NOT LISTED FOR SALE

857 Manhattan Ave Grover Beach, CA 93433

Estimated Value: $1,020,506 - $1,241,000

2 Beds
1 Bath
3,468 Sq Ft
$322/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $949,788 $274 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,936/month

31 Days on Market

Highlights

  • Property is near park
  • No HOA
  • Rectangular Lot
  • Arroyo Grande High School Rated A-
  • Laundry Room

About This Home

As of June 2023

Welcome to 857 Manhattan Avenue in beautiful Grover Beach! Located in a peaceful and desirable neighborhood, this 4-plex is ideal for investors looking to add to their portfolio or for those looking to live in one unit and rent out the other three. Each unit features 2 bedrooms, 1 bath, and 867 square feet of comfortable living space. Conveniently located just minutes from the beach, schools, shopping, and dining, this property offers the perfect blend of comfort, convenience, and investment potential. Don't miss out on this excellent opportunity to own a four plex on the Central Coast!

Last Agent to Sell the Property

Jay Bond

eXp Realty of California, Inc. License #01823529 Listed on: 03/09/2023

eXp Realty of California, Inc.

Last Buyer's Agent

Braidy Halverson

BH Realty Group License #02051406

BH Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,875 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 3,468 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 060281023

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $4,752
  • Operating Expense $26,613
  • Gross Income $65,820
  • Net Operating Income $39,206

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Grover Beach (330)
  • Water Sewer Expenses: 4752.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 060281023
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 273.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot, Level, Park Nearby
  • Lot Size Sq Ft: 6875.00
  • Lot Size Acres: 0.1578

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 65820.00
  • Gross Scheduled Income: 65820.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 85.00
  • Lot Size Area: 6875.0000 Square Feet
  • Net Operating Income: 39206.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26613.00
  • Operating Expense Percent: 40.00
  • Other Income Description: Carport rental potential@50/mo
  • Rent Control: No
  • Total Expenses: 26613.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 2, 2023
Sold by
Stephen Morse And Beverly S Morse Family
Bought by
Mary Alice Mcdonald Trust
Seller's Agent
Jay Bond
eXp Realty of California, Inc.
Buyer's Agent
Braidy Halverson
BH Realty Group
List Price
$999,999
Sold Price
$949,788
Premium/Discount to List
-$50,211
-5.02%
Views
43
Current Estimated Value
$1,156,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,880
Avg. Annual Appreciation
6.25%

Purchase Details

Closed on
Feb 19, 2010
Sold by
Morse Stephen and Morse Beverly S
Bought by
Morse Stephen and Morse Beverly S

Purchase Details

Closed on
Jun 30, 2008
Sold by
Lasalle Bank Na
Bought by
Morse Stephen and Morse Beverly S

Purchase Details

Closed on
Jun 27, 2008
Sold by
Bernal Jose M
Bought by
Lasalle Bank Na and Bear Stearns Asset Backed Securities I L

Purchase Details

Closed on
Aug 4, 2006
Sold by
Garcia Joel B
Bought by
Garcia Joel B and Garcia Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$722,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2005
Sold by
Garcia Maria D
Bought by
Garcia Joel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
8.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2005
Sold by
Bernal Jose M and Bernal Salud M
Bought by
Garcia Joel B and Bernal Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2002
Sold by
Worden Carl F
Bought by
Bernal Jose M and Bernal Salud M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,435
Interest Rate
6.52%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2000
Sold by
Morgan Thomas R and Morgan Heidi Jo
Bought by
Worden Carl F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,750
Interest Rate
7.65%

Purchase Details

Closed on
Jul 16, 1997
Sold by
Agron Albert and Agron Beth
Bought by
Morgan Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
8.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Mary Alice Mcdonald Trust $950,000 Fidelity National Title
Morse Stephen -- None Available
Morse Stephen $545,000 Fidelity National Title Co
Lasalle Bank Na -- Fidelity National Title Co
Garcia Joel B -- Alliance Title
Garcia Joel B -- Gateway Title Company
Bernal Jose M -- Gateway Title Company
Garcia Joel B -- Cuesta Title Company
Bernal Jose M $495,000 Chicago Title Co
Worden Carl F $312,500 Cuesta Title Company
Morgan Thomas R $196,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Joel B $722,000
Previous Owner Bernal Jose M $660,000
Previous Owner Garcia Joel B $540,000
Previous Owner Bernal Jose M $435,435
Previous Owner Worden Carl F $218,750
Previous Owner Morgan Thomas R $167,000
Closed Morgan Thomas R $9,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2023 06/01/23 Sold $949,788 -5.0% $274 / Sq Ft
04/09/2023 04/09/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $999,999 0.0% $288 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $999,999 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,093 $988,067 $416,160 $571,907
2024 $7,817 $968,694 $408,000 $560,694
2023 $7,817 $674,565 $309,433 $365,132
2022 $7,696 $661,339 $303,366 $357,973
2021 $7,606 $648,372 $297,418 $350,954
2020 $7,519 $641,725 $294,369 $347,356
2019 $7,458 $629,144 $288,598 $340,546
2018 $7,365 $616,809 $282,940 $333,869
2017 $7,038 $604,716 $277,393 $327,323
2016 $6,559 $592,859 $271,954 $320,905
2015 $6,410 $583,954 $267,869 $316,085
2014 $6,039 $572,516 $262,622 $309,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23039941

California Regional Multiple Listing Service (CRMLS)

APN: 060-281-023