

Listed by Invest SLO
$899,000
1134 Atlantic City Avenue
Details
APN 060111018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 965
Net Rentable (SqFt) 965
Units 1
Price per SqFt $932
Broker Co-Op Yes
Class B
Year Built 1949
Buildings 1
Stories 1
Acreage 0.344
Zoning Public Rec
Ground Lease No
Ownership Private
Grover Beach subdivision play
Marketing description
Assumable 3.5% Loan! This oversized Grover Beach R1-zoned lot offers rare subdivision (3 lots) and single-family-plus-ADU development potential in one of the citys most desirable neighborhoods. The property sits on an expansive approximately 15,000 sq ft lotabout three times the size of a standard area parceland includes an existing smaller single-family residence, providing a quick path to value while you plan your long-term project. **Development Potential R1 zoning with an approximately 15,000 sq ft lot allows for subdivision into THREE parcels consistent with the Citys minimum lot size standards (Buyer to verify with City of Grover Beach). The City of Grover Beach has indicated that the lot is eligible for subdivision under current code, with additional opportunities potentially available through Urban Lot Split provisions (Buyer to verify with City of Grover Beach). Each resulting lot may be eligible for a primary residence plus Accessory Dwelling Units (ADUs), Junior ADUs, or Urban Dwelling Units under current regulations, creating a path for up to 12 units across the finished subdivision (3 three lots with 4 total units per lot) (Buyer to verify with City of Grover Beach). **Location Highlights Located in North Grover, widely considered the most desirable part of Grover Beach, the property is close to beaches, dining, and major commuter routes. The surrounding area features an established neighborhood feel with strong end-user and renter demand, supporting both resale and long-term hold strategies. **Ideal Buyer Profiles **Developers seeking a small-lot subdivision p
Investment highlights
15,000 sq ft—about three times a standard area lot
Path to subdivide 3 lots
Path to up to 12 total units
Listing Contacts


Listed by Invest SLO
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