414 E Grand Avenue
Arroyo Grande, CA 93420
- 6 beds
- 4 baths
- 3,358 sqft
- ~1/2 acre lot
- $594 per sqft
- 1936 build
- – on site
Fantastic Investment Opportunity in Prime Arroyo Grande Location! Portfolio Sale! Seize the chance to own four homes across three separate parcels in the heart of Arroyo Grande. The following properties are included: 414 E Grand Ave, APN: 006-175-006, which includes a 1 bd 1 ba home situated on the front portion of the 0.15 acre lot which can accommodate approx. 8 parking spaces. 418 E Grand Ave, APN: 006-175-005, includes a 2 bd 1 ba home on 0.14 acres also situated on the front portion of the lot, with a parking area in the rear that can accommodate approx. 7 parking spaces. 422 & 422 1/2 E Grand Ave, APN: 006-175-020, includes 2 bd 1 ba home as well as a 1 bd 1 ba unit above a 2-car garage. This property is on 0.14 acres and can accommodate 4 parking spaces including the 2-car garage. Currently, 422 and 422 1/2 are tenant-occupied, bringing in rental income of $1,768 and $1,632 per month, respectively. Units 414 and 418 are vacant, ready to be rented at market rates. Situated in a prime trade district, this property boasts a highly desirable location on Grand Avenue—the main artery connecting Arroyo Grande with Grover Beach and the Pacific Ocean. To the east, just a short walk over the 101 freeway, you'll find the charming Village of Arroyo Grande, home to fantastic restaurants, shops, and a vibrant community. According to city planning, this site is ideal for mixed-use development, with potential for at least nine residential units (townhomes or apartments) in addition to commercial storefronts. Buyers and their agents are responsible for confirming any intended use with the city’s building and planning department. All information is deemed reliable but not guaranteed and Buyer and Buyer’s Agents are responsible for due diligence. This is an excellent development opportunity. While planning the property’s future, the buyer can continue collecting significant rental income. The flexibility of three parcels allows for a phased approach, giving you control over the scope and timeline of redevelopment. Call today to schedule a viewing and bring your vision—and your contractor! Please be respectful: do not disturb tenants or loiter on or near the property.
Last checked:
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Checking…
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Last updated Nov 1, 2024
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MLS# PI24189686 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1936
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Year Built Source:Public Records
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New Construction:No
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Roof:Shingle
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Structure Type:Mixed Use
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Entry Level:1
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Patio:1
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Patio And Porch Features:None
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Common Walls:No Common Walls
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:Two
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Entry Location:1
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Room Type:See Remarks
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Gas & Electric Dryer Hookup
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Laundry:1
Room Dimensions
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Living Area:3358.00
Location
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Directions:From US 101 exit on Grand Ave, Head W on Grand Ave, the properties will be on the Right hand side
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Latitude:35.12059100
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Longitude:-120.58682900
The Property
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Property Type:Residential
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Subtype:Commercial/Residential
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Lot Features:Level with Street, Rectangular Lot, Level, Paved
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Lot Size Area:0.4300
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Lot Size Acres:0.4300
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Lot Size SqFt:18730.80
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Lot Size Source:Assessor
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View:1
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View:Mountain(s)
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Additional Parcels:Yes
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Additional Parcels Description:006-175-005,006-175-020
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:109.02
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Tax Lot:5
Beds
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Total Bedrooms:6
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Main Level Bedrooms:5
Baths
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Total Baths:4
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Full & Three Quarter Baths:4
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Main Level Baths:3
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Full Baths:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:006175006
Heating & Cooling
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:Lucia Mar Unified
The Community
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Subdivision:East of 101(500)
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Subdivision:East of 101(500)
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Senior Community:No
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Features:Sidewalks, Street Lights
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Paved, Garage
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Parking Spaces:2.00
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Attached Garage:Yes
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Garage Spaces:2.00
Monthly cost estimate
Asking price
$1,995,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,682
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| Taxes | N/A |
| Insurance | $548 |
| Utilities | $268 See report |
| Total | $11,498/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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11/1/24
Nov 1, 2024
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Price Changed | CRMLS_CA | $1,995,000 | -3.4% |
|
9/20/24
Sep 20, 2024
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Listed / Active | CRMLS_CA | $2,065,000 |
