Orchard Street Senior Living - 605 Orchard Ave

Arroyo Grande, CA 93420

• Investment Property
• Land for Sale
• $9,431,472 CAD
• 2.87 AC Lot

Arroyo Grande Land for Sale - South 101 Corridor

605 Orchard Street Senior Living | Arroyo Grande, CA Prime Shovel-Ready Assisted Living & Memory Care Development Opportunity Camacho Commercial is proud to present Orchard Street Senior Living, a fully entitled and shovel-ready development opportunity in Arroyo Grande, California. This ±2.87-acre parcel has been meticulously planned and approved for a 98-unit, 114-bed Assisted Living and Memory Care community. The project combines a strong Central Coast location, completed entitlements, and institutional-scale design, making it an attractive acquisition for senior housing developers, operators, and capital partners. Location Highlights: - Address: 605 Orchard Street, Arroyo Grande, CA 93420 - Submarket: Central Coast / San Luis Obispo County - Freeway Access: Immediate access to US Highway 101 - Nearby Amenities: Minutes from downtown Arroyo Grande, coastal communities, dining, and retail - Healthcare Proximity: Adjacent to Arroyo Grande Community Hospital and within 20 minutes of French Hospital Medical Center (SLO) - Arroyo Grande is a sought-after Central Coast community known for its desirable climate, strong income demographics, and appeal to retirees. The area has a growing senior population and limited supply of modern, purpose-built assisted living and memory care options, creating a favorable environment for absorption and long-term success. Project Overview: - Total Site Area: ±2.87 acres - Total Building Area: ±93,513 SF - Design: 2-story, “donut-style” courtyard layout promoting resident wellness and operational efficiency - Unit Mix (98 units / 114 beds): 31 Assisted Living Studios (387 SF), 41 Assisted Living 1BR/1BA (626 SF), 6 Assisted Living 2BR/1BA (930 SF), 10 Memory Care Private (387 SF), 10 Memory Care Shared (626 SF) - Amenities: Courtyards, gardens, dining hall, bistro, theater, lounges, BBQ, activity spaces, and dedicated memory care gardens Entitlement Status: The property is fully entitled and shovel-ready, a rare advantage in California’s development climate. All major approvals are complete: - Conditional Use Permit (CUP): Approved by the City of Arroyo Grande - CEQA Review: Mitigated Negative Declaration adopted - Traffic Studies & City Reviews: Completed Architectural & Site Plans: Approved and ready for execution (This eliminates years of entitlement risk and positions the buyer for near-term construction and delivery.) Market & Demographics: - Population within 5 miles: ~50,000 - Median Age: 47.5 years (10 years older than California average) - Median Household Income: ±$87,000 - Senior Population Growth: By 2030, nearly 25% of the local population will be aged 65+ The Central Coast is experiencing in-migration of retirees from Southern California and the Bay Area. With few institutional-scale senior housing facilities nearby, Orchard Street is uniquely positioned to capture demand from an underserved market. Most current operators in the area are small board-and-care homes (6–32 beds), lacking the amenities and efficiency of modern purpose-built communities. Financials & Deal Terms: - Asking Price (Land + Entitlements): $6,900,000 - Total Development Cost (Projected): ±$48.5M - Debt Assumptions: 70% LTC construction financing modeled at 7% interest-only Exit Potential: - Stabilized NOI: ±$4.5M - Valuation: ±$63.3M at a 6% cap rate This creates a compelling spread between total cost and stabilized value, with multiple exit strategies available. Investment Highlights: - Shovel-Ready Project – All CUP, CEQA, and plan approvals complete - Institutional-Grade Scale – 98 units / 114 beds with dual AL/MC program - Strategic Location – Central Coast positioning, near hospital, retail, and Hwy 101 - Underserved Market – Limited senior housing supply in San Luis Obispo County - Flexible Exit Strategies – Build-to-core hold, forward sale, or JV with operator/capital partner - Strong Demographics – Aging, affluent population with significant long-term demand drivers Contact Information: Camacho Commercial Real Estate Services 8439 W Sunset Blvd, Suite #150 West Hollywood, CA 90069 Office: (877) 777-4771 Gregory M. Camacho, Sr. – President/Principal Gregory M. Camacho II – Associate

Contact:

Camacho Commercial

Property Subtype:

Commercial

Date on Market:

2025-09-16

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Landing Passage - 74 San Francisco St

