Grover Beach, CA 93433,881 Manhattan AVE
Grover Beach, CA 93433,881 Manhattan AVE
Grover Beach, CA 93433,881 Manhattan AVE
30
$1,349,000
$1,349,000
Est.Price: ?

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7,302 Sqft Lot

881 Manhattan AVE Grover Beach, CA 93433

Est. payment /mo
SOLD DATE : 01/16/2024

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Key Details

Sold Price $1,349,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPI23138131

Sold Date 01/16/24

Originating Board California Regional MLS

Year Built 1962

Lot Size 7,302 Sqft

Property Description

881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition. The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces with ample parking for the current tenant profile.

Location

State CA

County San Luis Obispo

Area Grvc - Grover Beach

Interior

Heating Wall Furnace

Cooling None

Laundry Gas Hookup, 30, Other

Exterior

Garage Assigned Spaces, Covered Parking, Detached Garage, Other

Garage Spaces 8.0

Pool None

View Ocean, 30

Roof Type Shingle

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 060281024

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Abel Contreras • Invest SLO
Bought with Lillie Missbrenner

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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