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This parcel is #8 on the Los Osos RMF Building List, for 20 homes (& parcel adjacent, #9 for 23 homes). They are the BEST priced CRMLS-listed Residential Multi Family zoned (RMF), potentially developable properties in Coastal SLO County today (7.25.2025), ocean-side from Nipomo to Ragged Point. This PRIME Coastal location is: 1) Steps from downtown shopping & restaurants in bayside Los Osos. 2) Centrally located between Los Angeles & San Francisco, & loaded with affordable housing options 3) On the same bay and adjacent to the City of Morro Bay. 4) A few minutes South from Cayucos, Cambria, & San Simeon (gateway to Big Sur), and a few minutes North of San Luis Obispo & Pismo Beach. Since apx. 1988, most of Los Osos has been under a building moratorium. For the first time, construction is moving forward. See Tribune Article pdf (on Virtual Tour). During the past 40 years, due to public demand, low construction costs, and reliable storage rental income, many coastal properties zoned RMF, were developed into storage complexes, contributing to current shortages in RMF Zoning for homes, County-wide. Although there are many properties zoned for multi-use, (which also allow residential) there are currently only a total of 8 other RMF zoned properties listed RMF in CRMLS, SLO Coastal County-wide as of 7/25/2025. Other zonings may require construction of commercial units, as well as residential, and may restrict financing. Lowest rates & best terms may be limited to Residential or RMF zonings. Buyer to verify zoning development requirements & details (including building permit issuance timing) with SLO County Planning, and financing with lending institutions. IMPORTANT NOTE to check with SLO County Planning: Due to habitat conservation & sensitive natural resources, the Los Osos Development Plan is VERY conservative. A) If a property is not on the building list yet, it may not be possible to add it to a building list. B) The number the property has on the building list will determine how soon the property may be developed. Properties with large numbers may take 10+ years. 1230 Los Olivos (corner parcel) is owned by the Listing Broker (RE Licensee), & includes an old well, permitted for landscaping water usage. Some Reports completed & available. Shed will be removed.
| Last Updated | 7/26/2025 | Tract | Central Business District |
|---|---|---|---|
| Year Built | 0 | Community | OSOS - Los Osos |
| County | San Luis Obispo |
Additional Details
| AREA | OSOS - Los Osos |
|---|---|
| LOT | 1.18 acre(s) |
| LOT DESCRIPTION | Corner Lot, Gentle Sloping, Near Public Transit, Paved, Rectangular Lot, Sloped Up |
| SEWER | Public Sewer |
| SUBDIVISION | Central Business District |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Hills, Neighborhood, Valley |
| ZONING | RMF |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/1/25 3:23 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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