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1253 E Grand Ave
Arroyo Grande, CA 93420
Asking Price
$1.95M
Asset Type
Residential Land
Class
Class B
What's Special
8 Entitled Townhomes | 1,867 SF + Rooftop Deck | Arroyo Grande <ul><li>8 fee-simple townhomes on mapped lots (Tract 3210, Lots 1–8)</li><li>Each unit approx. 1,867 SF | 3 bed | 3.5 bath | private in-unit elevator</li><li>Private 244 SF rooftop deck per unit; top-floor opens to front balcony</li><li>Attached 2-car garage per unit; guest parking on site</li><li>City-approved plans and entitlements in hand</li><li>CC&Rs and HOA documents prepared</li><li>Central Arroyo Grande location - minutes from Hwy 101, Pismo Beach, and the Village</li></ul>
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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433
