839 LongbranchGrover Beach, CA 93433

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1978

Stories

2

Building area

6,082 Sq Ft

Lot size

0.27 acres

Garage spaces

6

Parking spaces

6

Zoning

R3

Days on market

92

MLS^® Listing#

SC26150620

Property Features

Cooling

None

Heating

Central

Fireplace

None

Pool

None

Laundry

Common Area

Community

Sidewalks

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Parcel number

060229016

Directions

take grand ave from highway 1 towards downtown Grover Beach and left on Longbranch