This mixed-use commercial/residential property includes: A two-bedroom, one-bath house currently tenant-occupied, generating $1,768 per month in rent. Also included is a charming one-bedroom, one-bath unit situated above a two-car garage with an adjacent laundry room and storage unit, generating $1,632 per month in rent. The parcel is 0.14 acres and offers approximately five parking spaces, including the garage spaces. Located in a thriving trade district, this property sits on Grand Avenue, the main corridor connecting Arroyo Grande to Grover Beach and the Pacific Ocean. Just a short walk east over the 101 freeway leads to the charming Village of Arroyo Grande, renowned for its excellent restaurants, unique shops, and welcoming community. According to City Planning, this site is ideal for mixed-use development and presents an excellent opportunity for investors or developers. While future development plans are made, buyers can continue collecting reliable rental income. With broad zoning, the possibilities for this property are extensive.
(Additional Opportunity: This property can be purchased in conjunction with two adjacent properties: 414 E Grand Ave. (APN:006-175-006) and 418 E Grand Ave. (APN: 006-175-005). See listing numbers PI25062348 and PI25062830 for additional details. Combined, these properties provide a total of 0.43 acres with four mixed-use zoned houses across three parcels in the heart of Arroyo Grande.)
All information is deemed reliable but not guaranteed. Buyers and their agents are responsible for conducting all due diligence and confirming intended uses with the city’s Building and Planning Department. PLEASE DO NOT DISTURB TENANTS.
(Additional Opportunity: This property can be purchased in conjunction with two adjacent properties: 414 E Grand Ave. (APN:006-175-006) and 418 E Grand Ave. (APN: 006-175-005). See listing numbers PI25062348 and PI25062830 for additional details. Combined, these properties provide a total of 0.43 acres with four mixed-use zoned houses across three parcels in the heart of Arroyo Grande.)
All information is deemed reliable but not guaranteed. Buyers and their agents are responsible for conducting all due diligence and confirming intended uses with the city’s Building and Planning Department. PLEASE DO NOT DISTURB TENANTS.
Current real estate data for Single Family in Arroyo Grande as of Apr 25, 2025
58
Single Family Listed
120
Avg DOM
722
Avg $ / SqFt
$1,832,647
Avg List Price
Property Details
Price:
$825,000
MLS #:
PI25062840
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
agwestofhwy101
Listed Date:
Mar 21, 2025
Finished Sq Ft:
1,066
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1952
Schools
School District:
Lucia Mar Unified
Interior
Cooling
None
Fireplace Features
None
Heating
None
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
2.00
Lot Features
Level with Street, Rectangular Lot, Level
Parking Features
Driveway, Paved, Garage
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Contact Us
Mortgage Calculator
Community
- Address422 E Grand Avenue Arroyo Grande CA
- NeighborhoodAG-West of Hwy 101
- CityArroyo Grande
- CountySan Luis Obispo
- Zip Code93420
Subdivisions in Arroyo Grande
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Property Summary
- 422 E Grand Avenue Arroyo Grande CA is a Single Family for sale in Arroyo Grande, CA, 93420. It is listed for $825,000 and features 2 beds, 1 baths, and has approximately 1,066 square feet of living space, and was originally constructed in 1952. The current price per square foot is $774. The average price per square foot for Single Family listings in Arroyo Grande is $722. The average listing price for Single Family in Arroyo Grande is $1,832,647.
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Born and raised in Massachusetts and living throughout New England, Bunny has always enjoyed being close to the coast. Her move to California’s Central Coast has kept her near lovely, natural beaches with the added attraction of the desirable Mediterranean climate. Her love of this area makes her a natural ambassador in presenting the communities to newcomers. She enhances her knowledge of the Central Coast with over thirty years of professional real estate experience, as well as a background a…
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Courtesy of RE/MAX Success. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 422 E Grand Avenue
Arroyo Grande, CA
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