Price improvement on a 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, one carport parking space and one uncovered on-site parking space. Five of the units have their own private rear patio area. 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 and great value at only $309,000 per unit. Please Do not disturb Tenants.
Sold for $2,325,000
Street View
Listed by: Berkshire Hathaway Home Servic • Bryan Friedman • Contact: 805-556-3100
Bought with: NONMEMBER MRML
$2,325,000
1191 Fair Oaks Ave, Arroyo Grande, CA 93420
16beds
16baths
6,185sqft
Mixed Use
Built in 1984
-- sqft lot
$2,356,300 Zestimate®
$376/sqft
$2,023 Estimated rent
Home value
$2,356,300
$2.14M - $2.59M
$2,023/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Bryan Friedman DRE #00883991 805-704-7080,
Berkshire Hathaway Home Servic
Bought with:
General NONMEMBER, DRE #01509917
NONMEMBER MRML
Source: CRMLS,MLS#: PI25034031
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Rooms
- Room types: Bedroom, Kitchen
Bedroom
- Features: All Bedrooms Up
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range, Gas Water Heater
- Laundry: Common Area
Features
- All Bedrooms Up
- Flooring: Carpet, Laminate
- Has fireplace: Yes
- Fireplace features: Bath, Kitchen, Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,185
- Total interior livable area: 6,185 sqft
Property
Parking
- Total spaces: 16
- Parking features: Carport, On Site, Paved
- Carport spaces: 8
- Uncovered spaces: 8
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level
- Pool features: None
Lot
- Size: 0.28 Acres
- Features: Corner Lot
Details
- Parcel number: 077272052
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Electric: Electricity - On Property, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Dog Park, Park, Street Lights, Sidewalks
Location
- Region: Arroyo Grande
Financial & listing details
- Price per square foot: $376/sqft
- Date on market: 2/14/2025
- Cumulative days on market: 39 days
- Listing terms: Cash
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Listing removed | $2,550,000$412/sqft |
Source:  SDMLS #PI25034031 Report a problem | ||
| 6/23/2025 | Listed for sale | $2,550,000+9.7%$412/sqft |
Source: SDMLS #PI25034031 Report a problem | ||
| 5/8/2025 | Sold | $2,325,000-6.1%$376/sqft |
Source:  CRMLS #PI25034031 Report a problem | ||
| 4/4/2025 | Contingent | $2,475,000-2.9%$400/sqft |
Source: CRMLS #PI25034031 Report a problem | ||
| 2/15/2025 | Listed for sale | $2,550,000$412/sqft |
Source: CRMLS #PI25034031 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 93420
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Nearby schools
GreatSchools rating
- 7/10Harloe Elementary SchoolGrades: K-6Distance: 0.5 mi
- 6/10Paulding Middle SchoolGrades: 7-8Distance: 1.9 mi
- 9/10Arroyo Grande High SchoolGrades: 9-12Distance: 1.1 mi
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$2,356,300
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- California
- San Luis Obispo County
- Arroyo Grande
- 93420
- 1191 Fair Oaks Ave
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