Arroyo Grande, CA 93420,316 S Halcyon RD S
Arroyo Grande, CA 93420,316 S Halcyon RD S
Arroyo Grande, CA 93420,316 S Halcyon RD S
Arroyo Grande, CA 93420,316 S Halcyon RD S
Arroyo Grande, CA 93420,316 S Halcyon RD S
Arroyo Grande, CA 93420,316 S Halcyon RD S
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$2,659,500

$2,659,500

Est.Price: ?

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Est. payment /mo

0.79 Acres Lot


SOLD DATE : 06/30/2022

Key Details

Sold Price $2,659,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision West Of 101(1000)

MLS Listing ID PI22008054

Sold Date 06/30/22

HOA Y/N No

Year Built 2015

Lot Size 0.790 Acres

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.

Location

State CA

County San Luis Obispo

Area Arrg - Arroyo Grande

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 24

Private Pool No

Building

Lot Description Yard

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 077204027

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Lease Back, Owner Will Carry

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Lease Back, Owner Will Carry

Financing Contract

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Paul Masters • Home Masters Realty
Bought with Debbie Hrabe • Vintage Investment Properties
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