1191 Fair Oaks Avenue, Arroyo Grande (93420)
$2,475,000
PROPERTY DETAILS
| Address: |
view address Arroyo Grande, CA 93420 Map Location |
Features: | Multi-level |
|---|---|---|---|
| Lot Size: | 12371.0 | Year Built: | 1984 |
| Property Type: | Mixed Use | County: | San Luis Obispo |
| Zoning: | R3 | List Date: | 2025-02-13 |
| Listing Number: | PI25034031 | Listed By: | Berkshire Hathaway Home Servic |
| Listing Office: | 805-704-7080 | Days on market: | 28 |
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, private rear patio, one carport parking space and one uncovered on-site parking space. 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.
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Interior
Appliances
| Appliances: | Gas Water Heater, Gas Range |
Features
| Fireplace features: | Bath, Kitchen, Living Room | Fireplace: | Yes |
| Flooring: | Carpet, Laminate | Laundry Features: | Common Area |
| Laundry: | Yes |
Cooling & Heating
| Cooling features: | None | Heating features: | Wall Furnace |
| Heating: | Yes |
Exterior
Exterior and Lot
| Lot features: | Corner Lot |
Pool and Spa
| Pool Features: | None |
Parking
| Parking features: | Carport, On Site, Paved |
Property and Lot Details
Features
| Community Features: | Park, Sidewalks, Street Lights, Curbs |
Other
| Sewer: | Public Sewer |
Fee
| Special Listing Conditions: | Standard |
Building Information
| Year Built: | 1984 | Levels: | Two |
| Stories: | 2 |
Lot
| Lot Dimensions: | 12371.0 | Zoning: | R3 |
Construction
| Building Area total: | 6185.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2025 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2025 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2025 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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