316 South Halcyon Road

Arroyo Grande, CA 93420

$2,659,500
Last Sold Price
12
Beds
10
Baths
8,776 Sq. Ft.
$303 / Sq. Ft.
8,776
Sq. Ft.
$303
per Sq. Ft.

Description

Superb Arroyo Grande real estate opportunity! Put your hard-earned money to work with these 5 RESIDENCES w/ 1 New Commercial bldg. w/ 2 tenants. Three recent rent increase Oct. 2021. Total of 12 bedrooms & 8 bathrooms. Arroyo Grande Multi-Residential & Commercial 6 residences includes 3 houses and one duplex w/ newly built added bedroom. Complex total currently rented $11,918 monthly & will increase w/ permitted addition. Separately gas & electric metered. Property includes a large, rented shed-barn...Superb Arroyo Grande real estate opportunity! Put your hard-earned money to work with these 5 RESIDENCES w/ 1 New Commercial bldg. w/ 2 tenants. Three recent rent increase Oct. 2021. Total of 12 bedrooms & 8 bathrooms. Arroyo Grande Multi-Residential & Commercial 6 residences includes 3 houses and one duplex w/ newly built added bedroom. Complex total currently rented $11,918 monthly & will increase w/ permitted addition. Separately gas & electric metered. Property includes a large, rented shed-barn structure which generates income for storage. Work your business while rentals subsidize cash flow Includes new built / remodeled buildings, homes & more. Improvements beyond fabulous and strategically located across from Arroyo Grande Community Hospital. Please refer to the attachment for future buildouts of duplex, and a medical facility where the eastern-most home currently exists. Total of 24 parking spaces on the property 2 covered. 1 of 5 homes has 3 bedrooms 2 baths; one has 2-bedroom w/ 2 baths; 3 of the 5 residences features 2 bedrooms 1 baths. All in excellent condition. THE BUSINESS / COMMERCIAL building is newer built with 2810 ADDITIONAL SF WITH TWO PREMIUM BUSINESS SPACES. The total (8) structures & all are rented with 2 long-term renters at below market values. Possible medical office space, & existing plans for a new two-story duplex included with the sale. All residential units 312,316,320,324 & 328 Halcyon have washer/dryer hookups gas and electric. 330 Halcyon is the newly added commercial building. This parcel indeed has SUPREME LOCATION, LOCATION LOCATION! Perfect landing for a 1031 tax-exchange! The $1195 per month stand-alone home at 316 Halcyon is occupied by one of the existing owners. He may move once this transaction takes place thus creating a higher rent to come.
  1. Listed by Paul Masters • DRE #01194435 • Brokerage DRE #01845744 • Home Masters Realty

Property Details for 316 South Halcyon Road

Parking Spaces Total
24
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8776
Assessor Parcel Number
077204027
Property Attached YN
true

Location

Listing Courtesy of Home Masters Realty, Paul Masters, DRE #01194435

Sold By Vintage Investment Properties, Debbie Hrabe, DRE #01178389

Add your commute
LISTING UPDATED: 06/30/2022 01:58 PM

Property Details for 316 South Halcyon Road

StatusClosed
MLS #PI22008054
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2015
Lot Size0.79 AC / 34,412 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Home Masters Realty, Paul Masters, DRE #01194435

Sold By Vintage Investment Properties, Debbie Hrabe, DRE #01178389

Add your commute

Building Information for 316 South Halcyon Road

Stories-Residences-Year Built2015Building Size-Lot Size0.79 AC / 34,412 SF

Payment Calculator

$16,919 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,514

Property Taxes

$2,405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 316 South Halcyon Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $140,940
  • Gross Scheduled Income: $143,016
  • Net Operating Income: $119,680
  • Cap Rate: 5.1
  • Current Financing: Government Loan
  • Financing: Contract
Expense Details
  • Operating Expense: $23,366
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,270
  • Professional Management Expense: $0
  • Other Expense: $14,480
  • Trash Expense: $1,416
  • Water Sewer Expense: $4,200
  • Total Expenses: $23,366
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $1
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Exterior: Composite Siding, Stucco, Wood Shingle
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft, Yard
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 22
  • Open Other Spaces Total: 22
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: West of 101
  • Builders Tract Code: West of 101(1000)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $22,500
  • Unit Type Pro Forma: 23700
  • Unit Type Type: 1
  • Unit Type Description: stand alone home
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,195
  • Unit Type Total Rent: $14,340
  • Unit Type Pro Forma: 22200
  • Unit Type Type: 2
  • Unit Type Description: stand alone home
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $15,000
  • Unit Type Pro Forma: 22200
  • Unit Type Type: 3
  • Unit Type Description: one side of duplex
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $18,900
  • Unit Type Pro Forma: 23700
  • Unit Type Type: 4
  • Unit Type Description: one side of duplex
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,675
  • Unit Type Total Rent: $20,100
  • Unit Type Pro Forma: 22200
  • Unit Type Type: 5
  • Unit Type Description: stand alone home
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $33,600
  • Unit Type Pro Forma: 33600
  • Unit Type Type: 6
  • Unit Type Description: Main floor office space
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,438
  • Unit Type Total Rent: $16,500
  • Unit Type Pro Forma: 20100
  • Unit Type Type: 7
  • Unit Type Description: Upstairs office space
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $85
  • Unit Type Total Rent: $1,020
  • Unit Type Pro Forma: 12000
  • Unit Type Type: 8
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 9
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2

Property History for 316 South Halcyon Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 316 South Halcyon Road

Taxable ValueLand$663,000Additions$2,049,690Total$2,712,690
Tax Record2023$28,860 ($2,405 / month)
Home Facts
Total Finished SqFt816 SqFtAbove Grade Finished SqFt816 SqFtLot Size34,412 SqFtStyleOffice BuildingYear Built1935ZoningOCountySAN LUIS OBISPOAPN077-204-027

Schools near 316 South Halcyon Road

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 8 to 12
Public - 9 to 12
Rating
School
Distance
Harloe Elementary School
PublicK to 6

Paulding Middle School
Public7 to 8

Arroyo Grande High School
Public8 to 12

Central Coast New Tech High School
Public9 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Masters Realty, Paul Masters, DRE #01194435

Based on information from one of the following Multiple Listing Services: Santa Barbara 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 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.