Grover Beach, CA 93433,881 Manhattan AVE
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Grover Beach, CA 93433,881 Manhattan AVE
Grover Beach, CA 93433,881 Manhattan AVE
Grover Beach, CA 93433,881 Manhattan AVE
Grover Beach, CA 93433,881 Manhattan AVE

$1,349,000

Est. payment /mo

$1,349,000

Est.Price: ?

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881 Manhattan AVE Grover Beach, CA 93433

3,468 SqFt

SOLD DATE : 01/16/2024

Key Details

Sold Price $1,349,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,468 sqft

Price per Sqft $388

Subdivision Grover Beach (330)

MLS Listing ID PI23138131

Sold Date 01/16/24

HOA Y/N No

Year Built 1962

Lot Size 7,300 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

Zoning R3

Rooms

Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside

Interior

Interior Features Balcony

Laundry Location Washer Hookup,Gas Dryer Hookup,Inside

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Assigned, Concrete, Covered, Detached Carport, Driveway, Paved

Carport Spaces 4

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Ocean, Peek-A-Boo

Roof Type Shingle

Parking Type Assigned, Concrete, Covered, Detached Carport, Driveway, Paved

Total Parking Spaces 8

Private Pool No

Building

Lot Description 16-20 Units/Acre, Landscaped, Level, Rectangular Lot, Value In Land

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 060281024

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry

Financing Trade

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Abel Contreras • Invest SLO
Bought with Lillie Missbrenner • Alain Pinel.02-szc Agents

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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