USACAArroyo GrandeWest of 101(1000)1218-1220 E Grand Avenue

1218-1220 E Grand Avenue, Arroyo Grande, CA

Name: 1218-1220 E Grand Avenue, For Sale in Arroyo Grande - eXp Realty
Brand: Auer Real Estate Inc.
SKU: PI26067088
Price: 1499000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,499,000

000

MLS® PI26067088

Key Facts
Description
Rooms
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes

Days Active 72

Approx. Age 1955

MLS® Number PI26067088

Property Address: 1218-1220 E Grand Avenue, Arroyo Grande, CA, 93420

Average square foot calculated using Size range provided by listing agent.

Description

1/2-acre Mixed-Use property with 3 residential units and 1 commercial unit located directly off Grand Ave in the heart of Arroyo Grande. Property is a long strip 70 ft wide and the length of a football field. At the front of the property, directly across the street from Starbucks, is a 350 sq ft commercial building with paver parking lot. This space has been freshly refinished and can potentially be utilized for a wide range of businesses activities including retail, food & beverage, office space, personal services, or even lodging. Heading up the driveway are 3 residential units, each with their own dedicated parking and patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced front yard. It has a stacked washer/dryer setup in the bathroom. The back 2 units are both 1 bedroom 1 bath and have been fully refinished with all new cabinets, counters, flooring, fixtures, tile showers, etc. They share a common laundry room that is accessed from each of their respective covered patios. The 3 residences are currently rented for $7, 700 per month, and the commercial space is estimated to be able to rent for $2, 300 per month, bringing the total gross rents possible on existing units to approximately $10, 000 per month. The back 1/4-acre of the property feels like it could be its own lot, and largely represents a blank slate for the new owner. Currently it includes a large gravel parking area and a small bonus structure with wrap around lanai. There are RV hookups and a large yard with lots of storage. The top part of the property has ground level ocean views and could potentially be built out with a new single family home or multiple additional rental units. Seller says 3 ADUs at back of property are doable vs building a large multi-family structure (buyer to confirm with city). Alternatively the back 1/2 of the property could be utilized to support one's business ventures, by building a shop or storing equipment, as the zoning allows for many potential uses in addition to the existing residences. This is a must see to appreciate kind of property! The back half is set back far enough from Grand Ave that you actually get a great sense of quiet, peacefulness and privacy while maintaining the central in-town feel and convenience. One could potentially come setup their RV and build a downtown ocean-view primary home in the back while letting the existing cash-flowing rentals in the front pay the mortgage bill.

MLS® NumberPI26067088

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelLaundry Room, Stacked

Exposure

Exterior

GarageNo

Approx. Age1955

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 28, 2026List Date

$1,499,000List Price

Commute

Commute

Starting Address

Destination Address

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