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    1136 E Grand Avenue

    Arroyo Grande, CA 93420
    • $1,550,000
    • STATUS: Active
    • ON SITE: 388 days
    • ID#: SP19258153
    UPDATED: 32 min ago
    $1,550,000
    • 0
      BEDS
    • 0.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 36,118
      SQFT
    • $43
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:

    School Ratings & Info

    Description

    Development opportunity in Arroyo Grande. East Grand Village is approved and entitled to build 22 new residential units and retail frontage on East Grand Avenue. 2 identical mixed use buildings front E. Grand Ave. with commercial on ground floor and spacious 2-bedroom apartments above, ideal for a live work scenerio. 20 additional 2-bedroom units make up the interior lot. The interior units are designed to have individual facades per a variety of unit types to scale appropriately with adjacent residential zones. Roof decks for each unit adds quality outdoor space for future tenants/owners. A new drive aisle between the two mixed use buildings leads to a 40-stall surface parking lot screened entirely from street view. Currently the 2 buildings on site generate $3,595 per month in income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T16:27:07.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/100567834
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    1136 E Grand Avenue Arroyo Grande, CA 93420

    • Price: $1,550,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: SP19258153
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.92
    Acres
    36,118
    SQFT
    $43
    $/SQFT
    1945
    Built
    Neighborhood:
    ARRG - Arroyo Grande
    County:
    San Luis Obispo
    Area:
    ARRG - Arroyo Grande
    Property Description
    Development opportunity in Arroyo Grande. East Grand Village is approved and entitled to build 22 new residential units and retail frontage on East Grand Avenue. 2 identical mixed use buildings front E. Grand Ave. with commercial on ground floor and spacious 2-bedroom apartments above, ideal for a live work scenerio. 20 additional 2-bedroom units make up the interior lot. The interior units are designed to have individual facades per a variety of unit types to scale appropriately with adjacent residential zones. Roof decks for each unit adds quality outdoor space for future tenants/owners. A new drive aisle between the two mixed use buildings leads to a 40-stall surface parking lot screened entirely from street view. Currently the 2 buildings on site generate $3,595 per month in income.
    Exterior Features

    Lot Features 21-25 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Proposed Country Us Electric Expense 1200.00 Expense Year 2018 Gross Scheduled Income 43140.00 Insurance Expense 888.00 Laundry YN Yes Leasable Area Units Square Feet Legal Accounting Expense 1365.00 Living Area Source Plans Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 27399.00 Number Of Units Leased 2 Operating Expense 15741.00 Property Sub Type Mixed Use Real Estate Tax Expense 11238.00 Special Listing Conditions Standard Total Expenses 15741.00 Trash Expense 250.00 Water Sewer Expense 800.00 Water Source Agricultural WellPublic

    Listing provided courtesy of Levi Seligman of Acquire Mortgage & Real Estate and Daniel Dal Porto of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T16:27:07.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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