Homes for sale - 1218 & 1220 E Grand AVE, Arroyo Grande, CA 93420

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The Warburton Team Brokered By EXp

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

$1,679,000

Est. payment - /mo

0.5 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision West Of 101(1000)

MLS Listing ID PI25091995

HOA Y/N No

Year Built 1955

Lot Size 0.498 Acres

Property Sub-Type Mixed Use

Property Description

1/2-acre Residential/Commercial mixed use property located on Grand Ave next to Chase bank, and directly across from Starbucks & Chipotle. Property is a long strip 70 ft wide by 310 ft long, with single ingress/egress directly off Grand Ave. At the front of the property, just along the pedestrian zone is an approximately 350 sq ft stand alone commercial unit with full bathroom and loft area, and an adjacent 1,000 sq ft paver parking/patio area. This space is currently setup as a home-style office and can potentially be utilized for a wide range of businesses activities, including but not limited to retail sales, food & beverage, lodging/vacation rental, and a variety of different services. Heading up the driveway are 3 residential units, each with their own dedicated parking and yard/patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced yard in the front. 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. All 3 residential units are rented fully furnished on a medium-long term basis, with the front two both coming vacant in early May. The back 1/2 of the property includes a large gravel parking area, a small "club house", RV hookups, and a large yard with chicken coops, raised garden bed and fruit trees. This part of the property has ground level ocean views and could potentially be developed with a new single family residence or multiple additional rental units. Alternatively it could be utilized to support one's business ventures, as the unique zoning of the property allows for many potential uses in addition to the existing residences. This property is definitely a must see!

Location

State CA

County San Luis Obispo

Area Arrg - Arroyo Grande

Zoning GC

Interior

Fireplace No

Laundry Laundry Room, Stacked

Exterior

Fence Chain Link, Wood

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

View Y/N Yes

View Ocean

Roof Type Composition

Private Pool No

Building

Lot Description Garden, Gentle Sloping, Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public, See Remarks

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 077101020

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Brenda Auer • Auer Real Estate Inc. • 805-801-6694

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