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. Please Do not disturb Tenants.
Property Details
Price:
$2,550,000
MLS #:
PI25034031
Status:
Active
Baths:
0
Address:
1191 Fair Oaks Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
agwestofhwy101
City:
Arroyo Grande
Listed Date:
Feb 14, 2025
State:
CA
ZIP:
93420
Lot Size:
12,371 sqft / 0.28 acres (approx)
Year Built:
1984
See this Listing
Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
More About JoAnnMortgage Calculator
Schools
Interior
Accessibility Features
None
Appliances
Gas Range, Gas Water Heater
Cooling
None
Fireplace Features
Bath, Kitchen, Living Room
Flooring
Carpet, Laminate
Heating
Wall Furnace
Exterior
Community Features
Curbs, Dog Park, Park, Sidewalks, Street Lights
Electric
Electricity – On Property, Standard
Garage Spaces
0.00
Lot Features
Corner Lot
Parking Features
Carport, Paved, On Site
Parking Spots
16.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1191 Fair Oaks Avenue Arroyo Grande CA
- AreaAG-West of Hwy 101
- CityArroyo Grande
- CountySan Luis Obispo
- Zip Code93420
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Courtesy of Berkshire Hathaway Home Servic. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1191 Fair Oaks Avenue
Arroyo Grande, CA
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