181 N Elm Street, Arroyo Grande, CA 93420

$1,895,000
2
BD
2
BA
1,749
SqFt
List Price
$1,895,000
Price Change
▼ $55,000 1613794165
Status
ACTIVE
MLS#
PI21008654
Year Built
1984
Bedrooms
2
Bathrooms
2
Living Sq. Ft
1,749
Lot Size
40,075
Acres
0.92
Lot Location
6-10 Units/Acre
Days on Market
85
Property Type
Single Family Residential
Property Sub Type
Commercial/Residential
Stories
One Level
Builders Tract Code
West of 101(1000)
Neighborhood
West Of 101(1000)

Property Description

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. Excellent development opportunity! Exclusive Gateway Mixed-use Zoning. Complete project includes existing home which was recently updated. Potential $2500 monthly rental income while building. Home is 1749 sq ft, 2 large bedrooms with en-suite 2 full bathrooms. Brand new stainless steel appliances, new flooring and freshly painted interior, a fireplace in the living room, slider leading to a deck and a large 2 car garage. Plans include "shovel ready" 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. Existing commercial building currently rents for $750 per month. Verify with City of Arroyo Grande Planning Department.

Additional Information

Lot Description
Curbs, Sidewalks
Pool Description
None
Fireplace Description
Living Room
Cooling Description
None
View
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Lucia Mar Unified
Attached Structure
Detached
Number Of Units Total
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Gena Isaacson from Isaacson Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.