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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

$ 749,900

Est. payment | -/mo

5 Beds

4 Baths

1,884 SqFt

Save

$ 749,900

Est. payment | -/mo

Save

5 Beds

4 Baths

1,884 SqFt

Open House

Tue Oct 27, 9:30am - 12:00pm

Key Details

Property Type Manufactured Home

Sub Type Manufactured On Land

Listing Status Active

Purchase Type For Sale

Square Footage 1,884 sqft

Price per Sqft $398

Subdivision Santa Margarita In Town(70)

MLS Listing ID NS26217018

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 2002

Lot Size 1.000 Acres

Property Sub-Type Manufactured On Land

Property Description

Rare Santa Margarita Opportunity-Two Homes on One Acre. Rarely does an opportunity like this come to market! This versatile property features two separate homes, offering an exceptional combination of rental income, multi-generational living, guest accommodations, or future investment potential. The main residence offers 3 bedrooms and 2 bathrooms across approximately 1,080+/- square feet and plenty of usable outdoor space. Raised garden beds, a large storage shed, carport for covered parking, and a cute front deck are just a few perks of this home. A separate 1-bedroom plus office, 2-bath 804+/- square foot guest home with a charming covered porch and a detached two-car garage provides additional flexibility and opportunity. Both residences are currently tenant occupied, generating a combined $2,375 per month in rental income ($1,350/month for the main home and $1,025/month for the guest home) and boast separately metered utilities, providing immediate income for an investor while preserving the potential to enhance the property's value over time. The approximately one-acre setting offers room to spread out, with potential space for horses and other rural lifestyle uses. Enjoy the charm and community of Santa Margarita while remaining conveniently located near San Luis Obispo, Paso Robles, Atascadero, and the Central Coast. Whether you're looking for an income-producing investment, a property for extended family, or a unique opportunity to own multiple residences on one parcel, this rare Santa Margarita offering deserves a closer look. If you're looking to add even more land and a third home, check out the neighboring property at 22815 I Street, Santa Margarita also being offered for sale at $699,900. MLS#NS26216088. BONUS- The sellers are open to considering seller financing for 5-7 years with 20-30% down at only a 4% interest on at least one of these parcels

Location

State CA

County San Luis Obispo

Area Smrg - Santa Margarita

Rooms

Other Rooms Guest House Detached, Guest House

Main Level Bedrooms 5

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Driveway, Garage, RV Potential, RV Access/Parking

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Rural

View Y/N Yes

View Hills

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard, Horse Property

Dwelling Type Manufactured House

Story 1

Entry Level One

Sewer Septic Type Unknown

Water Public

Level or Stories One

Additional Building Guest House Detached, Guest House

New Construction No

Schools

School District Atascadero Unified

Others

Senior Community No

Tax ID 069091006

Acceptable Financing Cash, Cash to New Loan

Horse Property Yes

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jessica Baker Oaks to Ocean Real Estate 805-610-3586, DRE #01955079

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .

Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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22817 I Santa Margarita, CA 93453