6,185 sqft

$2,325,000

1191 Fair Oaks Avenue, Arroyo Grande CA, 93420

Price per sqft$375.91

Built in1984

Property size6,185 sqft

Property typeMulti-family

Bought with General NONMEMBER with NONMEMBER MRML and Listed by Bryan Friedman CA DRE# 00883991 with Berkshire Hathaway Home Servic 805-704-7080

Overview

Sold

Closed

Listed Feb 14, 2025

Updated Jun 19

Price improvement on a fantastic investment opportunity for a well located 8 unit apartment complex in Arroyo Grande. Only 4 short blocks to Grand Avenue shopping district, across the street from the Soto Sports Complex and park, just down the street from Harloe Elementary School and very close to both Arroyo Grande High School and Dignity Health Medical Center. Great performing asset with very strong rental history. Rarely available income property in great Central Coast neighborhood. Well maintained property, professionally managed and stable tenants. Each unit includes 2 bedrooms, 1.5 bathrooms, fully equipped eat-in kitchen, one carport parking space and one uncovered on-site parking space. Five of the units have their own private rear patio area. There is abundant street parking as well. Below market rents and on-site laundry facilities provide additional upside for such a rare offering. Ideal 1031 investment and great value at only $309,000 per unit. Please Do not disturb Tenants.

Additional information

MLS^® ID: PI25034031

Interior Features

Fireplace: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.28 Acres

Other Property Details

55+/Senior Community: No

Bought with General NONMEMBER with NONMEMBER MRML and Listed by Bryan Friedman CA DRE# 00883991 with Berkshire Hathaway Home Servic 805-704-7080

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/19/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 6/19/2026 at 1:48 PM UTC Last Checked: 1:48 PM UTC