Greg Malik Real Estate
1688 Quiet Oaks Drive
Arroyo Grande, CA 93420

Description

Where do you start on a property like this? This is truly a one of a kind property. Spread out on just under 11 acres stand 5 fully permitted single family homes. The original home is a 5 bedroom, 3 bath 3904 sqft home, with an attached 2 bedroom, 1 bath apartment that is included in the square footage. The secondary home is a 3 bedroom, 2 bath, 2500 home (all dirt around this home will be filled with fresh sod in a week or two). Then there are three additional homes spread out amongst the property. The first is a 1 bedroom, 1 bath, 400 sqft home. The second is a 2 bedroom, 1 bath, 900 sqft home. The third is a 1 bedroom, 1 bath, 600 sqft home. Check out the map in the pictures to see the rental income breakdown of all the homes and the total income generated on a yearly basis. Owners have a transfer development credit (TDC) on file with the county so the lot can be split in to two 5 acre parcels. And if split, will be allowed to still build two additional homes. One secondary unit on one and one primary unit on the other. Did I mention the views? Enjoy sweeping views of Laetitia Vineyards all the way to the Pismo Heights and Bishops Peak from three of the residents! The owners used to run an elderly care facility out of the original main 3904 sqft home. Wedding venues, care facility, recovery facilities, the possibilities are endless with this truly one of a kind property. *interior pictures to come shortly!*

Details

MLS#PI18085347
Sub-TypeResale
StatusActive
Year1980
Days On Site218

Features

SQ Feet8,304
Building(s)1

Market Activity 93420

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Area Information

StateCA
CountySan Luis Obispo
CityArroyo Grande
Zip Code93420
AreaARRG - Arroyo Grande
Listing VS Median (in 93420)
Price:
$2,499,000
low | high
Med:
$699,900
100% of Average
SqFt:
8,304
low | high
Med:
2,069
100% of Average
$ / SqFt:
$301
low | high
Med:
$338
37.59216398014% of Average
On Site:
218
low | high
Med:
4
100% of Average
Listing Updated: 11/19/2018
MLS Number: PI18085347
Listing Provided By:
Hal Sweasey  of  RE MAX Del Oro
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