316 S S Halcyon Road Arroyo Grande CA 93420 MLS #PI22008054

316 S S Halcyon Road
Arroyo Grande, CA, 93420
$2,659,500
Beds
0 Baths
SqFt
0.79 Acres
$2,659,500
316 S S Halcyon Road
Arroyo Grande, CA, 93420
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 Details

Price:
$2,659,500 / $2,659,500
MLS #:
PI22008054
Status:
Closed ((Jun 30, 2022))
Baths:
0
Address:
316 S S Halcyon Road
Type:
Residential Income
Subdivision:
West of 1011000
City:
Arroyo Grande
Listed Date:
Apr 9, 2022
State:
CA
ZIP:
93420
Lot Size:
34,412 sqft / 0.79 acres (approx)
Year Built:
2015

Schools

Interior

Heating
Natural Gas, Wall Furnace

Exterior

Community Features
Sidewalks, Street Lights
Garage Spaces
2.00
Lot Features
Lot 20000-39999 Sqft, Yard
Pool Features
None
Sewer
Public Sewer
Water Source
Public

Financial

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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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