1391 W Grand Avenue Grover Beach CA 93433 MLS #SC24099457

1391 W Grand Avenue
Grover Beach, CA, 93433
$998,000
Beds
0 Baths
SqFt
0.13 Acres
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.

Property Details

Price:
$998,000
MLS #:
SC24099457
Status:
Active
Baths:
0
Address:
1391 W Grand Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Grover Beach 330
Neighborhood:
grvcgroverbeach
City:
Grover Beach
Listed Date:
May 16, 2024
State:
CA
ZIP:
93433
Lot Size:
5,875 sqft / 0.13 acres (approx)
Year Built:
1959
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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Schools

Interior

Appliances
Gas Oven, Gas Range, Water Heater
Cooling
Ductless, High Efficiency
Fireplace Features
Living Room, Primary Bedroom, Gas
Flooring
Carpet, Laminate, Tile, Vinyl
Heating
Wall Furnace
Window Features
Screens

Exterior

Community Features
Curbs, Gutters, Watersports, Preserve/ Public Land, Sidewalks, Storm Drains
Fencing
Block, Masonry
Foundation Details
Slab
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre, Corner Lot, Landscaped, Level
Parking Features
Auto Driveway Gate, Driveway, Concrete, Paved, Driveway Level, Garage, Garage Faces Front, Garage – Two Door, On Site
Parking Spots
6.00
Pool Features
None
Roof
Composition
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Buyer Agent Compensation
2.000
Tenant Pays
All Utilities
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Map

Community

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