271/291 S Halcyon Rd
Arroyo Grande, CA 93420 ·
26 Units · Multifamily For Sale
Jade & Onyx Apartments
|No. Units||26||Gross Rent Multiplier||10.36|
|Building Size||18,490 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1962|
|Property Sub-type||Garden/Low-Rise||Lot Size||35,744 SF|
|Property Use Type||Investment||APN / Parcel ID||006-544-024|
|Listing ID: 17754098||Date Created: 07/18/2012||Last Updated: 04/25/2013|
The Jade and Onyx apartments are two separate (2)-story walk up apartment buildings in the desirable community of Arroyo Grande. The properties are just a few minutes for Old town Arroyo Grande or a quick drive down Grand Ave to Pismo State Beach and Pismo Dunes. Each building sits on a separate lot (with APN) and features separate courtyards and carports. Total unit mix is (13)-2Bed/1Bath & (13)-1Bed/1Bath with rents below market. The Jade and Onyx apartments have great income upside and are priced well below replacement cost. This investment won' t last. One seller is a licensed CA real estate agent.
Arroyo Grande is located midway between Los Angeles and San Francisco and has a pleasant year-round climate. The city is nestled between the Pacific Ocean, beautiful foothills, lakes, and world-class wineries, covering 5.45 square miles, with a population of 17,252.
Once in Arroyo Grande, take Halcyon south from Grand Avenue. Property is located about 1-1/2 blocks on the east side of Halcyon.
- Two apartment buildings in the desirable community of Arroyo Grande
- Good upside in rents
- Near Pismo State Beach and Pismo Dunes
- Two separate APNs
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