A rare opportunity! A 4.49 acre ranch plus a vacant 2.48 AC parcel in the heart of Los Osos (total 6.97 acres)! Rent out or use as a ranch now with a possible future to subdivide! Both parcels together had a 29-lot subdivision submitted to the county that was never accepted because of the building moratorium. Property consists of a 3220 sf home, horse stalls, a barn, on the 4.49 acre lot and the adjacent 2.48 acre lot is vacant. Rent out home, barn, horse stalls and flat land for for farming or equestrian uses. Beautifully remodeled 4 bedroom, 3 bath home. Kitchen has new quartz counter tops, new dishwasher, new stove top, new microwave. There is new luxury vinyl plank flooring and carpeting throughout the home. Master bedroom suite has a dressing/closet room and attached full bath. All Bathrooms have all new water fixtures and quartz counter tops. New paint throughout inside and outside of home. New furnace, new water heater, updated electrical, new light fixtures throughout, and new garage door. A new roof was installed in 2016. There are concrete block horse stalls(no Roof) and a large metal barn! A well serves the property to keep your water costs reasonable. Plenty of space plus Beautiful views of the surrounding Morros make it perfect for large gatherings or enjoying the view with a glass of wine. The vacant 2.48 AC parcel is also available for $295,000 separately (listing SC22101257). The 4.49 acre ranch is also available separately for $1,995,000 (listing SC22101251). The property is located close to schools, main shopping on Los Osos Valley road and just a short trip to beautiful Morro Bay.