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1218 1220 E Grand Avenue Arroyo Grande, CA 93420
$1,679,000 0 beds, 0 baths
0 sqft
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1/2-acre Residential/Commercial mixed use property located on Grand Ave next to Chase bank, and directly across from Starbucks & Chipotle. Property is a long strip 70 ft wide by 310 ft long, with single ingress/egress directly off Grand Ave. At the front of the property, just along the pedestrian zone is an approximately 350 sq ft stand alone commercial unit with full bathroom and loft area, and an adjacent 1,000 sq ft paver parking/patio area. This space is currently setup as a home-style office and can potentially be utilized for a wide range of businesses activities, including but not limited to retail sales, food & beverage, lodging/vacation rental, and a variety of different services. Heading up the driveway are 3 residential units, each with their own dedicated parking and yard/patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced yard in the front. It has a stacked washer/dryer setup in the bathroom. The back 2 units are both 1 bedroom 1 bath and have been fully refinished with all new cabinets, counters, flooring, fixtures, tile showers, etc. They share a common laundry room that is accessed from each of their respective covered patios. The 3 rentals have averaged $7,500/month gross rental income for the past couple of years. The back 1/2 of the property includes a large gravel parking area, a small "club house", RV hookups, and a large yard with chicken coops, raised garden bed and fruit trees. This part of the property has ground level ocean views and could potentially be built out with a new single family home or multiple additional rental units. Alternatively it could be utilized to support one's business ventures, as the unique zoning of the property allows for many potential uses in addition to the existing residences. With this property you can take your business ventures to the next level while letting the existing rental income the mortgage Definitely a must see!

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# PI25091995
List price is $1,679,000
Beds: 0
Baths: 0
Built in 1955
1 story
0.50 acres
Lot size: 0.4982
Subdivision: West of 101(1000)
County: San Luis Obispo
Zoning: GC
Lot description: Garden,Gentle Sloping,Rectangular Lot
MLS area: ARRG - Arroyo Grande

Last Updated: 5/18/2025

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This listing belongs to the ARRG - Arroyo Grande MLS area

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Lat/Long: 35.121128, -120.601234.
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Listing Agent: Brenda Auer
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Lic#: 01276603

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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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