1391 West Grand Avenue

Grover Beach, CA 93433

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

Description

Unlock the full potential of this meticulously maintained 3-unit mixed use investment property, perfectly positioned on a highly visible corner lot! The front unit features a vacant commercial space that is ready for retail or office usage. The property also includes two 1-bedroom apartment units, each with its own private garage. These two units are fully occupied and have strong ADU potential by converting the garages. Recent updates include a new roof installed in 2020, along with fresh exterior...Unlock the full potential of this meticulously maintained 3-unit mixed use investment property, perfectly positioned on a highly visible corner lot! The front unit features a vacant commercial space that is ready for retail or office usage. The property also includes two 1-bedroom apartment units, each with its own private garage. These two units are fully occupied and have strong ADU potential by converting the garages. Recent updates include a new roof installed in 2020, along with fresh exterior and interior paint. Located in a desirable neighborhood, this property offers high visibility and foot traffic, making it an ideal choice for retail or office space while providing stable residential income. An exceptional opportunity to invest in a versatile property in a prime location.
  1. Listed by Benjamin Lalezari • DRE #01987941 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
  2. Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.

Property Details for 1391 West Grand Avenue

Zoning
CBD
Parcel Number
060243011
Total Units
3.0
Living Area
1894
Source Living Area
Assessor
Area
Grover Beach (GRVC)
Vacancy Rate
1
Lot Size Area
5875
LISTING UPDATED: 10/10/2024 12:01 AM

Property Details for 1391 West Grand Avenue

StatusActive
MLS #24-447949
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.13 AC / 5,875 SF
CountySan Luis Obispo County

Building Information for 1391 West Grand Avenue

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

Property Information for 1391 West Grand Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $81,480
  • Net Operating Income: $61,884.00
  • Gross Income: $84,000
  • Cap Rate: 6.20%
  • Gross Rent Multiplier: $11.88
  • Total Annual Expense: 19597
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1349
  • Lot Size Square Feet: 5875
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Driveway, Private Garage
  • Total Parking: 6
  • Covered Parking: 2
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 2
  • Parking Features: Garage - Single Door, Driveway, Private
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Gas Or Electric Dryer Hookup
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $2,250.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $613,534.00
  • Assessed Improvement Percent: 75.86
  • Assessed Land Value: $195,214.00
  • Assessed Land Percent: 24.14
  • Assessed Total Value: $808,748.00

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$195,214Additions$613,534Total$808,748
Tax Record2024$9,261 ($772 / 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 - 9 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
Public9 to 12

Lopez Continuation 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 multi-family home for sale in Grover Beach, CA 93433. This property was listed for sale on October 2, 2024 by Realty Investment Advisors, Inc., it's currently listed at $998,000. It has been on the market for a total of 53 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 3-bed, 3-bath, 1,894 sqft multi-family home 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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Investment Advisors, Inc., Benjamin Lalezari, DRE #01987941; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

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.