1391 West Grand Avenue
1391 West Grand Avenue
$998,000
4
3
1,894
1,894
$527
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.
- 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
ViewNeighborhood
Parking Spaces Total6
Private PoolNo
Cooling TypeDuctless, High Efficiency
Total Units3.0
Building TypeDetached
Lot Size SourceAssessor
Location
LISTING UPDATED: 05/25/2024 02:09 PM
Property Details for 1391 West Grand Avenue
Status | Active |
---|---|
MLS # | SC24099457 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1959 |
Lot Size | 0.13 AC / 5,875 SF |
County | San Luis Obispo County |
Location
Building Information for 1391 West Grand Avenue
Stories1Residences-Year Built1959Building Size-Lot Size0.13 AC / 5,875 SF
Payment Calculator
$6,212 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1391 West Grand Avenue
Property History for 1391 West Grand Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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