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Listed by Michael Puhek • RE/MAX Success
$825,000
Est. payment /mo
2 Beds
1 Bath
1,066 SqFt
Active
422 East Grand Avenue Arroyo Grande, CA 93420
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,066 sqft
Price per Sqft $773
MLS Listing ID PI-25062840
Bedrooms 2
Full Baths 1
Year Built 1952
Lot Size 6,250 Sqft
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
Zoning HMU - Highway Mixed USes
Interior
Heating None
Cooling None
Fireplaces Type None
Laundry Gas Dryer Hookup, Individual Room, Washer Hookup
Exterior
Parking Features Driveway
Garage Spaces 2.0
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description Level, Level with Street, Rectangular Lot
Sewer Public Sewer