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Renovated Short-Term Rental Property with ADU

1136 East Grand Avenue, Arroyo Grande, CA 93420

For Sale
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Transferable vacation-rental license, accessory dwelling unit, gated access, and flexible parking support multiple occupancy options.

Property Size2,288 SF
Price / SF$721.15
Days on Market102

Property Features for 1136 East Grand Avenue

General Information

Standard status Active
Size 2,288 SF
Property subtype Multifamily, Mixed Use, Land
Zoning Fair Oaks Mixed Use FOMU
Investment Type Redevelopment

Site & Location

Road Access Yes
Outdoor Storage Yes

Amenities

automatic sliding power gates
horseshoe-paver driveway
RV/boat storage
accessory dwelling unit (ADU)

Building Details

Year Built 1945
Year Renovated 2023
Buildings 2
Units 2
Tenancy Multi
Listing Agency: Acquire Mortgage and Real Estate
Listed By: Levi Seligman · License CA #01936342
Source: Crexi
Added: Aug 5 Changed: Nov 6 Last Checked: Nov 12 at 8:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Acquire Mortgage and Real Estate

Rey
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Investment Insights

Based on property information with market context.

Located in Arroyo Grande, this 1945 home has been renovated and includes an accessory dwelling unit. The property is situated on nearly an acre and holds one of the 90 vacation-rental licenses permitted in the city; that license transfers to the new owner.

Automatic sliding gates lead to a horseshoe-shaped paver drive with substantial parking capacity. A secondary entrance from Linda Drive provides space for storing RVs, boats, or other large items. The Fair Oaks Mixed Use FOMU zoning designation adds context for future planning, while the property was previously entitled for 24 two-bedroom condominiums and 2 commercial units.

Key Highlights

  • Transferable vacation‑rental license; 1 of only 90 permitted in the city
  • Nearly an acre in Arroyo Grande with a renovated 1945 home
  • Accessory dwelling unit included for guests, extended stays, or rental income

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Big Box & Wholesale Store Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,297
Businesses Nearby

Demographics for 93420, CA

30,540
Population
13,823
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
95%
High-School Grad
197.4 sq mi
ZIP Area
155
Density / Sq Mi
$106,718
Median Household Income
$51,990
Median Earnings
$2,025
Median Rent
$872,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Transferable vacation-rental license, accessory dwelling unit, gated access, and flexible parking support multiple occupancy options.
Where is this short term rental property located?
The property is located at 1136 East Grand Avenue Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Transferable vacation‑rental license; 1 of only 90 permitted in the city; Nearly an acre in Arroyo Grande with a renovated 1945 home; Accessory dwelling unit included for guests, extended stays, or rental income
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