Historical Multifamily Sale Listing - Jade & Onyx Apartments

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Jade & Onyx Apartments

271/291 S Halcyon Rd, Arroyo Grande, CA 93420

N/A

26 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
26
Building Size:
18,490 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5.26%
Gross Rent Multiplier:
10.36
No. Stories:
2
Year Built:
1962
Lot Size:
35,744 SF
APN / Parcel ID:
006-544-024
Listing ID
17754098
Last Updated
356 days ago

Highlights

  • Two apartment buildings in the desirable community of Arroyo Grande
  • Good upside in rents
  • Near Pismo State Beach and Pismo Dunes
  • Two separate APNs

Description

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.

Map of 271/291 S Halcyon Rd, Arroyo Grande, CA 93420 (San Luis Obispo County)

Research for 271/291 S Halcyon Rd, Arroyo Grande, CA 93420 (San Luis Obispo County)

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Created 7/18/2012