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1220 1218 E Grand Avenue

Arroyo Grande, CA 93420

$1,499,000 $6,319/Mo

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Overview

Bed

Bath

2,060

Sqft

21,700

Sqft(Lot)

Description

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.

Property Details

Property Type : Residential Income

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

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public,See Remarks Sewer: Public Sewer
Interior Features

Roof: Composition Interior Features: All Bedrooms Down Fireplace: None
Cooling Features

None Air Conditioning

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1955 Building Area Total: 2,060 Roof: Composition
Pool Features

None

Laundry Features

Laundry Room,Stacked

Fencing

Chain Link,Wood

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4982
Lot Size Source: Assessor Lot Size Square Feet: 21700

Listing Price Information

Original List Price: 1,499,000 Listing Contract Date: 2026-03-27
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 077101020

Other Property Info

Source Listing Status: Active Source Neighborhood: ARRG - Arroyo Grande Postal Code Plus 4: 2447 Directions: US 101 to Grand Ave, head west, property is on the right just passed Elm St. Zoning: GC Source Property Type: Residential Income Area: ARRG - Arroyo Grande Property SubType: Mixed Use
Building and Construction

Property Age: 71 Common Walls: 2+ Common Walls Structure Type: Mixed Use Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

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1155 Carpenter Canyon R.., Arroyo Grande, CA, 93420	$2,475,000	4	4	3,104	3,104 SqFt
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1220 1218 E Grand Avenue

Property Details

Map

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Nearby Areas

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Interior Features

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Property / Lot Details

Listing Information

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