Property Details
About this Property
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, one carport parking space and one uncovered on-site parking space. Five of the units have their own private rear patio area. 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.
MLS Listing Information
MLS #
CRPI25034031
MLS Source
California Regional MLS
Interior Features
Appliances
Other, Oven Range - Gas
Flooring
Laminate
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Carport, Common Parking Area, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1191 Fair Oaks Ave is a Residential Income in Arroyo Grande, CA 93420. This – square foot property sits on a 12,371 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,325,000 and was built in 1984. This address can also be written as 1191 Fair Oaks Ave, Arroyo Grande, CA 93420.
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This listing information is up-to-date as of May 09, 2025. For the most current information, please contact Bryan Friedman, (805) 556-3100
