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    181 N Elm Street

    Arroyo Grande, CA 93420
    • $1,649,000
    • STATUS: Active
    • ON SITE: 113 days
    • ID#: PI21008654
    $1,649,000
    • 2
      BEDS
    • 0.92
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,749
      SQFT
    • $943
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1984
    County:

    School Ratings & Info

    School District:

    Description

    Attn: Contractors and Investors - This Exclusive Gateway Mixed-use Zoned project is Shovel Ready! Much value can be given to the engineering, entitlements and plans and the nearly 3 years time it took to get this property ready to pull construction permits. Project is a fully approved 9 unit apartment complex and a mixed use building. Apartments are 1355 sq ft, 3 bedrooms, 2 bathrooms, 2 car garage with deck and 5 extra parking spaces. Phase 2 is a mixed-use building located on E Grand Ave. which includes an 1866 sq ft apartment above retail/office space. 9 parking spaces. Included with the project is an existing 1749 sq ft turn-key home which was recently updated. Potential $2500+ monthly rental income, commercial also allowed. Existing commercial building currently rents for $750 per month. Arroyo Grande is a highly desirable area on the Central Coast. Located near Pismo State Beach, 101 freeway access, shopping centers, restaurants and more. In this area, housing is limited and rents are high. Verify information with the City of Arroyo Grande Planning Department. This is your opportunity to have great rental income or build and sell completed project and benefit from the upside potential!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-08T00:33:37.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
    www.socalrealtyexpert.com/homes/113284585
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    181 N Elm Street Arroyo Grande, CA 93420

    • Price: $1,649,000
    • Status: Active
    • ID#: PI21008654
    2
    Beds
    2
    Baths
    0
    ½ Baths
    0.92
    Acres
    1,749
    SQFT
    $943
    $/SQFT
    1984
    Built
    Neighborhood:
    West Of 101(1000)
    County:
    San Luis Obispo
    Area:
    ARRG - Arroyo Grande
    School District:
    Lucia Mar Unified
    Property Description
    Attn: Contractors and Investors - This Exclusive Gateway Mixed-use Zoned project is Shovel Ready! Much value can be given to the engineering, entitlements and plans and the nearly 3 years time it took to get this property ready to pull construction permits. Project is a fully approved 9 unit apartment complex and a mixed use building. Apartments are 1355 sq ft, 3 bedrooms, 2 bathrooms, 2 car garage with deck and 5 extra parking spaces. Phase 2 is a mixed-use building located on E Grand Ave. which includes an 1866 sq ft apartment above retail/office space. 9 parking spaces. Included with the project is an existing 1749 sq ft turn-key home which was recently updated. Potential $2500+ monthly rental income, commercial also allowed. Existing commercial building currently rents for $750 per month. Arroyo Grande is a highly desirable area on the Central Coast. Located near Pismo State Beach, 101 freeway access, shopping centers, restaurants and more. In this area, housing is limited and rents are high. Verify information with the City of Arroyo Grande Planning Department. This is your opportunity to have great rental income or build and sell completed project and benefit from the upside potential!
    Exterior Features

    Attached Garage YN 1 Lot Features 6-10 Units/Acre Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN Yes View None View YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Interior Features All Bedrooms Down Main Level Bathrooms 2 Main Level Bedrooms 2

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features CurbsSidewalks Garage YN Yes Land Lease YN No Laundry Features Gas Dryer HookupInsideLaundry Room Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange New Construction YN No Possession Close Of Escrow Property Sub Type Mixed Use Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Mixed Use Water Source Public Zoning Mixed Use

    Listing provided courtesy of Gena Isaacson of Isaacson Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-08T00:33:37.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
     
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    Robin McCann | EXIT Alliance Realty
    43521 Rige Park Drive, Suite 201
    Temecula CA, 92590