25
11
0
0

REMARKS:

Unique investment opportunity! 22 separate units including 7 Commercial and 15 Residential. Zoned for vacation rentals with the potential to split into condos. Located just a few minutes from the beach and public transportation. Anchored by the popular restaurant Ribline BBQ, the units enjoy the foot traffic from the train station next door and visitors to the nearby beaches only minutes away. The commercial units are all street level with 2 of the residential 1 bedroom units located behind Ribine. The remaining 13 units are located above the commercial units, consisting of ten 2 bedroom units, three 1 bedroom, one 3 bedroom and one 4 bedroom unit. Featuring various floor plans, some with office space, one unit has it's own laundry room, plus a shared coin-op laundry and most units have decks with ocean views. Also included with the commercial units are 3 garages and a patio. The patio has recently been added to the Ribline lease. All units are currently leased at $38,129 per month per the rent roll. Great location next to the train station, walking distance to restaurants, and just minutes to the beach! These kind of properties do not come up for sale often, don't let this opportunity pass you by!

OVERVIEW:

Commercial Sale
Active
GRVC - Grover Beach
2004
40075
0.92
Public
Level with Street, Irregular Lot, Near Public Transit

FINANCIAL:

6990000

Broker Reciprocity Courtesy of RE/MAX Del Oro

 

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