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Residential Income - 839 Longbranch, Grover Beach, CA

$2,650,000

839 Longbranch, Grover Beach, CA

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Description

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.

Property details

Year built
1978
Property type
Residential Income
Lot size
11,662 sqft

Location

839 Longbranch • Grover Beach, CA 93433

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Listed by

Kevin King · King Properties

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