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Listed by Brenda Auer, DRE #01984685 • Auer Real Estate Inc.
$1,499,000
Est. payment /mo
4 Beds
4 Baths
2,060 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other Residential
Listing Status Active
Purchase Type For Sale
Square Footage 2,060 sqft
Price per Sqft $727
MLS Listing ID CRPI26063326
Bedrooms 4
Full Baths 4
Year Built 1955
Lot Size 0.498 Acres
Property Sub-Type Other Residential
Source California Regional MLS
Property Description
1/2-acre Mixed-Use property with 3 residential units and 1 commercial unit located directly off Grand Ave in the heart of Arroyo Grande. Property is a long strip 70 ft wide and the length of a football field. At the front of the property, directly across the street from Starbucks, is a 350 sq ft commercial building with paver parking lot. This space has been freshly refinished and can potentially be utilized for a wide range of businesses activities including retail, food & beverage, office space, personal services, or even lodging. Heading up the driveway are 3 residential units, each with their own dedicated parking and patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced front yard. It has a stacked washer/dryer setup in the bathroom. The back 2 units are both 1 bedroom 1 bath and have been fully refinished with all new cabinets, counters, flooring, fixtures, tile showers, etc. They share a common laundry room that is accessed from each of their respective covered patios. The 3 residences are currently rented for $7,700 per month, and the commercial space is estimated to be able to rent for $2,300 per month, bringing the total gross rents possible on existing units to approximately $10,000 per month. The back 1/4-acre of the prope
Location
State CA
County San Luis Obispo
Area Arrg - Arroyo Grande
Zoning GC
Interior
Cooling None
Fireplaces Type None
Laundry In Laundry Room, Stacked Only
Exterior
Fence Wood, Chain Link
Pool None
View Ocean
Roof Type Composition
Building
Lot Description Grade - Gently Sloped
Story One Story
Water Other, District - Public
Others
Tax ID 077101020
Special Listing Condition Not Applicable
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