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$1,700,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 748 Garrett Ln

General

  • Price: $1,700,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PI25170191
  • Updated: 12/17/2025
  • Days on Market: 163 days
  • Added to Site: 163 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater

Rooms

Other Rooms

  • Laundry: Gas & Electric Dryer Hookup, Inside, Washer Hookup

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 4
  • Parking Features: Driveway, Asphalt, Paved, Driveway Level, Garage, Private, RV Access/Parking, RV Potential, Workshop in Garage
  • Parking: Driveway, Asphalt, Paved, Driveway Level, Garage, Private, RV Access/Parking, RV Potential, Workshop in Garage

Location

  • Area: AG Mesa
  • County: San Luis Obispo
  • Development Name: AG Mesa
  • Driving Directions: Take Halcyon Rd to CA-1, turn left onto CA-1, turn right onto S Halcyon Rd, turn right onto CA-1 S/Mesa View Dr, turn right onto Garrett Ln, the destination will be on your right.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central

Utilities

  • Sewer: Conventional Septic
  • Water: Well
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 4

Structural Information

  • Roof: Shingle
  • Entry Location: Front Door
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 10,506
  • Year Built: 1940

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Additional Structures

  • Other Structures: Guesthouse, Guest House Detached, Shed(s), Workshop

Lot Features

  • Property View: Hills
  • Lot Size (Acres): 1.4205
  • Lot Size (Sq. Ft.): 61,875
  • Lot Size Source: Assessor
  • Zoning: IND
  • Lot Description: 2-5 Units/Acre, Back Yard, Corner Lot, Rectangular Lot, Slopes Up from Street, Value In Land

Financial Considerations

  • Price Per Sq. Ft.: $161.81
  • Price Per Unit: 566667

Listed by Invest SLO, Chelsea King and Invest SLO, Abel Contreras

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Listing agents

— 748 Garrett Ln —

  • Chelsea King

    Invest SLO

  • Abel Contreras

    Invest SLO

805-540-9333

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 748 Garrett Ln

School District:Lucia Mar Unified School District
NameGradesDistance
Fairgrove Elementary School
2101 The Pike, Grover Beach, CA 93433
K-64.4 mi
Paulding Middle School
600 Crown Hill Street, Arroyo Grande, CA 93420
7-85.6 mi
Nipomo High School
525 North Thompson Avenue, Nipomo, CA 93444
9-125.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 748 Garrett Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2025
Price Reduced
$1,700,000
-6.85%
MLS
8/07/2025
Listed
$1,825,000
52.08%
MLS
6/05/2006
Sold
$1,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 748 Garrett Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,452
3%
$1,639,884
2%
2024
$16,868
1%
$1,607,731
2%
2023
$16,674
2%
$1,576,208
2%
2022
$16,423
17%
$1,545,303
19%
2021
$14,066
8%
$1,300,000
8%
2020
$12,969
-1%
$1,200,000
—
2019
$13,147
-1%
$1,200,000
—
2018
$13,250
—
$1,200,000
—
2017
$13,262
36%
$1,200,000
47%
2016
$9,728
12%
$815,000
—
2015
$8,671
2%
$815,000
—
2014
$8,516
-12%
$815,000
-12%
2013
$9,656
—
$925,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 748 Garrett Ln

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Invest SLO, Chelsea King and Invest SLO, Abel Contreras

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748 Garrett Lane, Arroyo Grande, CA 93420 (MLS# PI25170191) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 748 Garrett Lane is currently listed for $1,700,000 and was received on August 07, 2025. Want to learn more about 748 Garrett Lane? Do you have questions about finding other Multi-Family real estate for sale in Arroyo Grande? You can browse all Arroyo Grande real estate or contact a Coldwell Banker agent to request more information.

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