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Listed by Kevin King, DRE #01013696 • King Properties
$ 2,650,000
Est. payment /mo
Price Dropped by $150K
839 Longbranch Grover Beach, CA 93433
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC26150620
Year Built 1978
Lot Size 0.268 Acres
Source California Regional MLS
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
Area Grvc - Grover Beach
Interior
Heating Central Forced Air
Cooling None
Laundry Community Facility
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 060229016
Special Listing Condition Not Applicable
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