Mixed-Use Income Property with
1140 E Grand Ave Arroyo Grande, CA 93420
1140 E Grand Ave, Arroyo Grande, CA, 93420
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For Sale
Contact for pricing
Fully occupied mixed-use property built in 1959, featuring residential and commercial units and ample on-site parking.
Property Size6,000 SF
Price / SF$249.83
Days on Market113
Property Features for 1140 E Grand Ave
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Mixed Use
Listing agency
Trujillo Commercial Real Estate Group
(805) 439-4733
Listed by
Rod Trujillo · License #CA 01388764
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 5:39AM Checked: Jul 21 at 5:39AM
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.
This fully occupied mixed-use property was built in 1959 and includes a mix of residential and commercial units, creating diversified in-place income. The offering is described as turnkey, with 100% occupancy and strong in-place rents.
Located along the Grand Avenue corridor in Arroyo Grande, the property benefits from high visibility and convenient access to Highway 101. The remarks also note ample on-site parking and established nearby businesses, including Nova Coffee and Adventist Health.
The configuration combines residential income stability with commercial tenancy within the same center, suited to an investor seeking a well-located, income-producing asset in an active retail and healthcare corridor.
Located along the Grand Avenue corridor in Arroyo Grande, the property benefits from high visibility and convenient access to Highway 101. The remarks also note ample on-site parking and established nearby businesses, including Nova Coffee and Adventist Health.
The configuration combines residential income stability with commercial tenancy within the same center, suited to an investor seeking a well-located, income-producing asset in an active retail and healthcare corridor.
Key Highlights
- Fully occupied mixed‑use property with 100% occupancy and strong in‑place rents
- Approx. 6,000 SF mixed‑use building with a balanced mix of residential and commercial units
- Approx. 6.92% cap rate (as stated in the remarks)
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
—
—
no second resolved use
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
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Fully occupied mixed-use property built in 1959, featuring residential and commercial units and ample on-site parking.
Where is this residential income property located?
The property is located at 1140 E Grand Ave 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: Fully occupied mixed‑use property with 100% occupancy and strong in‑place rents; Approx. 6,000 SF mixed‑use building with a balanced mix of residential and commercial units; Approx. 6.92% cap rate (as stated in the remarks)
