748 Garrett LN Arroyo Grande, CA 93420
1.42 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PI25170191
HOA Y/N No
Year Built 1940
Lot Size 1.420 Acres
Property Sub-Type Mixed Use
Property Description
The industrial/commercial portion of the property encompasses approximately 7,464 square feet of industrial space, currently home to a long-standing, locally operated welding and metal fabrication business. The seller is open to leasing back the industrial portion, allowing for immediate rental income with a stable commercial tenant in place.
In addition to the industrial component, the property features two income-generating residences. The first is a site-built home offering a spacious layout with 1 bedroom, 1.5 bathrooms, and 1,482 sqft with potential for two additional rooms with closet additions. A private fenced yard and detached structure for storage adding flexibility to the space. The second residence is a, 3-bedroom, 2-bathroom, 1,560sqft manufactured home that has been upgraded with new flooring, granite countertops, and vaulted ceilings. A detached four-bay garage and a newer roof (installed just three years ago) further enhance the property's appeal.
With strong rental history, a desirable location, and a unique mix of commercial and residential components, this property is well-suited for investors seeking steady cash flow or buyers looking for live-work flexibility. Reach out today to explore the possibilities this dynamic property offers.
Location
State CA
County San Luis Obispo
Area Ag Mesa
Zoning IND
Rooms
Other Rooms Guest House Detached, Guest House, Shed(s), Workshop
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level
Heating Central
Cooling None
Fireplace No
Appliance Dishwasher, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Asphalt, Driveway Level, Driveway, Garage, Paved, Private, RV Potential, RV Access/Parking, Workshop in Garage
Garage Spaces 4.0
Garage Description 4.0
Fence Chain Link, Privacy, Wood
Pool None
Community Features Hiking, Suburban
Utilities Available Electricity Connected, Propane, Sewer Connected, Water Connected
View Y/N Yes
View Hills
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Rectangular Lot, Sloped Up, Value In Land
Story 1
Entry Level One
Sewer Septic Tank
Water Well
Level or Stories One
Additional Building Guest House Detached, Guest House, Shed(s), Workshop
New Construction No
Others
Senior Community No
Tax ID 091341011
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
