63%

The median travel time to work is 17 minutes.

People

Population
5,433
Median Age
38.30
Median Household Size
3.02

Education

High School
28.76%
Associate’s Degree
10.21%
Bachelor’s Degree
12.96%
Graduate Degree
2.75%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Message

Interested in this home?

Request more information: