Mixed-Use Investment
1140-1148 East Grand Avenue Arroyo Grande, CA 93420
1140-1148 East Grand Avenue, Arroyo Grande, CA, 93420
$1,499,000
For Sale
$1,499,000
Mixed-use property with residential and commercial units and 100% occupancy, positioned for easy access to Highway 101.
Property Size6,000 SF
Price / SF$249.83
Days on Market114
Property Features for 1140-1148 East Grand Avenue
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1959
Listing agency
Trujillo Commercial Real Estate Group
(805) 439-4733
Listed by
Rodney Trujillo · License #01388764
(805) 439-4733
Source
Compass
Added: Apr 1 Updated: Jul 22 at 11:06PM Checked: Jul 22 at 11:06PM
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 Trujillo Commercial Real Estate Group
Investment Insights
Based on property information with market context.
The property is a mixed-use investment offering a strong blend of residential and commercial units, with 100% occupancy at the time of listing. The building totals approximately 6,000 square feet and is presented as a turnkey asset.
Located on a main commercial corridor in Arroyo Grande, the property offers easy access to Highway 101. Established nearby businesses include Nova Coffee and Adventist Health, supporting a stable day-to-day commercial presence.
Additional listing details include ample on-site parking and strong visibility along the corridor.
Located on a main commercial corridor in Arroyo Grande, the property offers easy access to Highway 101. Established nearby businesses include Nova Coffee and Adventist Health, supporting a stable day-to-day commercial presence.
Additional listing details include ample on-site parking and strong visibility along the corridor.
Key Highlights
- Mixed‑use property with residential and commercial units totaling approx. 6,000 SF
- 100% occupancy reported, supporting immediate rental income
- Built in 1959
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $36.00 |
| − Vacancy | −$5.4k | −$0.90 |
| EGI | $210.6k | $35.10 |
| − OpEx | −$94.8k | −$15.80 |
| NOI | $115.8k | $19.31 |
6,000 SF · lease $36.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 7.73%
Second Best
Mixed Use
$977.1K
$855.0K – $1.14M
NOI $68,400 @ 7.0% cap · market cap 4.56%
Theoretical Best
Healthcare Medical
$2.36M
$2.06M – $2.75M
NOI $165,180 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial units and 100% occupancy, positioned for easy access to Highway 101.
Where is this mixed-use property located?
The property is located at 1140-1148 East Grand Avenue Arroyo Grande, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Mixed‑use property with residential and commercial units totaling approx. 6,000 SF; 100% occupancy reported, supporting immediate rental income; Built in 1959
