PROPERTY DETAILS * APN 021-231-017, 021-231-041, 021-231024. 3 parcels sold as one economic unit. * ~ 1.15 ACRES / 50,060 SF (combined) * Zoned Residential Multi-Family (RMF) with unit density (UD) of 20 dwelling units per one acre. Located within the Countywide Water Conservation Program and subject to Paso Robles Groundwater Basin Urgency Ordinance. * Per the County of SLO Planning and Building, in 2007 there was a tentative tract map, planned unit development, and conditional use permit (Tract 2837) to subdivide three parcels into 22 residential lots. For additional information, go to: www.slocounty.ca.gov/cs/SurplusRealProperty or (805) 781-5206. The County Board of Supervisors intends to conduct an auction of the Subject Properties at a regular meeting of said Board, occurring in the Board Chambers, New County Government Center (1055 Monterey Street, San Luis Obispo) on Tuesday, March 24th 2020 at 9:00am or as soon thereafter as possible. The sealed written bid forms will be presented at the Board meeting and oral bids will be called for before the final acceptance of any proposal. Upon successful close of escrow, a real estate commission of (3%) of the selling price, or an amount otherwise determined by Government Code Sections 25531 and 25532 will be paid from the proceeds of the sale to a selling broker who is instrumental in obtaining the offer to purchase, provided that the broker is identified at the time of bid. BID DETAILS: Written bids (USING AUTHORIZED BID FORM ONLY) are due by March 9, 2020 at 5:00 PM. Auction will take place at Board of Supervisors Meeting on March 24, 2020 (at 9 AM or as soon as possible thereafter). Minimum Bid is $640,000 and shall be payable by cash only. Oral and/or written bids less than Minimum Bid will not be accepted. Cashiers check of $10,000 payable to the County of San Luis Obispo must be submitted with bid, which is nonrefundable upon acceptance of the highest bid (bidders security). Bidders security will be returned to unsuccessful bidder(s). Oral bidding is allowed during auction, but oral bids will not be heard if no written bids are submitted. Escrow shall close within 45 days of bid acceptance. Upon successful close of escrow, a real estate sales commission of 3% of the selling price, or an amount as otherwise determined by Business & Professions Code §10131 and Gov. Code §25531 & §25532, shall be payable from the proceeds of sale to a selling broker who is instrumental in obtaining the offer to purchase, provided the broker is identified at the time of the bid. No commission shall be paid if the real estate broker and commission are not identified with bid, whether written or oral. Information contained herein has been obtained from sources deemed reliable but is not guaranteed or verified. Property to be sold in AS-IS condition, with no repairs or reports provided by County except a preliminary report from FATCo. County makes no representations or warranties concerning the physical, environmental, geotechnical, use or any other condition of the Property.
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