414 East Grand Avenue, Unit 414 418 422 & 422 1/2

Arroyo Grande, CA 93420

$1,995,000
Price
—
Beds
3,358 Sq. Ft.
$594 / Sq. Ft.
3,358
Sq. Ft.
$594
per Sq. Ft.

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.
  1. Listed by Michael Puhek • DRE #01441759 • Brokerage DRE #02126113 • RE/MAX Success • 805-459-1627

Property Details for 414 East Grand Avenue, Unit 414 418 422 & 422 1/2

Parking Spaces Total
19
Total Units
4.0
Lot Size Source
Assessor
Building Area Total
3358
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
006175006
LISTING UPDATED: 11/01/2024 06:48 AM

Property Details for 414 East Grand Avenue, Unit 414 418 422 & 422 1/2

StatusActive
MLS #PI24190156
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1936
Lot Size0.43 AC / 18,730 SF
CountySan Luis Obispo County

Building Information for 414 East Grand Avenue, Unit 414 418 422 & 422 1/2

Stories2Residences-Year Built1936Lot Size0.43 AC / 18,730 SF

Property Information for 414 East Grand Avenue, Unit 414 418 422 & 422 1/2

Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Cooling: None
Exterior Features
  • Roof: Shingle
Land/Lot Info
  • Sign on Property: Yes
  • Additional Parcels Description: 006-175-005,006-175-020
  • Lot Features: Rectangular Lot, Level, Paved
  • Current Use: Multi-Family
  • Current Use Comments: 422 and 4221/2 are tenant occupied
  • Land Use: Other
  • Lease Considered: No
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Area: 592
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: 414 E Grand
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Area: 935
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: 418 E Grand
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,768
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: 422 E Grand
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,632
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
  • Unit Type Description: 422 1/2 E Grand
Unit Information
  • Number Of Units Leased: 2
  • Number Of Buildings: 4

Property History for 414 East Grand Avenue, Unit 414 418 422 & 422 1/2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 414 East Grand Avenue, Unit 414 418 422 & 422 1/2

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Ocean View Elementary School
Public - K to 6
Paulding Middle School
Public - 7 to 8
Arroyo Grande High School
Public - 9 to 12
Lopez Continuation High School
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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More information about 414 East Grand Avenue, Unit 414 418 422 & 422 1/2, Arroyo Grande, CA 93420

414 East Grand Avenue, Unit 414 418 422 & 422 1/2 is a mixed use property for sale in Arroyo Grande, CA 93420. This property was listed for sale on September 12, 2024 by RE/MAX Success, it's currently listed at $1,995,000. This listing's school district is Lucia Mar Unified School District. Nearby schools include Ocean View Elementary School, Paulding Middle School and Arroyo Grande High School. 414 East Grand Avenue, Unit 414 418 422 & 422 1/2 is a 0-bed, 0-bath, 3,358 sqft mixed use property built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Success, Michael Puhek, DRE #01441759

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.