Arroyo Grande, CA 93420,1191 Fair Oaks Avenue
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Arroyo Grande, CA 93420,1191 Fair Oaks Avenue
Arroyo Grande, CA 93420,1191 Fair Oaks Avenue
Arroyo Grande, CA 93420,1191 Fair Oaks Avenue
Arroyo Grande, CA 93420,1191 Fair Oaks Avenue
Listed by Bryan Friedman • Berkshire Hathaway Home Servic

$2,325,000

Est. payment /mo

$2,475,000

6.1%
Est.Price: ?

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1191 Fair Oaks Avenue Arroyo Grande, CA 93420

6,185 SqFt

SOLD DATE : 05/08/2025

Key Details

Sold Price $2,325,000

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Sold

Purchase Type For Sale

Square Footage 6,185 sqft

Price per Sqft $375

MLS Listing ID PI-25034031

Sold Date 05/08/25

Year Built 1984

Lot Size 0.284 Acres

Property Sub-Type Commercial/Residential

Property Description

Price improvement on a 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, one carport parking space and one uncovered on-site parking space. Five of the units have their own private rear patio area. 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 and great value at only $309,000 per unit. Please Do not disturb Tenants.

Location

State CA

County San Luis Obispo

Area Ag-West Of Hwy 101

Zoning R3

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type Bath, Kitchen, Living Room

Laundry Common Area

Exterior

Parking Features On Site, Paved, Carport

Pool None

Community Features Curbs, Dog Park, Park, Sidewalks, Street Lights

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

Building

Lot Description Corner Lot

Sewer Public Sewer

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agent

Sarah Slattery

+1(805) 813-7801

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