1191 Fair Oaks Avenue Arroyo Grande CA 93420 MLS #PI25034031

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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

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

Water Source

Public

Financial

Association Fee

0.00

Tenant Pays

Electricity, Gas

Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Arroyo Grande Neighborhoods

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