NOT LISTED FOR SALE

450 Manhattan Ave Grover Beach, CA 93433

13 Beds
8 Baths
6,500 Sq Ft
0.26 Acres

Last Sold May 05, 2023

Last sale price $2,000,000 $308 Per Sq Ft

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Arroyo Grande High School Rated A-
  • Tile Flooring

About This Home

As of May 2023

Location, Location, Location! Only 4 blocks to the Beach, this 7 unit apartment building is the investment that will check all of the boxes. All new windows and newer flooring throughout, beautiful landscaping and each unit has its own single car garage with additional off street parking! Property shows pride of ownership to the level you don’t usually see anymore. Owner prefers to carry with $800k-$1M down payment.

Last Agent to Sell the Property

Bailey Puder

Keller Williams Realty Central Coast License #02017503 Listed on: 03/06/2023

Keller Williams Realty Central Coast

Co-Listed By

Nancy Puder

Keller Williams Realty Central Coast License #00677873

Last Buyer's Agent

Anthony Aurignac

Venture Real Estate License #01946262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 7 Open Parking Spaces
  • 7 Car Garage

Home Design

  • 6,500 Sq Ft Home
  • Apartment
  • Composition Roof

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 129
  • Assessor Parcel Number 060266013

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,340
  • Other Expense $1,000
  • Trash Expense $5,316
  • Water Sewer Expense $5,316
  • Operating Expense $31,087
  • Gross Income $143,700
  • Net Operating Income $112,613

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Grover Beach (330)
  • Water Sewer Expenses: 5316.00
  • Zoning: CR2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 060266013
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Price Per Square Foot: 307.69

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5316.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 11250.00
  • Lot Size Acres: 0.2583

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 143700.00
  • Gross Scheduled Income: 143700.00
  • Insurance Expense: 5340.00
  • Lot Size Area: 11250.0000 Square Feet
  • Net Operating Income: 112613.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 7
  • Operating Expense: 31087.00
  • Other Expense: 1000.00
  • Rent Control: No
  • Total Expenses: 31087.00

Tax Info

  • Tax Block: 129
  • Tax Census Tract: 121.02
  • Tax Lot: 4

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2023 05/05/23 Sold $2,000,000 -14.9% $308 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $2,350,000 +123.8% $362 / Sq Ft
03/11/2014 03/11/14 Sold $1,050,000 -4.5% $210 / Sq Ft View Prior Sale
11/21/2013 11/21/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $1,099,000 -- $220 / 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 $23,361 $2,080,800 $655,452 $1,425,348
2024 $14,337 $2,040,000 $642,600 $1,397,400
2023 $14,337 $1,237,165 $324,018 $913,147
2022 $14,115 $1,212,908 $317,665 $895,243
2021 $13,949 $1,189,127 $311,437 $877,690
2020 $13,791 $1,176,935 $308,244 $868,691
2019 $13,679 $1,153,858 $302,200 $851,658
2018 $13,508 $1,131,234 $296,275 $834,959
2017 $12,908 $1,109,054 $290,466 $818,588
2016 $12,029 $1,087,309 $284,771 $802,538
2015 $11,757 $1,070,978 $280,494 $790,484
2014 $9,396 $890,739 $327,878 $562,861
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23037125

California Regional Multiple Listing Service (CRMLS)