422 E Grand Ave Arroyo Grande, CA 93420
Estimated payment $4,836/month
Total Views
8,311
2
Beds
1
Bath
1,066
Sq Ft
$774
Price per Sq Ft
Highlights
- No HOA
- Laundry Room
- Rectangular Lot
- Ocean View Elementary School Rated A-
- 2 Car Garage
- No Heating
About This Home
This mixed-use commercial/residential property includes: A two-bedroom, one-bath house currently tenant-occupied, generating $1,768 per month in rent. Also included is a charming one-bedroom, one-bath unit situated above a two-car garage with an adjacent laundry room and storage unit, generating $1,632 per month in rent. The parcel is 0.14 acres and offers approximately five parking spaces, including the garage spaces. Located in a thriving trade district, this property sits on Grand Avenue, the main corridor connecting Arroyo Grande to Grover Beach and the Pacific Ocean. Just a short walk east over the 101 freeway leads to the charming Village of Arroyo Grande, renowned for its excellent restaurants, unique shops, and welcoming community. According to City Planning, this site is ideal for mixed-use development and presents an excellent opportunity for investors or developers. While future development plans are made, buyers can continue collecting reliable rental income. With broad zoning, the possibilities for this property are extensive.
(Additional Opportunity: This property can be purchased in conjunction with two adjacent properties: 414 E Grand Ave. (APN:006-175-006) and 418 E Grand Ave. (APN: 006-175-005). See listing numbers PI25062348 and PI25062830 for additional details. Combined, these properties provide a total of 0.43 acres with four mixed-use zoned houses across three parcels in the heart of Arroyo Grande.)
All information is deemed reliable but not guaranteed. Buyers and their agents are responsible for conducting all due diligence and confirming intended uses with the city’s Building and Planning Department. PLEASE DO NOT DISTURB TENANTS.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,884
Year Built
- Built in 1952
Lot Details
- No Common Walls
- Level Lot
Parking
- 2 Car Garage
- Parking Available
- Driveway
Home Design
- Mixed Use
Interior Spaces
- 1,066 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- No Heating
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Legal Lot and Block 1 / 5
- Assessor Parcel Number 006175020
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,884 | $276,540 | $169,866 | $106,674 |
| 2023 | $2,884 | $271,119 | $166,536 | $104,583 |
| 2022 | $2,841 | $265,804 | $163,271 | $102,533 |
| 2021 | $2,835 | $260,593 | $160,070 | $100,523 |
| 2020 | $2,803 | $257,922 | $158,429 | $99,493 |
| 2019 | $2,783 | $252,866 | $155,323 | $97,543 |
| 2018 | $2,750 | $247,909 | $152,278 | $95,631 |
| 2017 | $2,704 | $243,049 | $149,293 | $93,756 |
| 2016 | $2,554 | $238,284 | $146,366 | $91,918 |
| 2015 | $2,533 | $234,706 | $144,168 | $90,538 |
| 2014 | $2,441 | $230,109 | $141,344 | $88,765 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | For Sale | $825,000 | -- | $774 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | $36,000 | First American Title |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25062840
APN: 006-175-020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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