228 W Grand Avenue

    Grover Beach, CA 93433
    • $6,990,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: SP19125431
    $6,990,000
    • 0
      BEDS
    • 0.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,944
      SQFT
    • $280
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:

    School Ratings & Info

    Description

    Unique investment opportunity! 22 separate units including 7 Commercial and 15 Residential. Zoned for vacation rentals with the potential to split into condos. Located just a few minutes from the beach and public transportation. Anchored by the popular restaurant Ribline BBQ, the units enjoy the foot traffic from the train station next door and visitors to the nearby beaches only minutes away. The commercial units are all street level with 2 of the residential 1 bedroom units located behind Ribine. The remaining 13 units are located above the commercial units, consisting of ten 2 bedroom units, three 1 bedroom, one 3 bedroom and one 4 bedroom unit. Featuring various floor plans, some with office space, one unit has it's own laundry room, plus a shared coin-op laundry and most units have decks with ocean views. Also included with the commercial units are 3 garages and a patio. The patio has recently been added to the Ribline lease. All units are currently leased at $38,129 per month per the rent roll. Great location next to the train station, walking distance to restaurants, and just minutes to the beach! These kind of properties do not come up for sale often, don't let this opportunity pass you by!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-23T00:32:36.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.discoverslocountyrealestate.com/homes/95327717

    228 W Grand Avenue Grover Beach, CA 93433

    • Price: $6,990,000
    • Status: Active
    • ID#: SP19125431
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.92
    Acres
    24,944
    SQFT
    $280
    $/SQFT
    2004
    Built
    Neighborhood:
    GRVC - Grover Beach
    County:
    San Luis Obispo
    Area:
    GRVC - Grover Beach
    Property Description
    Unique investment opportunity! 22 separate units including 7 Commercial and 15 Residential. Zoned for vacation rentals with the potential to split into condos. Located just a few minutes from the beach and public transportation. Anchored by the popular restaurant Ribline BBQ, the units enjoy the foot traffic from the train station next door and visitors to the nearby beaches only minutes away. The commercial units are all street level with 2 of the residential 1 bedroom units located behind Ribine. The remaining 13 units are located above the commercial units, consisting of ten 2 bedroom units, three 1 bedroom, one 3 bedroom and one 4 bedroom unit. Featuring various floor plans, some with office space, one unit has it's own laundry room, plus a shared coin-op laundry and most units have decks with ocean views. Also included with the commercial units are 3 garages and a patio. The patio has recently been added to the Ribline lease. All units are currently leased at $38,129 per month per the rent roll. Great location next to the train station, walking distance to restaurants, and just minutes to the beach! These kind of properties do not come up for sale often, don't let this opportunity pass you by!
    Exterior Features

    Lot Features Level With StreetIrregular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Electric Expense 2390.00 Gross Scheduled Income 443029.00 Insurance Expense 12000.00 Land Lease YN No Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 356510.00 Operating Expense 86519.00 Professional Management Expense 22597.00 Property Sub Type Mixed Use Special Listing Conditions Standard Total Expenses 122867.00 Trash Expense 3897.00 Water Sewer Expense 3194.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Hal Sweasey of Re/Max Del Oro


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-23T00:32:36.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    RE/MAX Parkside Real Estate
    711 12th Street
    Paso Robles CA, 93446