3 bedroom single family home currently being used for medical office. Detached cottage being used for residential purposes. Tons of potential to either convert back to single family home use and enjoy the almost acre back yard in an up and coming area of Arroyo Grande, or move forward with the approved development plan. East Grand Village is approved and entitled to build 20 new residential units and 2 mixed use buildings which front East Grand Ave. with commercial on ground floor and spacious 2-bedroom apartments above, ideal for a live work scenario. The interior units are creativley designed 2 bed 2.5 bath units which have individual facades and incorporate a variety of materials and unit types which scale appropriately with adjacent residential zones. Roof decks for each unit adds quality outdoor space for future tenants/owners. A new drive aisle between the two mixed use buildings leads to a 40-stall surface parking lot screened entirely from street view. Currently the 2 buildings on site generate $3,595 per month in income.