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.
This charming two unit property is a rare find in Arroyo Grande. Properties like this do not come on the market often. Unit 1137 (Back Unit) features a spacious 2 bedroom 1 bath layout with an open floor plan, perfect for comfortable living. Located entirely upstairs the unit offers a bright and airy atmosphere with a one car garage and washer and dryer. Fenced yard. this property offers an investment opportunity or a place to call home. Unit 1139 (front unit) offers a two car garage with bath. The unit has a large living and dining area with an additional family room. Two bedrooms and bath downstairs with additional master and bath upstairs. Large front and back yard that enhances your outdoor living.
Discover an unparalleled investment opportunity with this 11-unit apartment complex, ideally situated in the heart of Arroyo Grande. Just moments from the charming village, this property offers easy access to top-rated medical facilities, public transportation, schools, and the 101 freeway. Residents will enjoy a wealth of nearby amenities, including shopping, dining, and entertainment options. Plus, the Pacific Ocean and the renowned Oceano Dunes are only 3 miles away, offering endless recreational activities such as 4-wheeling, horseback riding, and sunbathing. This complex boasts an impressive track record with minimal vacancy rates, thanks to its superior location and recent upgrades, including refreshed stairs, new paint, updated fences, and improved carports. Whether you're looking to expand your investment portfolio or capitalize on a property with high tenant demand, this apartment complex presents an exceptional opportunity.
The median home value in Arroyo Grande, CA is $930,000. This is higher than the county median home value of $812,000. The national median home value is $338,100. The average price of homes sold in Arroyo Grande, CA is $930,000. Approximately 59.85% of Arroyo Grande homes are owned, compared to 31.95% rented, while 8.2% are vacant. Arroyo Grande real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Arroyo Grande real estate agent to arrange a tour today!
Arroyo Grande, California has a population of 18,422. Arroyo Grande is more family-centric than the surrounding county with 28.12% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Arroyo Grande, California is $90,405. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Arroyo Grande is 46.7 years.
The average high temperature in July is 72.7 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 19.5 inches per year, with 0 inches of snow per year.