For Sale
$3,150,000

2730 Mcmillan AveSan Luis Obispo, CA 93401

Permit-ready, 46-unit apartment project

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Fully permitted 46-unit apartment project in San Luis Obispo.
  • $3,150,000 asking price ($73/sq ft land value) on a 47,916 sq ft lot (APN 053-212-022), zoned M.
  • Permits secured in 2024, ready for immediate construction.
  • Prime location less than one mile from downtown San Luis Obispo, near Duncan Alley and Crossroads.
  • Pre-existing construction bid from JW Design available.

Property Details for 2730 Mcmillan Ave

Property type
Land

Location Insight

City
San Luis Obispo
County
San Luis Obispo
State
California
Latitude
35.264625
Longitude
-120.647744
2730 Mcmillan Ave, San Luis Obispo, California

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2730 Mcmillan Ave
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