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    1391 W Grand Avenue

    Grover Beach, CA 93433
    • $950,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: SP20214239
    UPDATED: 29 min ago
    $950,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,894
      SQFT
    • $502
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Great opportunity to own a three unit investment property with income producing and future development potential within the central business district (CBD) zoning. This property is in an A+ location on a corner lot and frontage on Grand Avenue with high traffic count. There are endless options with this versatile property. The property has one single family home/office and a duplex. Currently the layout is two 1 bedroom, 1 bathroom units which have been newly renovated and are turn key and ready to rent. The front 2 bedroom, 1 bath unit is currently been leased as an office but can be converted back to a single family home. The middle unit is a 1 bedroom unit with a modest renovation and has direct access to the garage and spacious back yard. The back 1 bedroom unit has granite countertops, vinyl plank flooring, a gas fireplace and comes fully furnished. This unit was previously being used as an AirBnB . Both 1 bedroom units currently do not have tenants so rents can be set at current market rate. Both back units come with attached garage spaces and electric security gate. All new roofs installed in September. New exterior and interior paint. Outstanding property for any investor looking to build their portfolio or for someone who wants to run and operate a business downtown Grover Beach.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110909294
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    1391 W Grand Avenue Grover Beach, CA 93433

    • Price: $950,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: SP20214239
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,894
    SQFT
    $502
    $/SQFT
    1959
    Built
    Neighborhood:
    Grover Beach (330)
    County:
    San Luis Obispo
    Area:
    GRVC - Grover Beach
    Property Description
    Great opportunity to own a three unit investment property with income producing and future development potential within the central business district (CBD) zoning. This property is in an A+ location on a corner lot and frontage on Grand Avenue with high traffic count. There are endless options with this versatile property. The property has one single family home/office and a duplex. Currently the layout is two 1 bedroom, 1 bathroom units which have been newly renovated and are turn key and ready to rent. The front 2 bedroom, 1 bath unit is currently been leased as an office but can be converted back to a single family home. The middle unit is a 1 bedroom unit with a modest renovation and has direct access to the garage and spacious back yard. The back 1 bedroom unit has granite countertops, vinyl plank flooring, a gas fireplace and comes fully furnished. This unit was previously being used as an AirBnB . Both 1 bedroom units currently do not have tenants so rents can be set at current market rate. Both back units come with attached garage spaces and electric security gate. All new roofs installed in September. New exterior and interior paint. Outstanding property for any investor looking to build their portfolio or for someone who wants to run and operate a business downtown Grover Beach.
    Exterior Features

    Architectural Style Traditional Construction Materials ConcreteStucco Fence YN Yes Fencing BlockMasonry Foundation Details Slab Garage Spaces 2.00 Lot Features 2-5 Units/AcreCorner LotLandscapedLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Features Auto Driveway GateDrivewayConcretePavedDriveway LevelGarageGarage Faces FrontGarage - Two DoorOn Site Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No Uncovered Spaces 4.00 View Neighborhood View YN Yes

    Interior Features

    Appliances Gas OvenGas RangeWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 500 Average1 Bed Area Units Square Feet Average2 Bed Area 894 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Door Features Panel Doors Fireplace Features Living RoomMaster BedroomGas Fireplace YN Yes Flooring CarpetLaminateTileVinyl Heating Wall Furnace Heating YN Yes Laundry Features Gas & Electric Dryer Hookup Levels One Room Type All Bedrooms DownOffice Window Features Screens

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.90 Community Features CurbsGuttersWatersportsPreserve/Public LandSidewalksStorm Drains Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 62400.00 Gross Scheduled Income 62400.00 Insurance Expense 1400.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1500.00 Net Operating Income 46800.00 New Construction YN No New Taxes Expense 9500.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 1 Number With Carpet 1 Number With Range 2 Number With Refrigerator 2 Operating Expense 15600.00 Property Condition Repairs CosmeticTurnkeyUpdated/Remodeled Property Sub Type Commercial/Residential Rent Control YN No Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Grover Beach (330) Supplies Expense 450.00 Tenant Pays All Utilities Total Expenses 15600.00 Trash Expense 1800.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 5.00 Water Sewer Expense 950.00 Water Source Public Year Built Source Assessor Zoning Cbd

    Listing provided courtesy of Ben Tilbury of Keller Williams Realty Central Coast


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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