775 W Grand Avenue, Grover Beach, CA 93433

$1,150,000
Sold Price
$1,150,000
List Price
$1,200,000
Closing Date
Apr 29, 2022
Status
CLOSED
MLS#
PI22000494
Year Built
1957
Lot Size
14,810
Acres
0.34
Lot Location
Landscaped, Level, NearPark, Paved, Rectangular Lot, Zero Lot Line, Flat
Days on Market
62
Property Type
Commercial
Property Sub Type
Retail

Property Description

Great opportunity to own a 9 unit strip center in Grover Beach just a few blocks to the ocean! This fully occupied property has primarily long term tenants that generates over $6600 month in rental revenue. The building maintenance has been really good, recently painted, newer roof, trees removed, doors adjusted, etc. If you are looking for a turn key property that doesn't require a lot of your time or maintenance, this is the building for you. Located a block away from City Hall, the Police Station and Fire Station you can't get a better location to own a building. Recently a long term tenant retired and we were able to rent that unit within a couple of weeks, the desirability of the building and location is key. The historical vacancy factor on this building has been almost zero. Call your Realtor today for more information.

Additional Information

Taxes
$7,119
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Wood Siding
Roof
Membrane
Water
Public
Attached Structure
Detached
Number Of Units Total
9
Gross Scheduled Income
$78,324
Operating Expense
31553

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kevin Jones from Realty Professionals

Selling Office: Century 21 Hometown Realty, Arroyo Grande Office.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.