AARE
Listed by SVN | King Properties, AARE
$2,800,000
839 Longbranch
Details
APN 060229016
Property Type Multifamily
Sub Type Apartment Building
Units 7
Buildings 2
Acreage 0.268
Zoning Public Rec
Multifamily | 7 Units
Marketing description
Well-maintained 7-unit apartment building in an excellent Grover Beach location. Conveniently located near the popular Grand Avenue corridor with shopping, restaurants, and ongoing new development, the property also offers easy access to the beach, community parks, the Amtrak station, public transportation, Highway 1, and Highway 101. Five of the seven units have been updated with updated flooring, countertops, fixtures, and appliances. A recently installed MeterNet water sub-metering system allows the owner to recover water costs from tenants, helping improve operating efficiency. Additional amenities include seven private garages, off-street parking, and a community coin-operated laundry facility. With recent capital improvements, utility cost recovery through water sub-metering, and future rental upside, this property presents an excellent investment opportunity.
Listing Contacts
AARE
Listed by SVN | King Properties, AARE
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