WELCOME TO 338 ALOMA WAY, AN AMAZING INVESTMENT OPPORTUNITY IN ARROYO GRANDE! This unique home sits on 10.13 acres in a most desirable area of Arroyo Grande. The 3453 sq.ft. 4 bedroom/3-1/4 bath home was custom-built in the European style. As you enter the house, you're greeted with a formal entry that leads into a HUGE great room with a massive fireplace, cathedral ceilings with magnificent wooden beams, and beautiful hardwood floors, into an open dining room, and galley kitchen with a spacious nook. All have views of the beautiful mature trees. Down the hall you'll find 2 bedrooms which share a bathroom, and a huge indoor laundry/mudroom with a powder room. Upstairs you'll find the master ensuite with a spacious sitting room. One more floor up you'll find an extra office, or sitting room, with a custom built tongue-in-groove beamed ceiling. Outside you'll find a professionally landscaped yard with so much potential. Driving or walking down a road to the back of the property, you'll find an old barn, manufactured home, an outbuilding, and a guest house. The guest house is as cute as it can be with kitchen, living, dining room, and bath downstairs, and 3 BR and 1 bath upstairs ... and rents out for $2000/month! The County has said this 10 acre parcel can be split into two 5-acre parcels with so much potential for building Additional Dwelling Units (ADU's). Buyer to verify. Investors, homeowners, builders? There are so many options with this property, the choice is yours. This property is a must see, don't miss out!!