1191 Fair Oaks Avenue

Arroyo Grande, CA 93420

$2,550,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1984

calendar_month Built

Property Description

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.

Listing Information

List Price $2,550,000
Status Active
MLS PI25034031
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1984
Lot Size 12,371
Structure Size N/A
DOM 1
Courtesy Of Berkshire Hathaway Home Servic
Listing Agent Bryan Friedman DRE#00883991

Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Features All Bedrooms Up
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Laminate
Fireplace Information
Features Bath, Kitchen, Living Room
Additional Information
Additional Features All Bedrooms Up
Cooling Type
Cooling Type None
Heating Type
Heating Type Wall Furnace

Maps

home_work Nearby Properties

Listing information courtesy of: Bryan Friedman, Berkshire Hathaway Home Servic 805-556-3100. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 15th, 2025 at 5:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.