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805 Dodson Way

Arroyo Grande, CA 93420
  • $3,950,000
  • STATUS: Active
  • ON SITE: 126 Days
  • ID#: PI24182241
UPDATED: 32 min ago
$3,950,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1975
County:

School Ratings & Info

Listing Agent(s): Christa Lowry of BHGRE Haven Properties (805-592-2050)


Description

Discover an unparalleled investment opportunity with this 11-unit apartment complex, ideally situated in the heart of Arroyo Grande. Just moments from the charming village, this property offers easy access to top-rated medical facilities, public transportation, schools, and the 101 freeway. Residents will enjoy a wealth of nearby amenities, including shopping, dining, and entertainment options. Plus, the Pacific Ocean and the renowned Oceano Dunes are only 3 miles away, offering endless recreational activities such as 4-wheeling, horseback riding, and sunbathing. This complex boasts an impressive track record with minimal vacancy rates, thanks to its superior location and recent upgrades, including refreshed stairs, new paint, updated fences, and improved carports. Whether you're looking to expand your investment portfolio or capitalize on a property with high tenant demand, this apartment complex presents an exceptional opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-18T15:32:16.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/155161678
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805 Dodson Way Arroyo Grande, CA 93420

  • Price: $3,950,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 32 min ago
  • ID#: PI24182241
0
Beds
0
Baths
0
½ Baths
0.51
Acres
1975
Built
Neighborhood:
Ag-West Of Hwy 101
County:
San Luis Obispo
Area:
Ag-West Of Hwy 101
Property Description
Discover an unparalleled investment opportunity with this 11-unit apartment complex, ideally situated in the heart of Arroyo Grande. Just moments from the charming village, this property offers easy access to top-rated medical facilities, public transportation, schools, and the 101 freeway. Residents will enjoy a wealth of nearby amenities, including shopping, dining, and entertainment options. Plus, the Pacific Ocean and the renowned Oceano Dunes are only 3 miles away, offering endless recreational activities such as 4-wheeling, horseback riding, and sunbathing. This complex boasts an impressive track record with minimal vacancy rates, thanks to its superior location and recent upgrades, including refreshed stairs, new paint, updated fences, and improved carports. Whether you're looking to expand your investment portfolio or capitalize on a property with high tenant demand, this apartment complex presents an exceptional opportunity.
Exterior Features

Carport Spaces 11 Carport YN Yes Construction Materials Stucco Entry Level 1 Fencing Excellent ConditionWood Lot Features 11-15 Units/AcreLevelPavedSprinkler SystemStreet Level Parking Total 11 Roof CompositionShingle Sign On Property YN Yes

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 3.41 Common Interest Community Apartment Electric Standard Gross Scheduled Income 182864 Land Lease YN No Laundry Features Common AreaLaundry RoomSee Remarks Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 134875 Number Of Units Leased 10 Operating Expense 48167 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Special Listing Conditions Standard Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-18T15:32:16.787. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): Christa Lowry of BHGRE Haven Properties (805-592-2050)