This property is located within an Economic Opportunity Zone, which can eliminate capital gains if held for 10 years. Drawings for a 3 story addition have preliminary approval with SLO County and are available upon request. Positive cash flow upon completion shows ROI in less than 5 years. Owner seeks investor or partner to purchase half interest or obtain construction loan to finance the build-out. The property is cash flow positive as is. Remodeled and landscaped in 2019 with ADU in back, plus additional studio.
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