$850,000
$950,000
10.5%For more information regarding the value of a property, please contact us for a free consultation.
9,491 Sqft Lot
SOLD DATE : 10/18/2024
Key Details
Sold Price $850,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision North Grover Beach(350)
MLS Listing ID PI24140405
Sold Date 10/18/24
HOA Y/N No
Year Built 1946
Lot Size 9,491 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.
Location
State CA
County San Luis Obispo
Area Grvc - Grover Beach
Zoning R3
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Fence Average Condition
Pool None
Community Features Suburban
Total Parking Spaces 1
Private Pool No
Building
Lot Description Corner Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 060176055
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Nicole Lu • Maher Commercial Realty