Price: $3,700,000

Address: 801 O’Connor Way, San Luis Obispo, CA

Size: 501 +/- Deeded Acres

LocationTucked between the Coastal Range and the Pacific, San Luis Obispo, or “SLO,” offers all the spoils of life.  The Property is located only two air-miles west from the city limits of San Luis Obispo, along the southside of O’Connor Way, approximately 1.25 miles northwest of Foothill Boulevard.  The Tonascia Ranch benefits from a Mediterranean marine climate, and is in the vicinity of a world-class wine region.  The Pacific Ocean that is just 10 miles away.  In addition, this city offers the added benefit of a municipal airport, the San Luis Obispo County Regional Airport (SBP), located only six air-miles southeast from the Property.    

Description:The Property consists of 501± acres of native cattle pasture and approximately 50 acres of dry farmland, including an old historic farmstead.   The Tonascia Ranch is part of the Historic Ranchos Canada de Los Osos and La Laguna Mexican land grant in Los Osos Valley in present-day San Luis Obispo County, California.  Varying from nearly level to gently rolling hills to very steep terrain with rock outcroppings, the native pasture includes grasslands, chaparral, and oak savannahs.  Livestock have always been the mainstay at the Tonascia Ranch.  Cattle were the lifeblood of the early economy in early rancho days, and horses were utilized to work the cattle.  The Property fronts on O’Connor Way, but provides privacy to the headquarters area from the main road.  The property is irregular in shape and varies in elevation from a high point of 675 feet along the southern property line, reducing to about 200 feet along O’Connor Way. 

Present Use: Historically, the Property has been used as a rural residence and cattle-grazing ranch with approximately 50 acres of the more level, cultivatable areas of farmland along O’Connor Way being dry-farmed to such crops as oat hay, garbanzo beans, etc. The residence is abandoned and no longer habitable.

Water Source: The water source for both agricultural and domestic use is provided via numerous seasonal springs and creeks and two spring boxes; one located in the bottom of a small draw above the homestead and the second located farther east on the same parcel.  However, the best flowing spring is located at the northwest corner at O’Conner Way.

Structural Improvements: The Property is a historic cattle ranch and has been in the current owner’s family for over 100 years. The improvements include the abandoned 1,128± square-foot residence and a 4,028± square-foot dairy barn that were both constructed around 1900, as well as several older storage sheds. The older structures, while reminiscent of a bygone era, are in poor condition and in need of upgrade and repair.

Sight Improvements: Site improvements include dirt driveways/interior roads, drainage culverts, minimal landscaping, bridge culvert crossing, and barbed-wire fencing improvements. The several miles of dirt and gravel roads provide ample access for biking, hiking, horseback, or other recreational pursuits.

Zoning/Land Use: The Property is located in an unincorporated area of San Luis Obispo County:  Zoned Agriculture (AG)

Ag Preserve: This Property is NOT in the Agricultural Preserve (Williamson Act)

UtilitiesMajor public utility companies to the property include telephone and electricity, which are extended to the homestead site on O’Connor Way.  While there is no public water or sewer in the area, it is common to find private septic systems being utilized.  No natural gas is available; however, liquid propane gas is available via private commercial vendors.  No utilities are extended to the most westerly portion of the property but are located nearby.

Easement: An easement will be granted for access from Los Osos Valley Road to the back side of the ranch.

Assessor’s Parcel Number: APN 067-061-051 and a portion of 067-051-005

Property Taxes: The property is NOT in the Williamson Act (Ag Preserve) and is subject to Prop 13 re-assessment.