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1136 E Grand Ave 0.92 Acres of Residential Land Offered at $2,401,304 CAD in Arroyo Grande, CA 93420
Executive Summary
THE OPPORTUNITY to purchase a rare combination: a fully renovated, income-producing home on nearly an acre, paired with genuine long-term development upside. The property holds 1 of only 90 vacation rental licenses permitted in the City of Arroyo Grande — fully transferable to the new owner — and previously held full entitlements for “East Grand Village,” a 24-unit two-bedroom condominium project plus 2 commercial units, making this a compelling hold for an owner-occupant, income investor, or developer alike.
Property Facts
| Price | $2,401,304 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Proposed Use | Multifamily | |
| No. Lots | 1 | Total Lot Size | 0.92 AC |
| Zoning | FOMU - Fair Oaks Mixed Use | ||
| Price | $2,401,304 CAD |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.92 AC |
| Zoning | FOMU - Fair Oaks Mixed Use |
1 Lot Available
Lot
| Price | $2,401,304 CAD | Lot Size | 0.92 AC |
| Price Per AC | $2,606,712.52 CAD |
| Price | $2,401,304 CAD |
| Price Per AC | $2,606,712.52 CAD |
| Lot Size | 0.92 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 077-113-016 | Improvements Assessment | $274,896 CAD |
| Land Assessment | $1,293,641 CAD | Total Assessment | $1,568,537 CAD |
Property Taxes
Parcel Number
077-113-016
Land Assessment
$1,293,641 CAD
Improvements Assessment
$274,896 CAD
Total Assessment
$1,568,537 CAD
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1136 E Grand Ave
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