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$ 2,800,000
Est. payment | /mo
8 Beds
8 Baths
0.27 Acres Lot
$ 2,800,000
Est. payment | /mo
8 Beds
8 Baths
0.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Grover Beach (330)
MLS Listing ID SC26150620
Bedrooms 8
Lot Size 0.268 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Well-maintained 7-unit apartment building in an excellent Grover Beach location. Conveniently located near the popular Grand Avenue corridor with shopping, restaurants, and ongoing new development, the property also offers easy access to the beach, community parks, the Amtrak station, public transportation, Highway 1, and Highway 101. Five of the seven units have been updated with updated flooring, countertops, fixtures, and appliances. A recently installed MeterNet water sub-metering system allows the owner to recover water costs from tenants, helping improve operating efficiency. Additional amenities include seven private garages, off-street parking, and a community coin-operated laundry facility. With recent capital improvements, utility cost recovery through water sub-metering, and future rental upside, this property presents an excellent investment opportunity.
Location
State CA
County San Luis Obispo
Zoning Public Rec
Direction take grand ave from highway 1 towards downtown Grover Beach and left on Longbranch
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 060229016
Acceptable Financing Cash
Listing Terms Cash
Listed by Kevin King, DRE#01013696 King Properties
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