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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Grover Beach (330)
MLS Listing ID PI24080768
Sold Date 05/15/24
HOA Y/N No
Year Built 1978
Lot Size 7,501 Sqft
Property Description
Outstanding Central Coast investment opportunity in Grover Beach! Well maintained triplex with strong rental history. Three units total. Each unit includes 2 bedrooms, 1 full bathroom and 1 half bathroom. All of the units are light and bright and have their own sliding door to access the individual private exterior patios. Each unit has its own kitchen/dining area, living room, half bath and interior laundry located downstairs. Two bedrooms and full bath upstairs as well as lots of storage and individual central heating. The attached car port includes one parking space and one storage locker per unit. There is also an additional uncovered parking space for each unit in the front parking area. Very stable tenants with below market rents presents consistent cash flow with this low maintenance investment property having nice potential upside. The building is set back from the street and is located in a quiet neighborhood of Grover Beach which enjoys close access to the nearby beaches, shopping, schools and medical facilities. At only $392k per unit, this property is an ideal investment opportunity or 1031 acquisition candidate. Please do not disturb tenants.
Location
State CA
County San Luis Obispo
Area Grvc - Grover Beach
Zoning 20
Interior
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Carport
Carport Spaces 3
Pool None
Community Features Curbs, Gutter(s)
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 060288028
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Pamela Storton • Storton Properties
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130