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414 E Grand Avenue #414, 418, 422 & 422 1/2
USD 2,065,000
Property ID: PI24190156
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414 E Grand Avenue #414, 418, 422 & 422 1/2 ,93420
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icon 18731 SqFt
icon Built in 1936
icon USD 110/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
2593
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1936
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Detailed Introduction Of This Home
Fantastic Investment Opportunity in Prime Arroyo Grande Location! Portfolio Sale! Seize the chance to own four homes across three separate parcels in the heart of Arroyo Grande (414 [1 bd 1 ba], 418 [2bd 2 ba], 422 [2 bd 1 ba] & 422 1/2 E [1 bd 1 ba with 2-car garage] Grand Ave). This versatile property offers multiple income-generating options. Currently, 422 and 422 1/2 are tenant-occupied, bringing in rental income of $1,507 and $1,675 per month, respectively. Units 414 and 418 are vacant, ready for remodeling and to be rented at market rates. Situated in a prime trade district, this property boasts a highly desirable location on Grand Avenue—the main artery connecting Arroyo Grande with Grover Beach and the Pacific Ocean. To the east, just a short walk over the 101 freeway, you'll find the charming Village of Arroyo Grande, home to fantastic restaurants, shops, and a vibrant community. According to city planning, this site is ideal for mixed-use development, with potential for at least nine residential units (townhomes or apartments) in addition to commercial storefronts. Buyers and their agents are responsible for confirming any intended use with the city’s building and planning department. All information if deemed reliable but not guaranteed and Buyer and Buyer’s Agents are responsible for due diligence. This is an excellent development opportunity. While planning the property’s future, the buyer can continue collecting significant rental income. The flexibility of three parcels allows for a phased approach, giving you control over the scope and timeline of redevelopment. Call today to schedule a viewing and bring your vision—and your contractor! Please be respectful: do not disturb tenants or loiter on or near the property.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (19)
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414 E Grand Avenue #414, 418, 422 & 422 1/2
USD 2,065,000 0 Beds
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