11
See all 11 photos
$825,000
Est. payment /mo
New
422 E Grand AVE Arroyo Grande, CA 93420
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Key Details
Property Type Single Family Home
Sub Type Other Residential
Listing Status Active
Purchase Type For Sale
Square Footage 1,066 sqft
Price per Sqft $773
MLS Listing ID CRPI25062840
Bedrooms 2
Full Baths 1
Originating Board California Regional MLS
Year Built 1952
Lot Size 6,250 Sqft
Property Sub-Type Other Residential
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 det
Location
State CA
County San Luis Obispo
Area Ag-West Of Hwy 101
Zoning HMU - Highway Mixed USes
Interior
Heating No Heating
Cooling None
Fireplaces Type None
Laundry Gas Hookup, In Laundry Room, 30
Exterior
Parking Features Garage, Other
Garage Spaces 2.0
Pool 31, None
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 006175020
Special Listing Condition Not Applicable
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Listed by Michael Puhek • RE/MAX Success