• 3,468 sq.ft.
  • 7,302 sq.ft. lot
offered at $1,349,000
Status: Active Under Contract // Property Type:
Project/Tract: Grover Beach (330) // County: San Luis Obispo // Year Built: 1962

Property Description

881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition. The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces with ample parking for the current tenant profile.

Listing Courtesy of Abel Contreras, Invest SLO

Interior Features

Interior Features: Balcony // Heating: Wall Furnace

Exterior Features

Exterior Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban // Roof: Shingle
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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