NOT LISTED FOR SALE

1265 Nice Ave Grover Beach, CA 93433

16 Beds
8 Baths
6,000 Sq Ft
0.3 Acres

Last Sold October 15, 2021

Last sale price $1,700,000 $283 Per Sq Ft

3 Days on Market

Highlights

  • 0.3 Acre Lot
  • Fireplace in Primary Bedroom
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • No HOA
  • Attached Carport

About This Home

As of October 2021

Extremely rare 8 -plex apartment building close to the beach and services. Units stay rented and are in high demand. All units are 2 bedroom 1 bath units. Rents can be raised as current owner has just kept renters in place. Opportunity to fix up and raise rents and have significant instant equity. This property wont last long. Nothing like it on the market.. Hurry and bring offers.

Last Agent to Sell the Property

Jason Blankenship

Rice Ranch Realty License #01960677 Listed on: 08/11/2021

Last Buyer's Agent

Jason Blankenship

Rice Ranch Realty License #01960677 Listed on: 08/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,738

Year Built

  • Built in 1978

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage
  • Attached Carport
  • Parking Available

Home Design

  • Apartment
  • Asphalt Roof

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Laundry Room

Kitchen

  • Built-In Range
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Fireplace in Primary Bedroom
  • 8 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, security
  • Assessor Parcel Number 060345021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • Electric Expense $1,128
  • Insurance Expense $4,600
  • Professional Management Expense $7,496
  • Trash Expense $2,820
  • Water Sewer Expense $7,316
  • Operating Expense $44,000
  • Gross Income $1,100
  • Net Operating Income $72,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,738

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 8054310906
  • Other Phone Number: 8054310906
  • Price Per Unit: 200000
  • Professional Management Expense: 7495.70
  • Property Attached: Yes
  • Subdivision Name Other: West of 101(1000)
  • Water Sewer Expenses: 7315.70
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 060345021
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Family Room, Living Room, Master Bedroom, Electric
  • Levels: Two
  • Price Per Square Foot: 283.33

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Not Available
  • Laundry: Yes
  • Appliances: Built-In Range, Electric Range, Disposal
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2819.50
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 13250.00
  • Lot Size Acres: 0.3042
  • Latitude Manual: 35.11429900

Rental Info

  • Tenant Pays: Electricity, Security

Multi Family

  • Electric Expense: 1127.90
  • Gross Income: 1100.00
  • Gross Scheduled Income: 116700.00
  • Insurance Expense: 4600.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1100.00
  • Lot Size Area: 13250.0000 Square Feet
  • Net Operating Income: 72700.00
  • Number Of Separate Electric Meters: 8
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 44000.00
  • Rent Control: No
  • Total Expenses: 44000.00

Tax Info

  • Taxes Percent: 1.10
  • Tax Annual Amount: 5738.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $1,700,000 +6.3% $283 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $1,600,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jason Blankenship

    Rice Ranch Realty

    (805) 431-0906

    1 in this area

    11 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21177740

California Regional Multiple Listing Service (CRMLS)

California San Luis Obispo County Grover Beach 93433

1265 Nice Ave, Grover Beach, CA

This home is located at 1265 Nice Ave, Grover Beach, CA 93433 since 11 August 2021. This property was built in 1978. 1265 Nice Ave is a home located in San Luis Obispo County with nearby schools including Grover Beach Elementary School, Judkins Middle School, and Arroyo Grande High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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