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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI24140405
Sold Date 10/18/24
Bedrooms 3
HOA Y/N No
Lot Size 9,492 Sqft
Property Description
Exciting Investment Opportunity in Grover Beach! Property Overview: Location: Prime corner lot in Grover Beach, CA Current Use: 2 rented homes providing immediate rental income. Tenants would like to remain in place. Zoning: R3 Development Potential: How many Units? The Grover Beach Planning Department has indicated that you can build 8 units on this lot with the possibility of adding more units with the use of fractional units calculation. Call Grover Beach Planning for more information. Why Invest Here? Income Generation: Start earning rental income immediately to offset your investment with the two existing homes. Plan for Future Growth: Tap into the development potential of this R3-zoned corner lot. Strategic Location: Grover Beach offers a vibrant community with easy access to beaches, shopping, and dining and much more! Don't Miss Out! This is a rare opportunity to secure a property with significant development potential in the heart of Grover Beach. Whether you're an investor looking to expand your portfolio or a developer with a vision, this property offers unmatched possibilities.
Exciting Investment Opportunity in Grover Beach! Property Overview: Location: Prime corner lot in Grover Beach, CA Current Use: 2 rented homes providing immediate rental income. Tenants would like to remain in place. Zoning: R3 Development Potential: How many Units? The Grover Beach Planning Department has indicated that you can build 8 units on this lot with the possibility of adding more units with the use of fractional units calculation. Call Grover Beach Planning for more information. Why Invest Here? Income Generation: Start earning rental income immediately to offset your investment with the two existing homes. Plan for Future Growth: Tap into the development potential of this R3-zoned corner lot. Strategic Location: Grover Beach offers a vibrant community with easy access to beaches, shopping, and dining and much more! Don't Miss Out! This is a rare opportunity to secure a property with significant development potential in the heart of Grover Beach. Whether you're an investor looking to expand your portfolio or a developer with a vision, this property offers unmatched possibilities.
Location
State CA
County San Luis Obispo
Area Grover Beach (93433)
Zoning Assessor
Building
Lot Description Corner Lot
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash
Space Rent $1,700
Listing Terms Cash
Financing Cash
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Bought with NON LISTED AGENT • San Diego
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