NOT LISTED FOR SALE

1391 W Grand Ave Grover Beach, CA 93433

Estimated Value: $980,172

2 Beds
2 Baths
1,894 Sq Ft
$518/Sq Ft Est. Value

Last Sold December 24, 2024

Last sale price $970,000 $512 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,010/month

34 Days on Market

Highlights

  • 1-Story Property
  • Central Air
  • 2 Car Garage
  • Arroyo Grande High School Rated A-

About This Home

As of December 2024

Unlock the full potential of this meticulously maintained 3-unit mixed use investment property, perfectly positioned on a highly visible corner lot! The front unit features a vacant commercial space that is ready for retail or office usage. The property also includes two 1-bedroom apartment units, each with its own private garage. These two units are fully occupied and have strong ADU potential by converting the garages. Recent updates include a new roof installed in 2020, along with fresh exterior and interior paint. Located in a desirable neighborhood, this property offers high visibility and foot traffic, making it an ideal choice for retail or office space while providing stable residential income. An exceptional opportunity to invest in a versatile property in a prime location.

Last Agent to Sell the Property

Ben Lalezari

Realty Investment Advisors, Inc. License #01987941 Listed on: 10/02/2024

Co-Listed By

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Last Buyer's Agent

Patrick Bashforth

eXp Realty of California, Inc. License #02106565

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,875 Sq Ft Lot

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Driveway

Interior Spaces

  • 1,894 Sq Ft Home
  • 1-Story Property
  • Gas And Electric Dryer Hookup

Utilities

  • Central Air
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 060-243-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

5,875 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1894
  • Lot Acreage: 0.1349
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 526.93

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Covered Parking: 2
  • Parking Garage: Garage - 1 Car, Driveway, Private Garage
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 75.86
  • Assessed Improvement Value: 613534
  • Assessed Land Percent: 24.14
  • Assessed Land Value: 195214
  • Total Assessed Value: 808748
  • Assessor Parcel Number: 060-243-011
  • Lot Size Area: 5875

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.88
  • Number Of Units: 3
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2024
Closed on
Nov 14, 2024
Sold by
2019 Cal J Meland and 2019 Perri S
Bought by
Papagni Deena E
Seller's Agent
Ben Lalezari
Realty Investment Advisors, Inc.
Buyer's Agent
Patrick Bashforth
eXp Realty of California, Inc.
List Price
$998,000
Sold Price
$970,000
Premium/Discount to List
-$28,000
-2.81%
Views
54
Current Estimated Value
$980,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,172
Avg. Annual Appreciation
0.83%
Original Mortgage
$670,000
Outstanding Balance
$661,066
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$319,106

Purchase Details

Closed on
Nov 12, 2019
Sold by
Meland Cal J and Meland Perri S
Bought by
Meland Cal J and Meland Perri S

Purchase Details

Closed on
Mar 27, 2018
Sold by
Cotner Gina M
Bought by
Meland Cal J and Meland Perri S

Purchase Details

Closed on
Jul 27, 2015
Sold by
Cotner Gina M and The Robert E Cotner Revocable
Bought by
Cotner Gina M

Purchase Details

Closed on
Dec 16, 2005
Sold by
Cotner Robert E
Bought by
Cotner Robert E and The Robert E Cotner Revocable

Purchase Details

Closed on
Oct 14, 1999
Sold by
Stanley Wayne and Stanley Janet
Bought by
Cotner Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
7.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 1996
Sold by
Gillespie Vernon and Gillespie Ardith
Bought by
Stanley Wayne and Stanley Janet
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Papagni Deena E $970,000 Ticor Title
Meland Cal J -- None Available
Meland Cal J $725,000 Fidelity National Title Co
Cotner Gina M -- None Available
Cotner Robert E -- None Available
Cotner Robert E $185,000 Chicago Title Co
Stanley Wayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papagni Deena E $670,000
Previous Owner Cotner Robert E $138,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2024 12/24/24 Sold $970,000 -2.8% $512 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $998,000 -- $527 / Sq Ft
Source: The MLS

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 $9,261 $970,000 $350,000 $620,000
2024 $9,189 $808,748 $195,214 $613,534
2023 $9,189 $792,891 $191,387 $601,504
2022 $9,046 $777,345 $187,635 $589,710
2021 $8,940 $762,104 $183,956 $578,148
2020 $8,838 $754,290 $182,070 $572,220
2019 $8,767 $739,500 $178,500 $561,000
2018 $3,023 $253,127 $141,826 $111,301
2017 $2,888 $248,165 $139,046 $109,119
2016 $2,692 $243,300 $136,320 $106,980
2015 $2,631 $239,647 $134,273 $105,374
2014 $2,478 $234,953 $131,643 $103,310
Source: Public Records

Agents Affiliated with this Home

  • Ben Lalezari

    Seller's Agent in 2024

    Ben Lalezari

    Realty Investment Advisors, Inc.

    (818) 448-2262

    1 in this area

    5 Total Sales

    Ben Lalezari
    Section Image
  • Benjamin Hsiang

    Seller Co-Listing Agent in 2024

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 338-9523

    1 in this area

    74 Total Sales

    Benjamin Hsiang
    Section Image
  • Patrick Bashforth

    Buyer's Agent in 2024

    Patrick Bashforth

    eXp Realty of California, Inc.

    (805) 567-6906

    6 in this area

    77 Total Sales

    Patrick Bashforth
    Section Image
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Map

Source: The MLS

MLS Number: 24-447949

The MLS

APN: 060-243-011

California San Luis Obispo County Grover Beach 93433

1391 W Grand Ave, Grover Beach, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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