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1173 Fair Oaks Avenue, Arroyo Grande, CA 93420 (MLS # SP1067816)

Price $5,250,000
Status Active
Beds 0
Baths 0 bath
Home size 23,370 sq ft
Lot Size n/a
Days on Market 589
Marketing Remarks: The property consists of 5 buildings, each two story with wood frame and stucco construction. The property has been well maintained and has had recent improvements to both the exterior and interiors. The individual units are well sized with one bedroom and two bedroom units. Common areas include storage, a swimming pool, laundry facility, and a stand alone leasing office. There is abundant off street parking both covered and uncovered. The property includes a greenbelt at rear of property, with potential for additional units. Owner had approved plans for an additional 8 units on back greenbelt, laundry room expansion, and hot tub installation (Plans need update, use permit expired). The property is conveniently located near parks, schools, major retail, and employment. Rents are being raised substantially on turned over units, but there is still significant upside in rents. Selling at $187,500 per unit where single family homes in the neighborhood are selling above $500,000.
Property Type(s): Residential Income
Last Updated 6/12/2016 Tract West of 101(1000)
Year Built 1980 Community ARRG - Arroyo Grande
County San Luis Obispo

Additional Details

AIR None
AREA ARRG - Arroyo Grande
BASEMENT Foundation: Slab
GARAGE Covered Parking
HEAT Forced Air
LOT DESCRIPTION Paved
POOL Yes
SUBDIVISION West of 101(1000)
UTILITIES Phone Connected,Cable Available
ZONING APT

Location

 

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Listing provided by : Kevin King CalBRE:01013696, King Properties

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/20/18 6:46 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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