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1191 Fair Oaks Avenue

Arroyo Grande, CA 93420

– beds
– baths
– sqft
12,371 sqft lot
1984 build
– on site

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.

Listed By CRMLS_CA / Bryan Friedman / Berkshire Hathaway Home Servic / 805-704-7080

Last checked: Checking… • Last updated Feb 15, 2025 •

MLS# PI25034031 —

The Building

Year Built:

1984
Year Built Source:

Seller
New Construction:

No
Building Area Total:

6185.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Levels:

Two
Entry Location:

Ground Level
Flooring:

Carpet, Laminate
Room Type:

All Bedrooms Up, Kitchen
Fireplace:

Yes
Fireplace:

Bath, Kitchen, Living Room
Laundry:

Common Area
Laundry:

1

Location

Directions:

NE Corner of South Elm Street and Fair Oaks Avenue
Latitude:

35.11244400
Longitude:

-120.60021900

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

R3
Lot Features:

Corner Lot
Lot Size Area:

12371.0000
Lot Size Acres:

0.2840
Lot Size SqFt:

12371.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

119.04
Tax Lot:

114

The Listing

Special Listing Conditions:

Standard
Parcel Number:

077272052

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

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

Public Sewer
Electric:

Electricity - On Property, Standard
Water Source:

Public

Appliances

Appliances:

Gas Range, Gas Water Heater
Included:

Yes

The Community

Features:

Curbs, Dog Park, Park, Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Carport, Paved, On Site
Parking Spaces:

16.00
Uncovered Spaces:

8.00
Carport Spaces:

8.00

Extra Units

Number With Refrigerator:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/14/25 Feb 14, 2025	Listed / Active	CRMLS_CA	$2,550,000

Multifamily For Sale

$2,550,000

Listing provided by broker:

Bryan Friedman

Berkshire Hathaway Home Servic

805-704-7080

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This multifamily located in Arroyo Grande, CA 93420 is currently for sale for $2,550,000. 1191 Fair Oaks Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 5 days. This multifamily is in the attendance area of Paulding Middle School, Harloe Elementary School, and Arroyo Grande High School.

Listing Courtesy of: CRMLS_CA and Berkshire Hathaway Home Servic. Based on information from California Regional Multiple Listing Service, Inc. as of 12:01 on Feb 19.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.