A rare opportunity in the heart of Los Osos! This generous 1.23-acre parcel, zoned Residential Multi-Family, is located one block from downtown shopping and just minutes from Montana de Oro and Baywood Park. The terrain is mostly flat with a gentle slope, featuring 360-degree views of nearby hillsides, mountains, and Morro Rock – imagine the development opportunities when the moratorium is lifted! There is a water meter and sewer on-site. Contact Golden State Water and SLO County Planning Department for building requirements and timelines. Another incentive is the seller may be willing to offer financing options. Nervous about having your money in the bank? Invest in CA Coastal real estate! Properties like this seldom come available – you won't want to miss this opportunity.