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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

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Yes. Belmont Brokerage Inc. operates under California Department of Real Estate (DRE) license #02431308. Listings shown from the MLS follow participating board rules, including attribution and IDX display requirements.

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579 Camino Mercado 518 — Arroyo Grande — 2 Beds • 2 Baths • 1,053 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

OPEN APR 17 · 2PM – 6PM

+20 more

$559,950

98 DOM

$532/sqft2 bd2 ba1,053 sqftHOA ~395/mo

Call

579 Camino Mercado 518 Arroyo Grande, CA 93420

1,050sqft lot

579 Camino Mercado # 518 …. a Central Coast experience at its best, combined with huge price drop! Located in reknown Ocean Oaks Condominium Park 55+ community in Arroyo Grande, this 2 bedroom/2 bath completely turnkey condo is ready; looking for that senior who is looking for that Central Coast beach lifestyle with a peek see of the city, surrounding coastal hills, and panoramic Pacific Ocean view. Upon entering this cozy home with open concept floor plan, you will quickly see the meticulous list of beautiful updates, including newer luxury vinyl plank flooring, inset lighting throughout the entire space, custom designed ceiling space in the Living Room, newer stainless steel appliances, beautiful cabinetry, and iconic California beach toned granite countertops with custom designed backsplash. Come see the long list of amenities and custom designs this condo has to offer. Living room is staged virtually. Call today for updated info; and don't forget to stop and browse at the numerous shops and eateries almost walking distance from the property; perhaps enjoy a meal at the famous AJ Spurs, located within 1/2 mile!

MLS FR26003686

559-367-0200 (Office) 5593670200 (Cell) altschulergroup@gmail.com

Est. payment

$3,972/mo

Principal & interestTaxesInsuranceHOA

$2,831$583$163$395

Down %

Rate %

Years

Down payment: $111,990 · Total cost: $1,131,298

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$3,972/mo

Principal & interest: $2,831
Est. property tax: $583
Est. insurance: $163
HOA (normalized / mo): $395
Down payment: $111,990

Est. gross rent$2,333/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,639/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jan 7, 2026	$584,500	—

Facts & Features

Transaction Data

▼Price Reduced from $584,500 (−$24,550)

HOA Fee$395/monthly

Structure & Property

Year Built2007

Garage Spaces1

559-367-0200 (Office) 5593670200 (Cell) altschulergroup@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

579 Camino Mercado 518, Arroyo Grande, CA 93420

Get Directions

Call

579 Camino Mercado 518 Arroyo Grande, CA 93420

About this home

Nancy Altschuler

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Nancy Altschuler

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

579 Camino Mercado 518, Arroyo Grande, CA 93420

About This Property

Property Photos

579 Camino Mercado 518 Arroyo Grande, CA 93420

About this home

Nancy Altschuler

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Nancy Altschuler

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.