NOT LISTED FOR SALE

1051 Trouville Ave Grover Beach, CA 93433

Estimated Value: $1,110,369 - $1,199,000

2 Beds
2 Baths
3,060 Sq Ft
$379/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $1,150,000 $376 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,573/month

3 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot
  • Arroyo Grande High School Rated A-
  • Central Heating

About This Home

As of May 2024

Outstanding Central Coast investment opportunity in Grover Beach! Well maintained triplex with strong rental history. Three units total. Each unit includes 2 bedrooms, 1 full bathroom and 1 half bathroom. All of the units are light and bright and have their own sliding door to access the individual private exterior patios. Each unit has its own kitchen/dining area, living room, half bath and interior laundry located downstairs. Two bedrooms and full bath upstairs as well as lots of storage and individual central heating. The attached car port includes one parking space and one storage locker per unit. There is also an additional uncovered parking space for each unit in the front parking area. Very stable tenants with below market rents presents consistent cash flow with this low maintenance investment property having nice potential upside. The building is set back from the street and is located in a quiet neighborhood of Grover Beach which enjoys close access to the nearby beaches, shopping, schools and medical facilities. At only $392k per unit, this property is an ideal investment opportunity or 1031 acquisition candidate. Please do not disturb tenants.

Last Agent to Sell the Property

Bryan Friedman

Berkshire Hathaway Home Servic Brokerage Phone: 805-704-7080 License #00883991 Listed on: 04/23/2024

Berkshire Hathaway Home Servic

Last Buyer's Agent

Pamela Storton

Storton Properties License #00990447

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,115

Year Built

  • Built in 1978

Lot Details

  • 7,500 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • Triplex

Interior Spaces

  • 3,060 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 6 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Additional Features

  • Rain Gutters
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 060288028
  • Tax Block 142

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Grover Beach Subdivision

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $1,140
  • Insurance Expense $996
  • Trash Expense $1,844
  • Water Sewer Expense $3,051
  • Operating Expense $19,157
  • Gross Income $66,174
  • Net Operating Income $47,017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,115

Year Built

Built in 1978

Lot Details

0

Listing Details

  • CapRate: 4.00
  • Other Phone Description: 650-704-8778
  • Other Phone Number: 650-704-8778
  • Price Per Unit: 391667
  • Property Attached: Yes
  • Subdivision Name Other: Grover Beach (330)
  • Water Sewer Expenses: 3051.00
  • Zoning: 20
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 060288028
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Lower Level
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 375.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1844.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1020 Square Feet
  • Gross Income: 66174.00
  • Gross Operating Income: 66174.00
  • Gross Scheduled Income: 66174.00
  • Insurance Expense: 996.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 47017.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 19157.00
  • Rent Control: Yes
  • Total Actual Rent: 66174.00
  • Total Expenses: 19157.00

Tax Info

  • Tax Block: 142
  • Tax Census Tract: 120.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2024
Closed on
Apr 29, 2024
Sold by
Kauffman Family Trust and Soares Susan Gail
Bought by
Arduain Bernard and Arduain Erin
Seller's Agent
Bryan Friedman
Berkshire Hathaway Home Servic
Buyer's Agent
Pamela Storton
Storton Properties
List Price
$1,175,000
Sold Price
$1,150,000
Premium/Discount to List
-$25,000
-2.13%
Views
20
Current Estimated Value
$1,158,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,592
Avg. Annual Appreciation
0.04%

Purchase Details

Closed on
Feb 8, 1995
Sold by
Kauffman Robert J and Kauffman Joann C
Bought by
Kauffman Robert J and Kauffman Joann C
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arduain Bernard $1,150,000 Fidelity National Title
Kauffman Robert J -- --
Kauffman Robert J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $1,150,000 -2.1% $376 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $1,175,000 -- $384 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,115 $1,173,000 $459,000 $714,000
2024 $3,090 $271,985 $73,212 $198,773
2023 $3,090 $266,653 $71,777 $194,876
2022 $3,042 $261,425 $70,370 $191,055
2021 $3,006 $256,300 $68,991 $187,309
2020 $2,972 $253,673 $68,284 $185,389
2019 $2,948 $248,700 $66,946 $181,754
2018 $2,911 $243,825 $65,634 $178,191
2017 $2,782 $239,046 $64,348 $174,698
2016 $2,593 $234,360 $63,087 $171,273
2015 $2,534 $230,841 $62,140 $168,701
2014 $2,387 $226,320 $60,923 $165,397
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24080768

California Regional Multiple Listing Service (CRMLS)

APN: 060-288-028