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.
|
DAYS ON MARKET
|
83
|
LAST UPDATED
|
5/9/2025
|
|
YEAR BUILT
|
1984
|
COMMUNITY
|
AG-West of Hwy 101
|
|
COUNTY
|
San Luis Obispo
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 12, '25
|
$2,550,000
|
| Mar 12, '25 - Today |
$2,475,000 |
| AIR |
None |
| APPLIANCES |
Gas Range, Gas Water Heater |
| AREA |
AG-West of Hwy 101 |
| FIREPLACE |
Yes |
| GARAGE |
Carport, On Site, Paved |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Up |
| LOT |
0.28 acre(s) |
| LOT DESCRIPTION |
Corner Lot |
| PARKING |
Carport,On Site,Paved |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property,Standard |
| WATER |
Public |
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Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Berkshire Hathaway Home Servic
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/9/25 3:32 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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