839 Longbranch Ave - Apartments FOR SALE


Grover Beach, CA 93433
$2,650,000 USD
805-801-0176
839 Longbranch Ave, Grover Beach, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/6
null | 5.01% Cap Rate

839 Longbranch Ave
Grover Beach, CA 93433


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

7

PRICE/UNIT

$378,571

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,914 SF

ZONING

-

APN/PARCEL ID

060-229-016

ASK ABOUT THIS PROPERTY

Kevin KingSVN / King PropertiesMore Info
805-801-0176

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Kevin KingSVN / King PropertiesMore Info
805-801-0176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.