$2,325,000
$2,475,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 05/08/2025
Key Details
Sold Price $2,325,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI25034031
Sold Date 05/08/25
HOA Y/N No
Year Built 1984
Lot Size 0.284 Acres
Property Sub-Type Mixed Use
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
Area Ag-West Of Hwy 101
Zoning R3
Interior
Interior Features All Bedrooms Up
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type Bath, Kitchen, Living Room
Fireplace Yes
Appliance Gas Range, Gas Water Heater
Laundry Common Area
Exterior
Parking Features Carport, On Site, Paved
Carport Spaces 8
Pool None
Community Features Curbs, Dog Park, Park, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 16
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 077272052
Acceptable Financing Cash
Listing Terms Cash
Financing Private
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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