Bunny Maxim

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Arroyo Grande is a highly desirable area on the Central Coast. Located near Pismo State Beach, 101 freeway access, shopping centers, restaurants and more. In this area, housing is limited and rents are high. Excellent development opportunity! Exclusive Gateway Mixed-use Zoning. Complete project includes existing home which was recently updated. Potential $2500 monthly rental income while building. Home is 1749 sq ft, 2 large bedrooms with en-suite 2 full bathrooms. Brand new stainless steel appliances, new flooring and freshly painted interior, a fireplace in the living room, slider leading to a deck and a large 2 car garage. Plans include "shovel ready" approved 9 unit apartment complex and a mixed use building. Apartments are 1355 sq ft, 3 bedrooms, 2 bathrooms, 2 car garage with deck and 5 extra parking spaces. Phase 2 is a mixed-use building located on E Grand Ave. which includes an 1866 sq ft apartment above retail/office space. 9 parking spaces included. Existing commercial building currently rents for $750 per month. Verify with City of Arroyo Grande Planning Department. Adjacent half acre mixed use parcel is also for sale.

Property Details

Price:
$1,950,000
MLS #:
PI21008654
Status:
Active
Beds:
2
Baths:
2.00
Address:
181 N Elm Street
Type:
Single Family
City:
Arroyo Grande
Listed Date:
Dec 12, 2020
State:
CA
Square Ft (approx):
1,749
ZIP:
93420
Subdivision:
West of 101(1000)
Lot Size:
40,075 sqft / 0.92 acres (approx)
Year Built:
1984

Schools

Interior

Cooling
None
Fireplace Features
Living Room

Exterior

Community Features
Curbs, Sidewalks
Garage Spaces
2.00
Lot Features
6-10 Units/ Acre
Pool Features
None
Sewer
Public Sewer
View
None
Water Source
Public

Financial

Association Fee
0.00

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181 N Elm Street
Arroyo Grande, CA

When you think of Real Estate, think of Bunny Maxim and Expect the Best!

We specialize in Residential, Commercial, Lots/Land and Investment Property in the Central Coast of California including the following areas:

  • Santa Maria
  • Orcutt
  • Los Alamos
  • Lompoc
  • Buellton
  • Solvang
  • Santa Ynez
  • Nipomo
  • Arroyo Grande
  • Oceano
  • Grover Beach
  • Pismo Beach
  • San Luis Obispo
  • Paso Robles

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125 E. Clark Ave

Orcutt, CA 93455

Pismo Beach Office

2665 Shell Beach Rd, Ste J

Pismo Beach, CA 93449

(805) 878-0807

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