Address
1173 Fair Oaks Avenue Arroyo Grande, CA
Price
$ 5,250,000
Property Attributes
  • MLS#SP1067816
  • TypeIncome
  • CountySAN LUIS OBISPO
  • CityArroyo Grande
  • AreaArroyo Grande
  • NeighborhoodWest of 101
  • Zip93420
  • Style
  • Price$ 5,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23370
  • Lot Size1.4 Acres
Listing Provided Courtesy Of:
Kevin King with King Properties.
Property Description

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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/10/2016 Listed $5,250,000

General Features

Community Features Sidewalks, Curbs, Street Lighting
Levels Two
Listagentstatelicense 01013696
Listing Agent Kevin King - BRE#01013696
MLS Area ARRG - Arroyo Grande
Price Per Square Foot 224.65
Subdivision West of 101(1000)
Subdivisionnameother West of 101(1000)
Total Units 28
Utilities Phone Connected, Cable Available
Zoning APT

Interior Features

Cooling None
Heating Forced Air
Laundry Y/N 1

Exterior Features

Building Area Total 23370.00
Foundation Slab
Lot (Land) Features Paved
Lot Size Source Assessor
Lot Size Square Feet 60984.00
Lotsizeunits Acres
Parking Features Covered Parking
Parking Y/N 1
Private Pool Y/N 1
Roof Shingle

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93420

Price
AVG $5.25M
$5.25M
Visits
AVG 68
67
Year Built
AVG 1980
1980
Walkscore
AVG 37
37

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