1220 1218 E Grand Avenue, Arroyo Grande, California image 1
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1220 1218 E Grand Avenue

Arroyo Grande, CA 93420
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$1,499,000 $6,319/Mo
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Bed 0

Bed

Bath 0

Bath

SqFt2,060

Sqft

SqFt21,700

Sqft(Lot)

1/2-acre Mixed-Use property with 3 residential units and 1 commercial unit located directly off Grand Ave in the heart of Arroyo Grande. Property is a long strip 70 ft wide and the length of a football field. At the front of the property, directly across the street from Starbucks, is a 350 sq ft commercial building with paver parking lot. This space has been freshly refinished and can potentially be utilized for a wide range of businesses activities including retail, food & beverage, office space, personal services, or even lodging. Heading up the driveway are 3 residential units, each with their own dedicated parking and patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced front yard. It has a stacked washer/dryer setup in the bathroom. The back 2 u nits 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 residences are currently rented for $7,700 per month, and the commercial space is estimated to be able to rent for $2,300 per month, bringing the total gross rents possible on existing units to approximately $10,000 per month. The back 1/4-acre of the property feels like it could be its own lot, and largely represents a blank slate for the new owner. Currently it includes a large gravel parking area and a small bonus structure with wrap around lanai. There are RV hookups and a large yard with lots of storage. The top 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. Seller says 3 ADUs at back of property are doable vs building a large multi-family structure (buyer to confirm with city). Alternatively the back 1/2 of the property could be utilized to support one's business ventures, by building a shop or storing equipment, as the zoning allows for many potential uses in addition to the existing residences. This is a must see to appreciate kind of property! The back half is set back far enough from Grand Ave that you actually get a great sense of quiet, peacefulness and privacy while maintaining the central in-town feel and convenience. One could potentially come setup their RV and build a downtown ocean-view primary home in the back while letting the existing cash-flowing rentals in the front pay the mortgage bill.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,499,000

AD Id : 76606235

MLS Id : PI26067088

Lot Size : 21,700 Sqft

Living Area Size : 2,060

Year Built : 1955

County : San Luis Obispo

Subdivision: Country Club Estates

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Feature Features

  • Interior Features

    All Bedrooms Down
    Roof: Composition
    Laundry Features: Laundry Room, Stacked

  • Heating & Cooling

    Cooling: None

  • Building Information

    Year Built: 1955
    Building Area Total: 2060
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Ocean

  • Lot Information

    Main Square Feet: 21700 Lot Size Acres: 0.4982 Lot Size Source: Assessor Lot Size Square Feet: 21,700 Lot Description: Garden,Gentle Sloping,Rectangular Lot

    Property Information

    Subdivision: West of 101(1000) Source Property Type: Residential Income Postal Code Plus 4: 2447 Property SubType: Mixed Use Levels: One Property Age: 71

  • Listing Price Information

    Listing Price: $1499000
    Cash to New Loan, Conventional

  • Tax Information

    Parcel Number: 077101020 Tax Lot: 15

  • Location Information

    Direction: US 101 to Grand Ave, head west, property is on the right just passed Elm St. WaterSource: Public, See Remarks
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/16/2026 @ 16:13

MLS: PI26067088 LISTED BY: Brenda Auer, Auer Real Estate Inc. 805-801-6694 SOURCE: CRMLS

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