$5,250,000
35.1122 -120.6
FOR SALE

1173 Fair Oaks Avenue Arroyo Grande, CA 93420

$5,250,000
Est. Monthly $22,950 recalculate
 

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CENTURY 21 Hometown Realty
102 Bridge Street
Arroyo Grande, CA 93420
805.­489.2100
805.­489.2100
CENTURY 21 Hometown Realty
102 Bridge Street Arroyo Grande, CA 93420
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1173 Fair Oaks Avenue
Arroyo Grande, CA 93420

Explore This Property

Multi-Family (2-4 Units) - Marketing Remarks: The property consists of 5 buildings, each two story with wood frame and stucco construction. The property has been well maintained and has had recent improvements to both the exterior and interiors. The individual units are well sized with one bedroom and two bedroom units. Common areas include storage, a swimming pool, laundry facility, and a stand alone leasing office. There is abundant off street parking both covered and uncovered. The property includes a greenbelt at rear of property, with potential for additional units. Owner had approved plans for an additional 8 units on back greenbelt, laundry room expansion, and hot tub installation (Plans need update, use permit expired). The property is conveniently located near parks, schools, major retail, and employment. Rents are being raised substantially on turned over units, but there is still significant upside in rents. Selling at $187,500 per unit where single family homes in the neighborhood are selling above $500,000.
MLS # SP1067816
Courtesy Of King Properties

Property Features

  • Age: 31-40 Years Old
  • Amenities: Pool
  • Architecture Style: Other
  • Cooling System: None
  • Heating System: Forced Air
  • Parking Type: Covered
  • Roof Type: Composition Shingle

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $22,950Your estimated monthly payment
    $1,050,00020% Down Payment
    $5,250,000 $4,725,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    HARLOE ELEMENTARY SCHOOL
    Grades K-6 | Public School

    ARROYO GRANDE, CA 93420
    901 FAIR OAKS AVE
    805-474-3710
    0.5
    miles

    Total Students 670
    Student Teacher Ratio 27:1

    School Rating

    4 stars View School Details
    Middle School
    PAULDING MIDDLE SCHOOL
    Grades 7-8 | Public School

    ARROYO GRANDE, CA 93420
    600 CROWN HILL ST
    805-474-3500
    1.9
    miles

    Total Students 600
    Student Teacher Ratio 17:1

    School Rating

    3 stars View School Details
    High School
    ARROYO GRANDE HIGH SCHOOL
    Grades 9-12 | Public School

    ARROYO GRANDE, CA 93420
    495 VALLEY RD
    805-474-3200
    1.0
    miles

    Total Students 2107
    Student Teacher Ratio 20:1

    School Rating

    3 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Fairgrove Elementary School 0.6 mi Public K-6
    Ocean View Elementary School 0.8 mi Public K-6
    Arroyo Grande Montessori School 1.0 mi Private PRESCHOOL-K
    Lucia Mar Adult 1.0 mi Public -
    Oceano Elementary School 1.0 mi Public K-6
    St. Patrick Parochial Elementary School 1.0 mi Catholic PRESCHOOL-8
    Grover Beach Elementary School 1.2 mi Public PRESCHOOL-6
    Valley View Adventist Academy 1.2 mi Private K-12
    Central Coast New Tech High School 1.4 mi Public 9-11
    Grover Heights Elementary School 1.6 mi Public K-6
    Coastal Christian School 2.1 mi Private K-12
    Mesa Middle School 2.7 mi Public 7-8
    Judkins Middle School 3.2 mi Public 7-8
    Lopez Continuation High School 3.2 mi Public 10-12
    Branch Elementary School 4.6 mi Public K-6
    Shell Beach Elementary School 5.5 mi Public K-6
    Highland Preparatory School 6.7 mi Private K-11

    Local Area Information for Arroyo Grande, CA 93420

    Median Age: 48.4
    Married: 49.0%
    Number of Households: 11,985
    Households with Children: 3,103
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.