Welcome to 770 and 772 Beverly! Fully upgraded duplex investment opportunity in Nipomo offering strong income potential and long-term durability. This property consists of two 2-bedroom, 1-bath units with separate entrances, separate driveways, independent laundry facilities and each with their own yard! The lower permitted ADU is currently rented at $2,300/month. The upper unit was previously rented at $2,600, which would give this duplex an 8.0% CAP Rate. Many of the maintenance items have been recently upgraded for peace of mind to the new owners. Both units feature all-new PEX water supply lines and new ABS drain lines, with drainage replaced to the street connection. The lower ADU received a complete electrical replacement including GFCI and AFCI protection. The upper unit includes panel upgrades and added GFCI protection. A Sense energy monitor is installed on the downstairs sub-panel for separate usage tracking. The upper unit recent upgrades include new cabinetry, new windows, new furnace with digital thermostat, new water heater and ceiling fan. Both units have waterproof, rubber backed luxury vinyl plank flooring for durability and sound control. If you are looking to invest on the central coast, this is the home for you.
Nipomo is located in California. Nipomo, California has a population of 18,440. Nipomo is more family-centric than the surrounding county with 32.36% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Nipomo, California is $88,525. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Nipomo is 37.5 years.
The average high temperature in July is 76.7 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 16.9 inches per year, with 0 inches of snow per year.
