354 South Halcyon Road

Closed 8/31/23
Closed 8/31/23
Gallery Image 1
Sold
Last Sold Price
$1,500,000
5,150 sqft

354 S Halcyon Rd, Arroyo Grande, CA 93420

Mixed UseProperty Type
0.37 acresLot Size
1992Year Built
$291/sq ftPrice per sq ft

Description

Seller financing available. Great opportunity to own a mixed use commercial and residential property in a SUPREME location in the heart of coveted Arroyo Grande. Located just across the street from Arroyo Grande Hospital and other local amenities.  With an oversized lot of 16,000± sq.ft, this could be the perfect spot for a multi-family housing project opportunity as the zoning supports up to 8 residential units.  The first floor is a commercial space of around 4,263± sq.ft consisting of 4 office...Seller financing available. Great opportunity to own a mixed use commercial and residential property in a SUPREME location in the heart of coveted Arroyo Grande. Located just across the street from Arroyo Grande Hospital and other local amenities.  With an oversized lot of 16,000± sq.ft, this could be the perfect spot for a multi-family housing project opportunity as the zoning supports up to 8 residential units.  The first floor is a commercial space of around 4,263± sq.ft consisting of 4 office spaces (A=855SF, B=798SF, C=917SF, D=855SF) currently leased by 1 tenant for $8,500.68/month to a county entity.  The second level is a 813± sq.ft 1 bed, 1 bath residential unit apartment currently rented for $1350/month.  The lot offers ample off-street parking spaces and benefits from a private fenced grassy court in the back that could be developed.  An unmatched opportunity in the market we are in and for this location.  This property is the ultimate edge against our current inflation currently generating $9,850/month with rent below market value.
  • Listed by: Francesco Pierini DRE #02052032 Brokerage DRE #01259831 • Home & Ranch Sotheby's Intl
Listing closed: 08/31/2023 12:00 AM • Source: CRMLS, MLS#: NS23083605
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Location

Listing Courtesy of Home & Ranch Sotheby's Intl, Francesco Pierini, DRE #02052032

Sold By Modern Broker, Inc., Adam Pettit, DRE #02114093

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$9,370 per month

30 year fixed, 7.03% Interest

Principal and Interest

$8,008

Property Taxes

$1,362

HOA Dues

$0

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Property Information for 354 South Halcyon Road

Property Details

  • MLS Type: Commercial Sale / Mixed Use
  • County: San Luis Obispo County
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16092
  • Building Area Total: 5150
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 2
  • Zoning: GC
  • Parcel Number: 077204029
  • Area: West of Hwy 101 (AG)
  • Directions: From 101, Take exit 187B for Halcyon Rd, Continue onto N Halcyon Rd, Property will be on the right

Building Information

  • Stories: 2
  • Year Built: 1992
  • Lot Size: 0.37 AC / 16,092 SF

Income / Expense / Tax Details

Income Details
  • Gross Scheduled Income: $118,208
  • Cap Rate: 5.0
Expense Details
  • Operating Expense: $23,100
  • Expense Year: $2,022

Community / Development

Community / Development
  • Investment Property: Yes

Property / Structure Info

Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Land Use: Office, Other
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing

Unit Information

Unit Information
  • Number Of Units Leased: 5
  • Number Of Buildings: 1

Property History for 354 South Halcyon Road

DateEvent & SourcePriceAppreciation
Aug 31, 2023

Sold (Public Record)

Public Record #1517740227

$1,550,000

+2.2% / yr

Aug 31, 2023

Sold

CRMLS #NS23083605

$1,500,000—
Jul 21, 2023

Price Change

CRMLS #NS23083605

$1,750,000—
DateEvent & SourcePrice
08/31/2023

Sold (Public Record)

Public Record #1517740227

$1,550,000

+2.2% / yr

08/31/2023

Sold

CRMLS #NS23083605

$1,500,000
07/21/2023

Price Change

CRMLS #NS23083605

$1,750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

354 South Halcyon Road

Beds

2

Baths

7

Total Finished SqFt

5,150 SqFt

Above Grade Finished SqFt

5,150 SqFt

Stories

2

Lot Size

16,092 SqFt

Schools near 354 South Halcyon Road

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Harloe Elementary School
Public - K to 6
Paulding Middle School
Public - 7 to 8
Arroyo Grande High School
Public - 9 to 12
Pacific View Academy
Public - K to 12
Rating
School
Distance
Harloe Elementary School
PublicK to 6

Paulding Middle School
Public7 to 8

Arroyo Grande High School
Public9 to 12

Pacific View Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Home & Ranch Sotheby's Intl, Francesco Pierini, DRE #02052032

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.