NOT LISTED FOR SALE

675 & 663 Longbranch Ave Grover Beach, CA 93433

16 Beds
16 Baths
7,852 Sq Ft
1,370 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $2,680,000 $341 Per Sq Ft

65 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • Carpet
  • Arroyo Grande High School Rated A-
  • Level Lot
  • Wall Furnace

About This Home

As of November 2021

Looking for an investment or have an 1031 Exchange? This 8 -unit complex has two separate APN#'s. Each building has 4 units.. All are 2 bedroom 1.5+ baths, with individual back yards laundry space inside and a few with private decks. Each 2 bedroom unit comes with a carport and an additional parking space. Well managed and meticulously maintained, many of which have been updated over the past few years. Some long term tenants. Both 663 and 675 are being sold together.
Great location and now far from shopping and the beach is close by. Call agent for more details and updated financials.

Last Agent to Sell the Property

Cheryl Priolo

Richardson Sotheby's International Realty License #00829452 Listed on: 06/12/2021

Richardson Sotheby's International Realty

Last Buyer's Agent

Larry Smyth

Farrell Smyth Real Estate License #00587269

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 1,370 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot
  • Density is 6-10 Units/Acre
  • 060-193-019

Home Design

  • Property Attached
  • Slab Foundation
  • Common Roof

Interior Spaces

  • 7,852 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 16 Bedrooms
  • All Upper Level Bedrooms
  • 16 Bathrooms

Parking

  • 18 Parking Spaces
  • 8 Carport Spaces
  • Parking Available
  • Driveway
  • Parking Lot

Outdoor Features

  • Rain Gutters

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 8 / 106
  • Assessor Parcel Number 060193018

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Grover Beach Subdivision

Building Details

  • 5 Leased Units
  • 8 Separate Electric Meters
  • 2 Separate Water Meters
  • Electric Expense $200
  • Gardener Expense $1,400
  • Insurance Expense $3,855
  • Other Expense $830
  • Professional Management Expense $3,855
  • Trash Expense $2,363
  • Water Sewer Expense $7,050
  • Operating Expense $45,340
  • Gross Income $152,400
  • Net Operating Income $106,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1975 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 3855.00
  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Subdivision Name Other: Grover Beach (330)
  • Water Sewer Expenses: 7050.00
  • Zoning: R3
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 060193018
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 341.31
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Parking Space
  • Total Parking Spaces: 18.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Cooktop, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2363.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 060-193-019
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Landscaped, Level with Street
  • Lot Size Sq Ft: 1370.00
  • Lot Size Acres: 0.0315

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 152400.00
  • Gross Scheduled Income: 152400.00
  • Insurance Expense: 3855.00
  • Lot Size Area: 1370.0000 Square Feet
  • Net Operating Income: 106660.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 8
  • Number With Carpet: 3
  • Number With Disposal: 8
  • Number With Drapes: 8
  • Number With Patio: 8
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 45340.00
  • Other Expense: 830.00
  • Other Expense Description: Fire Ins
  • Rent Control: No
  • Total Actual Rent: 158940.00
  • Total Expenses: 45340.44

Tax Info

  • Tax Block: 106
  • Tax Census Tract: 121.02
  • Tax Lot: 8

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
11/15/2021 11/15/21 Sold $2,680,000 -4.3% $341 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $2,800,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Cheryl Priolo

    Richardson Sotheby's International Realty

    Section Image
  • Larry Smyth

    Buyer's Agent in 2021

    Larry Smyth

    Farrell Smyth Real Estate

    (805) 904-6616

    1 in this area

    13 Total Sales

    Larry Smyth
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC21127225

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County Grover Beach 93433

675 & 663 Longbranch Ave, Grover Beach, CA

This home is located at 675 & 663 Longbranch Ave, Grover Beach, CA 93433 since 12 June 2021. This property was built in 1975. 675 & 663 Longbranch 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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