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Listed by Patrick Smith • Avila Beach Realty Inc.
$3,000,000
Est. payment /mo
Price Dropped by $3.0M
San Luis Obispo, CA 93401
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Key Details
Property Type Commercial
Sub Type Specialty
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC-26059988
Property Sub-Type Specialty
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Edna Ranch offers a rare opportunity to partner in a legacy asset that blends classic ranch living with significant long-term development potential—just minutes from downtown San Luis Obispo. This offering is for a 50% joint venture interest, ideal for an investor seeking both current income and future upside.
Set across expansive acreage in the heart of Edna Valley, the property features sweeping panoramic views of the Cuesta Mountain Range and the iconic Nine Sisters. The ranch is improved with four existing residences, providing immediate utility and income potential.
The land is rich with natural features, including three reservoirs, two creeks, mature trees, and rolling terrain that enhances both privacy and scenic appeal. Water resources are supported by three productive wells with approximate yields of 20, 14, and 5 gallons per minute. Two all-weather access roads from Orcutt Road provide convenient and reliable access throughout the property.
Strategically positioned adjacent to city limits and within the City's Sphere of Influence, the property is identified for future annexation—currently anticipated around 2028 per LAFCO guidance—creating a compelling long-term investment opportunity. A prior ownership vision contemplated subdivision into 8–9 legal parcels, with remaining acreage suited for higher-density residential development, including both multifamily and single-family housing.
This offering represents a 50% joint venture interest with existing ownership, with an investment target of $3,000,000.
Set across expansive acreage in the heart of Edna Valley, the property features sweeping panoramic views of the Cuesta Mountain Range and the iconic Nine Sisters. The ranch is improved with four existing residences, providing immediate utility and income potential.
The land is rich with natural features, including three reservoirs, two creeks, mature trees, and rolling terrain that enhances both privacy and scenic appeal. Water resources are supported by three productive wells with approximate yields of 20, 14, and 5 gallons per minute. Two all-weather access roads from Orcutt Road provide convenient and reliable access throughout the property.
Strategically positioned adjacent to city limits and within the City's Sphere of Influence, the property is identified for future annexation—currently anticipated around 2028 per LAFCO guidance—creating a compelling long-term investment opportunity. A prior ownership vision contemplated subdivision into 8–9 legal parcels, with remaining acreage suited for higher-density residential development, including both multifamily and single-family housing.
This offering represents a 50% joint venture interest with existing ownership, with an investment target of $3,000,000.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Laundry None
Building
Lot Description Horse Property, Agricultural
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