9
See all 9 photos
$2,475,000
Est. payment /mo
6,185 SqFt
Pending
1191 Fair Oaks Avenue Arroyo Grande, CA 93420
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,185 sqft
Price per Sqft $400
MLS Listing ID CRPI25034031
HOA Y/N No
Year Built 1984
Lot Size 0.284 Acres
Acres 0.28
Property Sub-Type Other
Property Description
Price improvement on a fantastic investment opportunity for a well located 8 unit apartment complex in Arroyo Grande. Only 4 short blocks to Grand Avenue shopping district, across the street from the Soto Sports Complex and park, just down the street from Harloe Elementary School and very close to both Arroyo Grande High School and Dignity Health Medical Center. Great performing asset with very strong rental history. Rarely available income property in great Central Coast neighborhood. Well maintained property, professionally managed and stable tenants. Each unit includes 2 bedrooms, 1.5 bathrooms, fully equipped eat-in kitchen, one carport parking space and one uncovered on-site parking space. Five of the units have their own private rear patio area. There is abundant street parking as well. Below market rents and on-site laundry facilities provide additional upside for such a rare offering. Ideal 1031 investment and great value at only $309,000 per unit. Please Do not disturb Tenants.
Location
State CA
County San Luis Obispo
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Other
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 077272052
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Listed by Bryan Friedman • Berkshire Hathaway Home Servic
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289