1218-1220 E Grand Ave Arroyo Grande, CA 93420

A 1/2-acre mixed-use property presented as a long strip measuring approximately 70 feet wide and the length of a football field, with three residential units and one commercial unit. At the front is a 350-square-foot commercial building with a paver parking lot; the space has been freshly refinished and is suited for a range of business activities, including retail, food and beverage, office, personal services, or lodging. Three residential units are accessed up the driveway, each with its own dedicated parking and patio areas. The front home is a 2-bedroom, 1-bath unit with a stacked washer/dryer in the bathroom and a private fenced front yard. The back two units are 1-bedroom, 1-bath residences, fully refinished with new cabinets, counters, flooring, fixtures, and tile showers, and they share a common laundry room accessed from their covered patios.

The property is located directly off Grand Ave in the heart of Arroyo Grande, with the front commercial building positioned across the street from Starbucks. The back portion includes a large gravel parking area and a small bonus structure with a wrap-around lanai. It also has RV hookups, a large yard, and significant storage. The top part of the property is described as having ground-level ocean views.

Existing income is described as three residential units currently rented for $7,700 per month, with the commercial space estimated to rent for $2,300 per month, for approximately $10,000 in total gross rents possible on the existing units. The back half is described as offering a blank-slate opportunity, and the seller notes that the back portion may be able to accommodate additional ADUs or be used for business ventures such as a shop or equipment storage, subject to city confirmation and zoning.