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    675 & 663 Longbranch Avenue

    Grover Beach, CA 93433
    • $2,800,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: SC21127225
    $2,800,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    Description

    Looking for an investment or have an 1031 Exchange? This 8 -unit complex has two separate APN#'s. Each building has 4 units.. All are 2 bedroom 1.5+ baths, with individual back yards laundry space inside and a few with private decks. Each 2 bedroom unit comes with a carport and an additional parking space. Well managed and meticulously maintained, many of which have been updated over the past few years. Some long term tenants. Both 663 and 675 are being sold together. Great location and now far from shopping and the beach is close by. Call agent for more details and updated financials.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T23:29:32.043. 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 Swack Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
    www.swackrealestategroup.com/homes/118191204
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    675 & 663 Longbranch Avenue Grover Beach, CA 93433

    • Price: $2,800,000
    • Status: Active
    • ID#: SC21127225
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1975
    Built
    Neighborhood:
    Grover Beach (330)
    County:
    San Luis Obispo
    Area:
    GRVC - Grover Beach
    Property Description
    Looking for an investment or have an 1031 Exchange? This 8 -unit complex has two separate APN#'s. Each building has 4 units.. All are 2 bedroom 1.5+ baths, with individual back yards laundry space inside and a few with private decks. Each 2 bedroom unit comes with a carport and an additional parking space. Well managed and meticulously maintained, many of which have been updated over the past few years. Some long term tenants. Both 663 and 675 are being sold together. Great location and now far from shopping and the beach is close by. Call agent for more details and updated financials.
    Exterior Features

    Carport Spaces 8 Carport YN Yes Foundation Details Slab Lot Features 6-10 Units/AcreLandscapedStreet Level Number Of Separate Electric Meters 8 Parking Features CarportDrivewayOne Space Parking Total 18 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Maintained Roof Common Roof Spa Features None Spa YN No

    Interior Features

    Appliances Electric CooktopElectric OvenWater Heater Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Up

    Property Features

    Additional Parcels YN Yes Common Interest None Community Features Gutter(S)Sidewalks Contingency Two Partners- Each Have First Right Of Refusal- Current Financing None Electric Expense 200 Fuel Expense 0 Garage YN No Gross Income 152400 Gross Scheduled Income 152400 Insurance Expense 3855 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 106660 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 2 Number Of Units Leased 5 Operating Expense 45340 Other Expense 830 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricity Total Actual Rent 158940 Trash Expense 2363 Water Sewer Expense 7050 Water Source Public Zoning R3

    Listing provided courtesy of Cheryl Priolo of Richardson Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T23:29:32.043. 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 Swack Real Estate Group | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
     
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    Shell Beach CA, 93449