839 Longbranch, Grover Beach, CA 93433
- $2,800,000
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- SC26150620
- Year Built
- 1978
- Lot Size
- 11,662
- Acres
- 0.27
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 14
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Grover Beach (330)
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.
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Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $185,256
- Operating Expense
- 52554
Listing courtesy of Listing Agent: Kevin King (kevin.king@svn.com) from Listing Office: King Properties.
Mortgage Calculator
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