414 E Grand Avenue

Arroyo Grande, CA 93420

  • 6 Bed(s)
  • 4 Bath(s)
  • 3,358 Sqft
  • 18730.8
    Sqft(Lot)
$1,995,000

Description

Fantastic investment opportunity in prime arroyo grande location! portfolio sale! seize the chance to own four homes across three separate parcels in the heart of arroyo grande. the following properties are included: 414 e grand ave, apn: 006-175-006, which includes a 1 bd 1 ba home situated on the front portion of the 0.15 acre lot which can accommodate approx. 8 parking spaces. 418 e grand ave, apn: 006-175-005, includes a 2 bd 1 ba home on 0.14 acres also situated on the front portion of the lot, with a parking area in the rear that can accommodate approx. 7 parking spaces. 422 & 422 1/2 e grand ave, apn: 006-175-020, includes 2 bd 1 ba home as well as a 1 bd 1 ba unit above a 2-car garage. this property is on 0.14 acres and can accommodate 4 parking spaces including the 2-car garage. currently, 422 and 422 1/2 are tenant-occupied, bringing in rental income of $1,768 and $1,632 per month, respectively. units 414 and 418 are vacant, ready to be rented at market rates. situated in a prime trade district, this property boasts a highly desirable location on grand avenue—the main artery connecting arroyo grande with grover beach and the pacific ocean. to the east, just a short walk over the 101 freeway, you'll find the charming village of arroyo grande, home to fantastic restaurants, shops, and a vibrant community. according to city planning, this site is ideal for mixed-use development, with potential for at least nine residential units (townhomes or apartments) in addition to commercial storefronts. buyers and their agents are responsible for confirming any intended use with the city’s building and planning department. all information is deemed reliable but not guaranteed and buyer and buyer’s agents are responsible for due diligence. this is an excellent development opportunity. while planning the property’s future, the buyer can continue collecting significant rental income. the flexibility of three parcels allows for a phased approach, giving you control over the scope and timeline of redevelopment. call today to schedule a viewing and bring your vision—and your contractor! please be respectful: do not disturb tenants or loiter on or near the property.

  • Property Type

    Residential

  • County

    San Luis Obispo

  • Style

    Residential

  • AD ID

    47053706

Sell a home like this and save $119,201 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Bedroom Information

    • Total Bedrooms : 6

    Bathroom Information

    • Total Baths: 4
    • Full Baths: 4

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1936
    • Roof: Shingle

    Pool Features

    • None

    Laundry Features

    • Electric Dryer Hookup,Gas Dryer Hookup

    Patio And Porch

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.43
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 18730.8

  • Listing Price Information

    • Original List Price: 1,995,000
    • Listing Contract Date: 2024-09-19

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 006175006

  • Garage and Parking

    • Garage Description: Garage,Paved
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: ARRG - Arroyo Grande
    • Directions: From US 101 exit on Grand Ave, Head W on Grand Ave, the properties will be on the Right hand side
    • Source Property Type: Residential
    • Area: ARRG - Arroyo Grande
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 88
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Total Square Feet Living: 3358
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
    • Structure Type: Mixed Use
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 11/23/2024 @ 21:27

  • MLS: PI24189686
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 3,358 sqft, 18,731 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Arroyo Grande , in zip code 93420, this San Luis Obispo County Home , it is in the West of 101(1000) Subdivision, are nearby neighborhoods.