Central California Coast and Surrounding Areas

magazine options
Find a Local Agent
316 S Halcyon Road S
Arroyo Grande, CA 93420
MLS# PI22008066 ID: 74204395
8776 sq.ft.
Property Description
Superb Arroyo Grande real... estate opportunity! Put your hard-earned money to work with these 5 RESIDENCES w/ 1 New Commercial bldg. w/ 2 tenants. Three recent rent increase Oct. 2021. Total of 12 bedrooms & 8 bathrooms. Arroyo Grande Multi-Residential & Commercial 6 residences includes 3 houses and one duplex w/ newly built added bedroom. Complex total currently rented $11,918 monthly & will increase w/ permitted addition. Separately gas & electric metered. Property includes a large, rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future buildouts of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 2 covered. 1 of 5 homes has 3 bedrooms 2 baths; one has 2-bedroom w/ 2 baths; 3 of the 5 residences features 2 bedrooms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL building is newer built with 2810 ADDITIONAL SF WITH TWO PREMIUM BUSINESS SPACES. The total (8) structures & all are rented with 2 long-term renters at below market values. Possible medical office space, & existing plans for a new two-story duplex included with the sale. All residential units 312,316,320,324 & 328 Halcyon have washer/dryer hookups gas and electric. 330 Halcyon is the newly added commercial building. This parcel indeed has SUPREME LOCATION, LOCATION LOCATION! Perfect landing for a 1031 tax-exchange! The $1195 per month stand-alone home at 316 Halcyon is occupied by one of the existing owners. He may move once this transaction takes place thus creating a higher rent to come.
Property Features
Days On Market 158 days
Last Updated June 23, 2022
Market Status Under Contract
Property Type Commercial
Year Built 2015
Sq. Feet 8776
MLS Area Arrg - Arroyo Grande
Offered By:
Paul Masters
Home Masters Realty

Data Provided by California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (CRMLS) and is protected by all applicable Copyright [CurrentYear] laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Information deemed reliable but not guaranteed.

Copyright© [CurrentYear], California Regional Multiple Listing Service, Inc. All rights reserved.