$1,349,000
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881 Manhattan AVE Grover Beach, CA 93433
3,468 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $388
Subdivision Grover Beach (330)
MLS Listing ID PI23138131
Year Built 1962
Lot Size 7,300 Sqft
Property Description
881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is
uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month
in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition.
The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property
is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces
with ample parking for the current tenant profile.
Location
State CA
County San Luis Obispo
Area Grvc - Grover Beach
Zoning R3
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Heating Wall Furnace
Cooling None
Flooring Vinyl
Fireplaces Type None
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Assigned, Concrete, Covered, Detached Carport, Driveway, Paved
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Ocean, Peek-A-Boo
Roof Type Shingle
Building
Lot Description 16-20 Units/Acre, Landscaped, Level, Rectangular Lot, Value In Land
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry
Special Listing Condition Standard
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Bought with Lillie Missbrenner • Alain Pinel.02-szc Agents