OPPORTUNITIES GALORE! INCOME + MULTIGENERATIONAL LIVING + COUNTRY LIFESTYLE! What if your next home could help pay for itself? This truly unique property offers an incredible combination of income potential, flexibility, privacy and rural living—all while remaining close to the amenities you need! The property features a FULLY PERMITTED 2-bedroom, 1-bathroom ADU plus an approximately 2,700 sq. ft. primary residence currently configured into two separate living spaces, creating exceptional possibilities for extended family, guests, rental income or a “house hack” lifestyle. The main living area offers approximately 1,700 sq. ft. of SINGLE-STORY, NO-STEP living with 3 bedrooms and 2 bathrooms. Extensive improvements include a beautifully remodeled kitchen and refreshed bathrooms, creating a comfortable and inviting space. The remaining approximately 1,000 sq. ft. has been transformed into an incredible private living space with its own entrance and yard. Imagine a HUGE downstairs living area, then retreat upstairs to a spacious private suite featuring an improved ensuite bathroom, impressive walk-in closet and private deck with peaceful views. And there’s more! The property offers three 2-car garages, providing an abundance of parking, storage, workspace and hobby potential. With Residential Rural zoning, you can embrace the country lifestyle with possibilities for horses, chickens and FFA/4-H activities. A sheltered area is already in place! Enjoy the feeling of being away from it all while remaining conveniently close to shopping, beaches, the wine trail and everyday amenities. This isn't simply a home—it’s an opportunity, a lifestyle and a potential income-producing property all in one. Already generating income, this may be your chance to see how you can be paid to own your own slice of heaven! Properties offering this combination of flexibility, income potential and rural lifestyle are exceptionally rare. Come see the possibilities for yourself—this one deserves a look! Check out the Virtual tour!
1/2-acre Mixed-Use property with 3 residential units and 1 commercial unit located directly off Grand Ave in the heart of Arroyo Grande. Property is a long strip 70 ft wide and the length of a football field. At the front of the property, directly across the street from Starbucks, is a 350 sq ft commercial building with paver parking lot. This space has been freshly refinished and can potentially be utilized for a wide range of businesses activities including retail, food & beverage, office space, personal services, or even lodging. Heading up the driveway are 3 residential units, each with their own dedicated parking and patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced front yard. It has a stacked washer/dryer setup in the bathroom. The back 2 units are both 1 bedroom 1 bath and have been fully refinished with all new cabinets, counters, flooring, fixtures, tile showers, etc. They share a common laundry room that is accessed from each of their respective covered patios. The 3 residences are currently rented for $7,700 per month, and the commercial space is estimated to be able to rent for $2,300 per month, bringing the total gross rents possible on existing units to approximately $10,000 per month. The back 1/4-acre of the property feels like it could be its own lot, and largely represents a blank slate for the new owner. Currently it includes a large gravel parking area and a small bonus structure with wrap around lanai. There are RV hookups and a large yard with lots of storage. The top part of the property has ground level ocean views and could potentially be built out with a new single family home or multiple additional rental units. Seller says 3 ADUs at back of property are doable vs building a large multi-family structure (buyer to confirm with city). Alternatively the back 1/2 of the property could be utilized to support one's business ventures, by building a shop or storing equipment, as the zoning allows for many potential uses in addition to the existing residences. This is a must see to appreciate kind of property! The back half is set back far enough from Grand Ave that you actually get a great sense of quiet, peacefulness and privacy while maintaining the central in-town feel and convenience. One could potentially come setup their RV and build a downtown ocean-view primary home in the back while letting the existing cash-flowing rentals in the front pay the mortgage bill.
Arroyo Grande is located in California. Arroyo Grande, California has a population of 18,422. Arroyo Grande is more family-centric than the surrounding county with 28.12% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Arroyo Grande, California is $90,405. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Arroyo Grande is 46.7 years.
The average high temperature in July is 72.7 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 19.5 inches per year, with 0 inches of snow per year.
