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Listed by Bryan Friedman • Berkshire Hathaway Home Servic
$2,475,000
Est. payment /mo
0.28 Acres Lot
Contingent
1191 Fair Oaks AVE Arroyo Grande, CA 93420
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Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPI25034031
Originating Board California Regional MLS
Year Built 1984
Lot Size 0.284 Acres
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
Rooms
Kitchen Other, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Carport , Common Parking Area, Other
Garage Spaces 16.0
Pool None
Building
Water District - Public
Others
Tax ID 077272052
Special Listing Condition Not Applicable , Accepting Backups
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