1191 Fair Oaks Avenue, Arroyo Grande CA, 93420

Active

1191 Fair Oaks Avenue

Arroyo Grande CA, 93420

$2,550,000

$412.29 per sqft

Active

6,185 sqft

Multi-family

Built in 1984

Listed by Bryan Friedman with Berkshire Hathaway Home Servic 805-704-7080

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, private rear patio, one carport parking space and one uncovered on-site parking space. 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. Please Do not disturb Tenants.

PI25034031

MLSⓇ ID

February 14, 2025

Listed

February 16, 2025

Updated

Interior Features

Total Stories: 2
Interior Features: All Bedrooms Up
Appliances: Gas Range, Gas Water Heater
Laundry Description: Common Area
Floor Description: Carpet, Laminate
Fireplace: Yes
Fireplace Description: Bath, Kitchen, Living Room
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.28 Acres
Lot Features: Corner Lot
Sewer: Public Sewer

Other Property Details

Area Name: AG-West of Hwy 101
Days on Market: 1
Accessibility: None
Garage: No
Parking: Carport, On Site, Paved
Parking Total: 16
View: No
County: San Luis Obispo
Water Source: Public
Pool: No
Pool Features: None
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning: R3

Listing Contact: 805-556-3100

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/16/2025 at 10:38 AM UTC