1220 1218 E Grand AVE

ARROYO GRANDE, CA 93420

Beds

4

Square Ft.

2,060

Active

Multifamily

$1,499,000

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… Read More 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. Read Less

Courtesy of Auer Real Estate Inc. 805-801-6694

Listing Snapshot

Days Online

120

Last Updated

Jul 25, 2026

Property Type

Other

Beds

4

Square Ft.

2,060

Lot Size

0.5 Acres

Year Built

1955

MLS Number

PI26067088MR

Source: Home Junction

Additional Details

Building

2,060 sq ft, Built in 1955, Attached

Community

Curbs, Street Lights, Storm Drains, Sidewalks

Cooling

None

Fence

Chain Link, Wood

Fireplaces

None

Garage

0 total garage spaces

Water Features

Water: "Public", "See Remarks"

Home Owner's Association

Homeowner Dues: $0

Laundry

Laundry Closet Stacked, Room, Stackable W/D Hookup

Lot

LotAcreage: 0, LotSizeArea: 21,700

Parking

CarportSpacesTotal: 0, TotalParking: 0

Pool

None

Property

EntryFloorNumber: 1, LandLeaseType: Fee, NumberOfUnits: 4, ViewDescription: Ocean, ViewYN: t, Zoning: GC

Roof

Composition

Sewer

Public Sewer

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Ocean View Elementary School 805-474-3730 Public KG-6

Paulding Middle School 805-474-3500 Public 7-8

Arroyo Grande High School 805-474-3200 Public 9-12

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Listings last updated on Jul 25, 2026, 05:37 pm EDT

1220 1218 E Grand AVE

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