748 Garrett Lane, Arroyo Grande, CA 93420
Local realty services provided by:Better Homes and Gardens Real Estate Champions
748 Garrett Lane,Arroyo Grande, CA 93420
$1,825,000
- - Beds
- - Baths
- 10,506 sq. ft.
- Multi-family
- Active
Listed by:chelsea king
Office:invest slo
MLS#:PI25170191
Source:CRMLS
Price summary
- Price:$1,825,000
- Price per sq. ft.:$173.71
About this home
Large industrial building + two single family homes. Positioned on 1.42 acres in a highly accessible Arroyo Grande location, this industrial/mixed-use property presents an exceptional opportunity for investors or owner-users. Just minutes from both Pismo Beach and Nipomo’s commercial core, the site offers excellent visibility and easy access to areas along the Central Coast.
The industrial/commercial portion of the property encompasses approximately 7,464 square feet of industrial space, currently home to a long-standing, locally operated welding and metal fabrication business. The seller is open to leasing back the industrial portion, allowing for immediate rental income with a stable commercial tenant in place.
In addition to the industrial component, the property features two income-generating residences. The first is a site-built home offering a spacious layout with 1 bedroom, 1.5 bathrooms, and 1,482 sqft with potential for two additional rooms with closet additions. A private fenced yard and detached structure for storage adding flexibility to the space. The second residence is a, 3-bedroom, 2-bathroom, 1,560sqft manufactured home that has been upgraded with new flooring, granite countertops, and vaulted ceilings. A detached four-bay garage and a newer roof (installed just three years ago) further enhance the property's appeal.
With strong rental history, a desirable location, and a unique mix of commercial and residential components, this property is well-suited for investors seeking steady cash flow or buyers looking for live-work flexibility. Reach out today to explore the possibilities this dynamic property offers.
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Home facts
- Year built:1940
- Listing ID #:PI25170191
- Added:49 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Living area:10,506 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1940
- Building area:10,506 sq. ft.
- Lot area:1.42 Acres
Utilities
- Water:Water Connected, Well
- Sewer:Septic Tank, Sewer Connected
Finances and disclosures
- Price:$1,825,000
- Price per sq. ft.:$173.71
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