414 East Grand Avenue
$1,995,000
6
4
3,358
3,358
$594
Description
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,...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.
- Listed by Michael Puhek • DRE #01441759 • Brokerage DRE #02126113 • RE/MAX Success • 805-459-1627
Property Details for 414 East Grand Avenue
View
Mountain(s)
Parking Spaces Total2
Private PoolNo
Cooling TypeNone
Total Units4.0
Building TypeDetached
Lot Size SourceAssessor
Living Area3358
LISTING UPDATED: 11/01/2024 06:48 AM
Property Details for 414 East Grand Avenue
Status | Active |
---|---|
MLS # | PI24189686 |
Days on Market | 58 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential / Single Family Residence |
Year Built | 1936 |
Lot Size | 0.43 AC / 18,730 SF |
County | San Luis Obispo County |
Building Information for 414 East Grand Avenue
Stories2Year Built1936Building Size-Lot Size0.43 AC / 18,730 SF
Property Information for 414 East Grand Avenue
Property History for 414 East Grand Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 414 East Grand Avenue
Taxable ValueLand$172,248Additions$17,204Total$189,452
Tax Record2024$1,999 ($167 / month)
Home Facts
Total Finished SqFt592 SqFtAbove Grade Finished SqFt592 SqFtLot Size6,534 SqFtStyleOffice BuildingYear Built1936CountySAN LUIS OBISPOAPN006-175-006
Schools near 414 East Grand Avenue
This home is within Lucia Mar Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ocean View Elementary School PublicK to 6 | ||
Paulding Middle School Public7 to 8 | ||
Arroyo Grande High School Public9 to 12 | ||
Lopez Continuation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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