1191 Fair Oaks Avenue, Arroyo Grande, CA 93420

About this property

Price improvement on a fantastic investment opportunity for a well located 8 unit apartment complex in Arroyo Grande. Only 4 short blocks to Grand Avenue shopping district, across the street from the Soto Sports Complex and park, just down the street from Harloe Elementary School and very close to both Arroyo Grande High School and Dignity Health Medical Center. Great performing asset with very strong rental history. Rarely available income property in great Central Coast neighborhood. Well maintained property, professionally managed and stable tenants. Each unit includes 2 bedrooms, 1.5 bathrooms, fully equipped eat-in kitchen, one carport parking space and one uncovered on-site parking space. Five of the units have their own private rear patio area. There is abundant street parking as well. Below market rents and on-site laundry facilities provide additional upside for such a rare offering. Ideal 1031 investment and great value at only $309,000 per unit. Please Do not disturb Tenants.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$2,325,000

Sold May 2025 · listed $2,475,000, orig. $2,550,000, on market February 2025 · MLS #PI25034031 · Source: CRMLS

Listing Agent: Bryan Friedman · Listing Office: Berkshire Hathaway Home Servic · Contact: 805-704-7080 · Bought with: General NONMEMBER · NONMEMBER MRML

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