Skip To Content

775 W Grand Avenue

Grover Beach, CA 93433
  • $1,200,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: PI22000494
Price Reduced
UPDATED: 50 min ago
$1,200,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Kevin Jones of Realty Professionals (805-473-0300)


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-21T17:30:37.883. 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 or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/124390544
Print Image

775 W Grand Avenue Grover Beach, CA 93433

  • Price: $1,200,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 50 min ago
  • ID#: PI22000494
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1957
Built
Neighborhood:
GRVC - Grover Beach
County:
San Luis Obispo
Area:
GRVC - Grover Beach
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.
Exterior Features

Construction Materials Wood Siding Entry Level 1 Fencing None Lot Features LandscapedLevelNear ParkPavedRectangular LotZero Lot LineFlat Open Parking Spaces 19 Parking Total 19 Roof Membrane Sign On Property YN Yes Topography Level

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Anchors Co Tenants 1 Building Name Central Station Business Type FitnessProfessional/OfficeProfessional ServiceReal EstateRetail Cap Rate 3 Common Interest None Community Features Park Current Financing ConventionalNone Electric Standard Electric Expense 7225 Gross Scheduled Income 78324 Insurance Expense 7547 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventional1031 Exchange Maintenance Expense 1980 Net Operating Income 41043 Number Of Units Leased 9 Operating Expense 31553 Other Expense 60 Property Sub Type Retail Special Listing Conditions StandardTrust Tax Annual Amount 7119 Trash Expense 2032 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 4146 Water Source Public Zoning C1



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-21T17:30:37.883. 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 or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367817601-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367817601-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367817601-1.jpg
Logo
Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): Kevin Jones of Realty Professionals (805-473-0300)