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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 front unit with Grand Avenue frontage is currently set up for a retail space or office, it's been fully renovated with new tile flooring, paint, dual pane windows, mini-split A/C. The back building is a duplex with two 1 bedroom, 1 bathroom units which have been newly renovated and are turn key. 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 a few years ago but does not currently have a short term permit. Back 1 bed/1bath unit is currently rented for $2,250/month and other 1 bed/1 bath is rented for $2,150/month. Both back units come with attached garage spaces. New roofs were installed in September 2020. 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. Ask city about potential to convert garage to an additional ADU unit and potential to convert part of front building into a residential unit to make 5 units and increase cash flow and equity.
| Last Updated | 7/13/2024 | Tract | Grover Beach (330) |
|---|---|---|---|
| Year Built | 1959 | Community | Grover Beach |
| Garage Spaces | 2.0 | County | San Luis Obispo |
Additional Details
| AIR | Ductless, High Efficiency |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Oven, Gas Range, Water Heater |
| AREA | Grover Beach |
| CONSTRUCTION | Concrete, Stucco |
| FIREPLACE | Yes |
| GARAGE | Concrete, Door-Multi, Driveway, Driveway Level, Electric Gate, Garage, Garage Faces Front, On Site, Paved, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 5875 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Corner Lot, Landscaped, Level |
| PARKING | Concrete,Door-Multi,Driveway Level,Driveway,Electric Gate,Garage Faces Front,Garage,On Site,Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Traditional |
| SUBDIVISION | Grover Beach (330) |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
| ZONING | CBD |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/15/24 8:20 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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