Avila Beach, CA 93424

• Investment Property
• Flex for Sale
• $5,050,622 CAD
• 3,279 SF

Avila Beach Flex for Sale - South 101 Corridor

Welcome to Landing Passage - A turn-key mixed use (residential + commercial) building located just four doors from the pristine shores of Downtown Avila Beach. This exceptional property offers a rare opportunity to own a fully licensed short term vacation rental and income-generating asset in one of the most prime coastal locations in California. The offering includes two turnkey residential units and two established commercial units. The primary residence features 2 bedrooms, 2 bathrooms, approximately 1,303 square feet of living space, Cape Cod-inspired interiors, ocean views, three balconies, rooftop access, two fireplaces, a laundry closet, and a private 2-car garage. Directly below, a commercial suite includes wood flooring, a private office, built-ins, a dry bar, and a bathroom with shower. Across the landscaped pedestrian pathway, the second commercial unit includes French doors, a fireplace, and a bathroom. Above it sits a 1-bedroom vacation rental with travertine flooring, a full kitchen, fireplace, in-unit laundry, and private deck, plus dedicated parking and a storage closet in the secure garage. Both vacation rentals are being sold fully furnished with future bookings in place, and the commercial units have strong lease history. Ideal as a long-term investment, personal retreat with income, or live-work opportunity in one of the Central Coast’s most vibrant beach communities.

Contact:

Eighty20 Group

Date on Market:

2025-06-26

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Allen House - 1700 Osos St

San Luis Obispo, CA 93401

• Investment Property
• Multifamily for Sale
• $5,323,998 CAD
• 4,688 SF

• Air Conditioning
• Kitchen

San Luis Obispo Multifamily for Sale - Downtown SLO

Welcome to the historic Allen House – an early 1900s era home built in the “railroad-vernacular” architecture and located in the beautiful Historic Downtown District of San Luis Obispo. This unique R3 zoned property was significantly renovated in 2023 from the top down, making it ready for generations to come. The property is comprised of a single structure (4,688 SF) containing two units and a total of 17 bedrooms, 2 kitchens, and 4.5 bathrooms. The smaller ADU unit contains 3 bedrooms and 2 bathrooms with it’s own private entrance and kitchen, and the primary home contains 14 bedrooms, two full bathrooms (2nd floor bathroom has two toilets and two showers), one half bathroom, living room, dining room, commercial kitchen, and a covered patio. There is also a detached garage that is ideal for storage. All renovations are fully permitted with the City of SLO and performed by the most reputable local companies in town such as: AGD Architecture + Design, Michael Kalin Structural Engineering, Ed Cuming Construction, Zara Khan Interior Design, and many more trades and subcontractors. Improvements include: New carpet and luxury vinyl plank flooring, new doors, interior and exterior painting, new aluminum clad wood frame windows by Lincoln, new drywall, new kitchen cabinets & countertops, new appliances, new lighting, remodeled bathrooms, new electrical wiring with 400 amp panel & new plumbing lines, pre-wired for EV charger in garage, new sewer lateral connection to street, new roof, new fire escape stairs, whole house fan on third floor, new skylights, Navien tankless water heaters, one inch water meter upsize from previous ? inch, new gutters and downspouts, new concrete and new decking in backyard, front and backyard artificial turf, reinforced foundation supports with new beams/posts/footings, commercial grade 4 inch fire sprinkler line from water main to house with Wilkins double check valve backflow preventer, and much more. This property is an ideal opportunity for those seeking strong rental income as an investment or simply wanting a large residence for a family or multiple families. The Downtown SLO location and R3 zoning allows for flexible alternative uses (with a permit) such as: Bed & breakfast, hostel, religious assembly, school, continuing care, elderly care, day care, fraternities or sororities, hospice, and more. The Allen House is a once in a lifetime opportunity to acquire a legacy property with over 125 years of history.

Contact:

Eighty20 Group

Property Subtype:

Apartment

Date on Market:

2025-06-19

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STIMSON APARTMENTS - 230 Stimson Ave

Pismo Beach, CA 93449

• Investment Property
• Multifamily for Sale
• $4,770,411 CAD
• 4,000 SF

Pismo Beach Multifamily for Sale - South 101 Corridor

RARE OPPORTUNITY TO PURCHASE THIS LEGACY PROPERTY. IT IS A 7 UNIT MULTI FAMILY COMPLEX, ONE BLOCK FROM THE BEACH, IN THE DOWNTOWN CORE OF PISMO BEACH. THER ARE 3 STAND ALONE UNITS, A DUPLEX, AND 2 UNITS AT REAR OF THE PROPERTY. THERE ARE 4 GARAGES THAT ARE RENTED OUT AS WELL. RENTS ARE BELOW MARKET, BUT HUGE UPSIDE POTENTIAL, WITH THE CITY ALLOWING UP TO 4 SHORT TERM RENTAL LICENSES FOR THE PROPERTY. CURRENT MARKET RENTS TOTAL $18,000 PER MONTH. THE UNIT MIX IS, 4- 1 BED,1 BATH, 1-2 BED, 2 BATH, 1 -STUDIO AND A 2 BED, 1 BATH HOUSE, WITH A FENCED FRONT YARD.THIS PROPERTY WOULD BE A GREAT BEACH GETAWAY, WITH PLENTY OF ROOM TO STORE THE BEACH TOYS AND STILL GENERATE VACATION RENTAL INCOME. (OM IS ATTACHED)

Contact:

Century 21 Masters

Property Subtype:

Apartment

Date on Market:

2024-07-28

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