881 Manhattan Avenue, Grover Beach, CA 93433
Fourplex
Sold January 2024
Listing Agent: Abel Contreras (DRE #02062620) · Listing Office: Invest SLO · Contact: 805-295-2719 · Bought with: Lillie Missbrenner · Alain Pinel.02-szc Agents · MLS #PI23138131 · Source: CRMLS
About this fourplex
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.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history