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Listing Details

857 Manhattan Avenue
Grover Beach, California CA 93433-2438
$1,199,000 Price
3,468 SqFt
0.158 Acres
PI22209883 Listing ID
Rare Value-Add Central Coast 4-Unit Apartment offered @ $300,000/door. The property offers FOUR Large ( 2 bed 1 bath units, each @ 867 sq ft/unit ) Market Rents are $2,100 -$2,400/unit in this neighborhood. Gross Stabilized rents can be raised to $8,800/month. Current Rents are between $1,275-$1,500/month. Laundry income $85/month. 6 Blocks to the pacific Ocean, located in the Lucia Mar Unified School District.
Schedule Showing
Status Active Under Contract
County San Luis Obispo
Year Built 1963
Property Type Residential Income
Residential Income
Property Sub Type Quadruplex

Primary Features

County: San Luis Obispo
Price/SqFt: 345.73
Property Sub Type: Quadruplex
Property Type: Residential Income
Subdivision: Grover Beach (330)
Year Built: 1963
Zoning: R3

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area: 867
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Cooling: no
Cooling Type: None
Fireplace: no
Fireplace Features: None
Flooring: Vinyl
Heating: yes
Heating Type: Floor Furnace
Laundry: yes
Laundry Features: Common Area
Levels: Two
Stories Total: 2

External

Carport Spaces: 4
Construction Materials: Block, Concrete, Stucco
Entry Level: 1
Exterior Features: Awning(s)
Fence: yes
Fencing: Average Condition
Lot Features: 26-30 Units/Acre, Front Yard, Landscaped, Rectangular Lot, Level, Park Nearby
Lot Size Area: 6875
Lot Size Source: Assessor
Lot Size Square Feet: 6875
Number Of Buildings: 1
Parking Features: Assigned, Detached Carport, Covered, Driveway, Paved, Off Site, Off Street, On Site, Oversized, Parking Space, Street
Parking Total: 4
Pool Features: None
Private Pool: no
Property Attached: yes
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
View: yes
View Type: Peek-A-Boo
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: GRVC - Grover Beach
Subdivision Name Other: Grover Beach (330)

Additional

Additional Parcels: no
Assessments: None
Association: no
Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Days On Market: 102
List Agent State License: 02062620
List Office State License: 02005015
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Number Of Units Leased: 4
Number Of Units Total: 4
Parcel Number: 060281023
Property Condition: Repairs Cosmetic
Senior Community: no
Utilities: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
Year Built Source: Assessor

Financial

Electric Expense: 400
Gardener Expense: 600
Gross Scheduled Income: 65820
Insurance Expense: 1200
Land Lease: no
Laundry Equipment Own Lease: Lease
Laundry Income: 85
Net Operating Income: 39206
Operating Expense: 26613
Operating Expense Percent: 40
Other Income Description: Carports can rent @ $50/each
Price Per Unit: 299750
Rent Control: no
Special Listing Conditions: Standard, Trust
Tax Block: 122
Tax Census Tract: 121.02
Tax Lot: 9
Tenant Pays: Cable TV, Electricity, Gas, See Remarks
Total Expenses: 26613
Trash Expense: 1200
Vacancy Allowance Rate: 2
Water Sewer Expense: 4752

Zoning Info


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Based on information from CARETS as of Friday, January 27th, 2023 05:38:54 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listed by: Abel Contreras, DRE #02062620 from Keller Williams Realty Central Coast 805-773-7777

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