$1,349,000

3,468

square ft

881 Manhattan Avenue

Grover Beach, California 93433

Closed / MLS #PI23138131 / Multiple Unit (2-4) / Grover Beach

Listing information updated 1/17/2024 at 3:22pm

881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property isuniquely positioned well below the sold and active comparable sales, while generating over $9,100/monthin 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 propertyis zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaceswith ample parking for the current tenant profile.

Full Features

Cooling System:

None

Heating System:

Wall Furnace

Pool:

Age:

62 Years

Roof Type:

Shingle

Parking Type:

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

Parking Spaces:

Square Feet:

3,468

Lot Size:

7302 SquareFeet

Acreage:

0.1676

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

93433

City:

Grover Beach

County:

San Luis Obispo

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Full Features Taxes & Assessments Location Schools

Cooling System:

None

Heating System:

Wall Furnace

Pool:

Age:

62 Years

Roof Type:

Shingle

Parking Type:

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

Parking Spaces:

Square Feet:

3,468

Lot Size:

7302 SquareFeet

Acreage:

0.1676

Listing Office: Invest SLO

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.