1391 West Grand Avenue

Grover Beach, CA 93433

$998,000
Price
4
Beds
3
Baths
1,894 Sq. Ft.
$527 / Sq. Ft.
1,894
Sq. Ft.
$527
per Sq. Ft.

Description

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...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 bedroom unit is currently rented for $2250/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.
  1. Listed by Ben Tilbury • DRE #02026424 • Brokerage DRE #02005015 • Keller Williams Realty Central Coast • 925-550-6833

Property Details for 1391 West Grand Avenue

Architectural Style
Traditional
View
Neighborhood
Parking Spaces Total
6
Private Pool
No
Cooling Type
Ductless, High Efficiency
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Keller Williams Realty Central Coast, Ben Tilbury, DRE #02026424
Add your commute
LISTING UPDATED: 05/25/2024 02:09 PM

Property Details for 1391 West Grand Avenue

StatusActive
MLS #SC24099457
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1959
Lot Size0.13 AC / 5,875 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Keller Williams Realty Central Coast, Ben Tilbury, DRE #02026424
Add your commute

Building Information for 1391 West Grand Avenue

Stories1Residences-Year Built1959Building Size-Lot Size0.13 AC / 5,875 SF

Payment Calculator

$6,212 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,446

Property Taxes

$766

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1391 West Grand Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $62,400
  • Gross Scheduled Income: $84,600
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $65,900
  • Cap Rate: 6.6
Expense Details
  • Operating Expense: $18,700
  • New Taxes Expense: $11,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Maintenance Expense: $1,500
  • Trash Expense: $1,800
  • Water Sewer Expense: $950
  • Supplies Expense: $450
  • Total Expenses: $18,700
Tax / Assessment Info
  • Tax Block: 78
  • Tax Census Tract: 120.00
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Gutters, Watersports, Preserve/Public Land, Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Equipment: Gas Or Electric Dryer Hookup
  • Room Type: All Bedrooms Down, Office
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Fireplace Features: Living Room, Primary Bedroom, Gas
  • Fireplace Rooms: Gas, Living Room
  • Cooling: Ductless, High Efficiency
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Tile, Vinyl
Exterior Features
  • Door Features: Panel Doors
  • Window Features: Screens
  • Security Features: Smoke Detector(s)
  • Construction Materials: Concrete, Stucco
  • Exterior Construction: Concrete, Stucco
  • Roof: Composition
  • Entry Location: Front
  • Fence: Yes
  • Fence: Masonry
  • Fencing: Block, Masonry
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic, Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Corner Lot, Landscaped, Level
  • Lot Location: Preserve/Public Land, Corner Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Auto Driveway Gate, Driveway, Garage, Garage - 2 Car
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Auto Driveway Gate, Driveway, Concrete, Paved, Driveway Level, Garage, Garage Faces Front, Garage - Two Door, On Site
Property / Structure Info
  • Builders Tract Name: Grover Beach
  • Builders Tract Code: Grover Beach (330)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number Wall AC: 1

Property History for 1391 West Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1391 West Grand Avenue

Taxable ValueLand$191,387Additions$601,504Total$792,891
Tax Record2023$9,189 ($766 / month)
Home Facts
Total Finished SqFt750 SqFtAbove Grade Finished SqFt750 SqFtLot Size5,875 SqFtStyleOffice BuildingYear Built1959ZoningCBDCountySAN LUIS OBISPOAPN060-243-011

Schools near 1391 West Grand Avenue

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 8 to 12
Public - 9 to 12
Rating
School
Distance
Grover Heights Elementary School
PublicK to 6

Judkins Middle School
Public7 to 8

Arroyo Grande High School
Public8 to 12

Central Coast New Tech High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1391 West Grand Avenue is a mixed use property for sale in Grover Beach, CA 93433. This property was listed for sale on May 16, 2024 by Keller Williams Realty Central Coast, it's currently listed at $998,000. It has been on the market for a total of 26 days and was last sold on March 26, 2018. This listing's school district is Lucia Mar Unified School District. Nearby schools include Grover Heights Elementary School, Judkins Middle School and Arroyo Grande High School. 1391 West Grand Avenue is a 4-bed, 3-bath, 1,894 sqft mixed use property built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Central Coast, Ben Tilbury, DRE #02026424

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.