HUGE Price Reduction! Seller has until Sept 9th to close on reverse 1031. 1/2-acre Residential/Commercial mixed use property located on Grand Ave next to Chase bank, and directly across from Starbucks & Chipotle. Property is a long strip 70 ft wide by 310 ft long, with single ingress/egress directly off Grand Ave. At the front of the property, just along the pedestrian zone is an approximately 350 sq ft stand alone commercial unit with full bathroom and loft area, and an adjacent 1,000 sq ft paver parking/patio area. This space is currently setup as a home-style office and can potentially be utilized for a wide range of businesses activities, including but not limited to retail sales, food & beverage, lodging/vacation rental, and a variety of different services. Heading up the driveway are 3 residential units, each with their own dedicated parking and yard/patio areas. The front home is a 2 bedroom 1 bath unit and overlooks a private fenced yard in the front. 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 rentals have averaged $7,500/month gross rental income for the past couple of years. The back 1/2 of the property includes a large gravel parking area, a small "club house", RV hookups, and a large yard with chicken coops, raised garden bed and fruit trees. This 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. Alternatively it could be utilized to support one's business ventures, as the unique zoning of the property allows for many potential uses in addition to the existing residences. With this property you can take your business ventures to the next level while letting the existing rental income pay the mortgage... Definitely a must see!
Off market
Listing Provided by:
$1,543,900
1218-1220 E Grand Ave, Arroyo Grande, CA 93420
--beds
--baths
1,716sqft
Mixed Use
Built in 1955
-- sqft lot
$1,543,900 Zestimate®
$900/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 10:46am
Source: CRMLS,MLS#: PI25091995
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: Laundry Room, Stacked
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,716
- Total interior livable area: 1,716 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Fencing: Chain Link,Wood
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.50 Acres
- Features: Garden, Gentle Sloping, Rectangular Lot
Details
- Parcel number: 077101020
- Zoning: GC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, See Remarks
Community & neighborhood
Community
- Community features: Curbs, Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Arroyo Grande
- Subdivision: West Of 101(1000)
Other
Other facts
- Listing terms: Cash to New Loan,Conventional
Services availability

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$1,543,900
2% more+ $30,878
With Zillow Showcase(estimated)
$1,574,778