794 Arlington StCambria, CA 93428

Property Details for 794 Arlington St

Year built

1986

Construction

WOOD

Lot size

0.02 AC

Property size (Sq ft)

750 SF

Zone code

CR

Property type

Office properties

APN

022-123-029

APU

22123029

Description

This exceptional 750-square-foot retail condominium in Cambria, California, presents a unique investment opportunity. Located at 794 Arlington Street, Unit 203, this property boasts stunning penthouse views and is ideally situated just half a block from the vibrant Main Street, yet offers the tranquility of being within walking distance of Moonstone Beach. The unit is currently occupied by a tenant, providing immediate income potential. The interior features a well-appointed kitchen, perfect for an owner-user seeking a comfortable workspace, and a bathroom complete with a large shower. The property sits on a 0.02-acre lot, offering a manageable footprint for a retail business. The convenient location, combined with the attractive features of the unit itself, makes this an excellent choice for an owner-occupant or investor seeking a high-demand retail space in a desirable coastal town. The property is priced at $180,000, representing a compelling value in the current market. This turnkey opportunity offers a blend of business potential and comfortable living, making it an ideal choice for those seeking a unique commercial property in Cambria. The existing tenant provides a stable income stream, minimizing initial vacancy risk. The property's proximity to both the bustling downtown area and the serene Moonstone Beach ensures high visibility and foot traffic.

• CAP approach

  CAP return

  Valuation

  6%

  $106,325

  6.5%

  $98,146

  7%

  $91,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $99,593

  Geo Method

  $209,182

• Alternative Use

  Use

  Valuation

  Residential

  $121,701

  Hospitality

  $111,477

  Educational

  $92,748

  Medical

  $95,938

  Retail

  $144,274

Location Insight

City

Cambria

County

San Luis Obispo

State

California

Latitude

35.5678

Longitude

-121.1

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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