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$675,000
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Property Description
Duplex on Commercial Lot with Development Potential!
Welcome to this unique investment opportunity located on a high-visibility corner lot along bustling Tefft Street in Nipomo. This "grandfathered-in" duplex features (TWO) 2 bed/1 bath units on a spacious lot with room for an additional ADU.
Zoned for commercial use, this property presents endless potential while currently generating rental income as a duplex. The highest and best use may be redevelopment into a mixed-use building, with commercial suites on the ground floor and residential units above-maximizing both exposure and revenue on this prime corner parcel. Whether you're an investor, developer, or owner-user, this is a golden opportunity to secure a rare property in a high-traffic location. Don't miss out-opportunities like this don't last long!
The property can NOT do conventional financing, however the seller is willing to seller finance. Call to discuss seller financing options.
Full Property Details
Full Property Details for 188 W Tefft St
General
- Sold For: $675,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PI25078516
- Added to Site: 359 day(s) ago
Rooms
Other Rooms
- Laundry: In Closet
Additional Information
- Pool Description: None
Parking
- Parking Features: Street
- Parking: Street
Location
- Area: NPMO - Nipomo
- County: San Luis Obispo
- Development Name: NPMO - Nipomo
- Driving Directions: From Tefft go East. On the corner of Mallagh and Tefft
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: Street
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,572
- Year Built: 1961
Lot Features
- Lot Size (Acres): 0.4006
- Lot Size Source: Assessor
- Zoning: CR
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $429.39
- Price Per Unit: 337500
Disclosures and Reports
- Exclusions: Refrigerator, Washer, Dryer and microwaves are owned by tenant
- Inclusions: Stove
Listed and Sold by BHGRE Haven Properties, Breana Stachura
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Schools
Schools serving 188 W Tefft St
School District:Lucia Mar Unified School District
| Name | Grades | Distance |
|---|---|---|
Nipomo Elementary School 190 East Price Street, Nipomo, CA 93444 | K-6 | 0.4 mi |
Mesa Middle School 2555 South Halcyon Road, Arroyo Grande, CA 93420 | 7-8 | 6.3 mi |
Nipomo High School 525 North Thompson Avenue, Nipomo, CA 93444 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 188 W Tefft St
Date
Details
Price
Change
Source
5/19/2025
Sold
$675,000
—
MLS
4/10/2025
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
188 W Tefft Street, Nipomo, CA 93444 (MLS# PI25078516) is a Multi-Family property that was sold at $675,000 on May 19, 2025. Want to learn more about 188 W Tefft Street? Do you have questions about finding other Multi-Family real estate for sale in Nipomo? You can browse all Nipomo real estate or contact a Coldwell Banker agent to request more information.

