805 Dodson Way

Arroyo Grande, CA 93420

$4,150,000
Price
—
Beds
7,791 Sq. Ft.
$533 / Sq. Ft.
7,791
Sq. Ft.
$533
per Sq. Ft.

Description

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...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.
  1. Listed by Christa Lowry • DRE #01888396 • Brokerage DRE #01935192 • BHGRE Haven Properties • 805-710-1687

Property Details for 805 Dodson Way

View
Neighborhood
Parking Spaces Total
11
Private Pool
No
Cooling Type
N/K
Total Units
11.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7791
LISTING UPDATED: 12/10/2024 01:08 AM

Property Details for 805 Dodson Way

StatusActive
MLS #PI24182241
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1975
CountySan Luis Obispo County

Building Information for 805 Dodson Way

Building/Complex805 Dodson WayFloor-Stories2Residences-Pet Policy-Year Built1975Building Size-

Property Information for 805 Dodson Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $182,864
  • Gross Scheduled Income: $182,864
  • Vacancy Allowance: 0
  • Gross Operating Income: $182,864
  • Net Operating Income: $134,697
  • Cap Rate: 3.25
Expense Details
  • Operating Expense: $48,167
  • Expense Year: $2,024
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,562
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $48,167
Tax / Assessment Info
  • Tax Census Tract: 119.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 107
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Disposal, Refrigerator
  • Equipment: Community, Refrigerator
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Rain Gutters
  • Roof: Composition, Shingle
  • Entry Location: First floor
  • Fence: Yes
  • Fence: Privacy
  • Fencing: Excellent Condition, Wood
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 11-15 Units/Acre, Level with Street, Level, Paved, Sprinkler System
  • Lease Considered: No
  • Number Of Units: 11
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 11
  • Parking Features: Assigned, Carport, Detached Carport
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 Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 0
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,275
  • Unit Type Total Rent: $1,275
  • Unit Type Pro Forma: 0
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 0
  • Unit Type Type: 4
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 0
  • Unit Type Type: 5
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 0
  • Unit Type Type: 6
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 0
  • Unit Type Type: 7
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 0
  • Unit Type Type: 8
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 0
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 805 Dodson Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 805 Dodson Way

Taxable ValueLand$568,125Additions$820,626Total$1,388,751
Tax Record2024$14,653 ($1,221 / month)
Home Facts
Lot Size22,000 SqFtStyleMulti-Family Res (5+ Units)ZoningR3CountySAN LUIS OBISPOAPN006-544-025

Schools near 805 Dodson Way

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
Harloe 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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805 Dodson Way is a multi-family home for sale in Arroyo Grande, CA 93420. This property was listed for sale on August 16, 2024 by BHGRE Haven Properties, it's currently listed at $4,150,000. It has been on the market for a total of 92 days and was last sold on December 24, 2008. This listing's school district is Lucia Mar Unified School District. Nearby schools include Harloe Elementary School, Paulding Middle School and Arroyo Grande High School. 805 Dodson Way is a 0-bed, 0-bath, 7,791 sqft multi-family home built in 1975.

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Listing Courtesy of BHGRE Haven Properties, Christa Lowry, DRE #01888396

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