865 Noyes Road, Arroyo Grande, CA 93420

Property Description

An opportunity to acquire a 3-Unit property located at 865 Noyes in the city of Arroyo Grande and minutes away from Grover and Pismo Beach. Ideal for an owner/user, 865 Noyes Road is located north west of the 101 Freeway in the highly sought-after country coastal neighborhood of Arroyo Grande. Not only is the property near both Grover and Pismo Beach, it also provides immediate access to nearby amenities; parks, shops, and restaurants. Arroyo Grande is conveniently located near California Polytechnic State University, Cal Poly San Luis Obispo, Laurus College, San Joaquin Valley College, Pismo Beach Premium Outlets and Vandenberg AFB. 865 Noyes Road is a rare multifamily investment opportunity that consists of three, single-story homes built in 1984. The property is situated on a large ±3.29 acre lot with a total building size of ±4,101 square feet. The property offers an excellent unit mix including a spacious two-bedroom/two-bathroom house, three-bedroom/two-bathroom house and a four-bedroom/two-bathroom house with the potential ability to develop and add on an accessory dwelling unit (ADU). Units feature wall-to-wall carpeting and upgraded flooring (in most units), vertical blinds, central air conditioning and heating, washer & dryers, in addition to kitchens and bathrooms that are full-equipped. Each unit has Spanish roof tiles and includes plenty outdoor space, private patio/ yard, outside storage, ample parking, on-site laundry room, lush landscaping with a country coastal setting and access to private well-water. 865 Noyes Road in Arroyo Grande, California is a prime San Luis Obispo County income-producing property and a great long-term investment. The property is in a highly desirable neighborhood and offers stability for any type of owner/user or investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.