188 W Tefft St Nipomo, CA 93444
Nipomo NeighborhoodEstimated payment $3,800/month
Highlights
- Corner Lot
- Laundry Room
- 1-Story Property
- No HOA
- Foothills
About This Home
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.
Listing Agent
BHGRE Haven Properties Brokerage Phone: 805-801-2787 License #01886688
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $482
Year Built
- Built in 1961
Lot Details
- 0.4 Acre Lot
- 1 Common Wall
- Corner Lot
Parking
- On-Street Parking
Home Design
- Duplex
Interior Spaces
- 1,572 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 3 / 2
- Assessor Parcel Number 090131007
Community Details
Overview
- No Home Owners Association
- 2 Units
- Nipomo Subdivision
- Foothills
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $48,000
- Net Operating Income $48,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $482 | $46,480 | $8,432 | $38,048 |
| 2023 | $482 | $45,569 | $8,267 | $37,302 |
| 2022 | $475 | $44,676 | $8,105 | $36,571 |
| 2021 | $474 | $43,801 | $7,947 | $35,854 |
| 2020 | $469 | $43,353 | $7,866 | $35,487 |
| 2019 | $466 | $42,504 | $7,712 | $34,792 |
| 2018 | $460 | $41,671 | $7,561 | $34,110 |
| 2017 | $452 | $40,855 | $7,413 | $33,442 |
| 2016 | $426 | $40,055 | $7,268 | $32,787 |
| 2015 | $420 | $39,454 | $7,159 | $32,295 |
| 2014 | $404 | $38,682 | $7,019 | $31,663 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $675,000 | -- | $429 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25078516
APN: 090-131-007
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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