Discover this enticing multi-family residence offering a unique blend of simplicity and investment potential. Positioned just moments from Mentone Basin Park, renowned eateries, and the serene beach, this +/-6,000 SF property encapsulates the essence of coastal living and lucrative investment. Comprising (8) 2-bed, 1-bath units, this is an ideal portfolio addition for those looking to capitalize on below-market rents. Units boast modern, fully-equipped kitchens, laminate flooring and spacious living areas, enhancing tenant comfort and satisfaction. Experience ease of management with minimalistic designs in a prime location that promises continuous tenant appeal. Explore the possibilities of enhancing your investment in a thriving community renowned for its quality of life and growing demand. Contact Listing Agents to show.
Great opportunity to own a three unit investment property with income producing and future development potential within the central business district (CBD) zoning. This property is in an A+ location on a corner lot and frontage on Grand Avenue with high traffic count. There are endless options with this versatile property. The front unit with Grand Avenue frontage is currently set up for a retail space or office, it's been fully renovated with new tile flooring, paint, dual pane windows, mini-split A/C. The back building is a duplex with two 1 bedroom, 1 bathroom units which have been newly renovated and are turn key. The middle unit is a 1 bedroom unit with a modest renovation and has direct access to the garage and spacious back yard. The back 1 bedroom unit has granite countertops, vinyl plank flooring, a gas fireplace and comes fully furnished. This unit was previously being used as an AirBnB a few years ago but does not currently have a short term permit. Back 1 bed/1bath unit is currently rented for $2,250/month and other 1 bed/1 bath is rented for $2,150/month. Both back units come with attached garage spaces. New roofs were installed in September 2020. New exterior and interior paint. Outstanding property for any investor looking to build their portfolio or for someone who wants to run and operate a business downtown Grover Beach. Ask city about potential to convert garage to an additional ADU unit and potential to convert part of front building into a residential unit to make 5 units and increase cash flow and equity.
Grover Beach is located in California. Grover Beach, California has a population of 13,524. Grover Beach is less family-centric than the surrounding county with 24.05% of the households containing married families with children. The county average for households married with children is 28.68%.
The median household income in Grover Beach, California is $61,482. The median household income for the surrounding county is $67,175 compared to the national median of $57,652. The median age of people living in Grover Beach is 35.5 years.
The average high temperature in July is 65.8 degrees, with an average low temperature in January of 44.5 degrees. The average rainfall is approximately 19.4 inches per year, with 0 inches of snow per year.
