Homes for sale - 422 E Grand AVE, Arroyo Grande, CA 93420

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$825,000

Est. payment - /mo

2 Beds

1 Bath

1,066 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,066 sqft

Price per Sqft $773

MLS Listing ID PI25062840

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1952

Lot Size 6,250 Sqft

Property Sub-Type Mixed Use

Property Description

This mixed-use commercial/residential property includes: A two-bedroom, one-bath house currently tenant-occupied, generating $1,768 per month in rent. Also included is a charming one-bedroom, one-bath unit situated above a two-car garage with an adjacent laundry room and storage unit, generating $1,632 per month in rent. The parcel is 0.14 acres and offers approximately five parking spaces, including the garage spaces. Located in a thriving trade district, this property sits on Grand Avenue, the main corridor connecting Arroyo Grande to Grover Beach and the Pacific Ocean. Just a short walk east over the 101 freeway leads to the charming Village of Arroyo Grande, renowned for its excellent restaurants, unique shops, and welcoming community. According to City Planning, this site is ideal for mixed-use development and presents an excellent opportunity for investors or developers. While future development plans are made, buyers can continue collecting reliable rental income. With broad zoning, the possibilities for this property are extensive.

(Additional Opportunity: This property can be purchased in conjunction with two adjacent properties: 414 E Grand Ave. (APN:006-175-006) and 418 E Grand Ave. (APN: 006-175-005). See listing numbers PI25062348 and PI25062830 for additional details. Combined, these properties provide a total of 0.43 acres with four mixed-use zoned houses across three parcels in the heart of Arroyo Grande.)

All information is deemed reliable but not guaranteed. Buyers and their agents are responsible for conducting all due diligence and confirming intended uses with the city's Building and Planning Department. PLEASE DO NOT DISTURB TENANTS.

Location

State CA

County San Luis Obispo

Area Ag-West Of Hwy 101

Zoning HMU - Highway Mixed USes

Rooms

Main Level Bedrooms 2

Interior

Interior Features All Bedrooms Down

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Parking Features Driveway, Garage, Paved

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Sidewalks

View Y/N No

View None

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Level, Rectangular Lot, Street Level

Dwelling Type Mixed Use

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Lucia Mar Unified

Others

Senior Community No

Tax ID 006175020

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Michael Puhek • RE/MAX Success • 805-459-1627

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