NOT LISTED FOR SALE

950 S 14th St Grover Beach, CA 93433

20 Beds
14 Baths
10,720 Sq Ft
0.5 Acres

Last Sold July 17, 2019

Last sale price $2,700,000 $252 Per Sq Ft

15 Days on Market

Highlights

  • Property is near an ocean
  • 0.5 Acre Lot
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • Property is near park, public transit, schools, shops, and bus stop
  • 14 Car Garage

About This Home

As of July 2019

Wonderful apartment complex located in the sought after Grover Beach area. This 14-unit complex is centrally located, near parks, the beach, schools, Grand Plaza Shopping Center, Gateway Plaza Shopping Center, easy access public transit and just a short commute to Downtown. Grover Beach Pines Apartments consists of a fantastic unit mix of (10) - 2 bedroom/1bath plus a one car garage and (4) - studios. The two bedroom units are townhouse style, with generous sized units, private balcony and small fenced yard. Some units have been upgraded with new kitchen cabinets and counters, LED lighting, Luxury Vinyl Tile and more. Nearby attractions include, Oceano Dunes, Oceano Campground, Pismo Beach Gold Course, Monarch Butterfly Grove and the Pismo Beach Premium Outlets.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/15/2019

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/15/2019

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.5

Parking

  • 14 Car Garage
  • Uncovered Parking

Additional Features

  • Laundry Room
  • Property is near an ocean
  • 0.5 Acre Lot
  • Property is near park, public transit, schools, shops, and bus stop
  • Individual Gas Meter

Community Details

  • 14 Units
  • Net Operating Income $115,962

Listing and Financial Details

  • Assessor Parcel Number 060-362-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1958
  • Capitalization Rate: 4.35% Proforma
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 14.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Garage Yn: Yes
  • Property Information Year Built2: 1958
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 21780.0
  • Proximity Near Bus: Yes
  • Parking Info Garages: Yes
  • IncomeExpenses NOI2: 115962
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.5

Garage/Parking

  • Parking Features: Garages, Uncovered
  • Total Parking Spaces: 14.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 060-362-011
  • Zoning: R-2
  • Lot Size Sq Ft: 21780.0

Multi Family

  • Number Of Units Total: 14

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
07/17/2019 07/17/19 Sold $2,700,000 -5.3% $252 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $2,850,000 -- $266 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $33,151 $2,952,840 $874,915 $2,077,925
2024 $32,891 $2,894,942 $857,760 $2,037,182
2023 $32,891 $2,838,180 $840,942 $1,997,238
2022 $32,382 $2,782,530 $824,453 $1,958,077
2021 $32,000 $2,727,972 $808,288 $1,919,684
2020 $31,637 $2,700,000 $800,000 $1,900,000
2019 $13,286 $1,120,754 $249,052 $871,702
2018 $13,120 $1,098,779 $244,169 $854,610
2017 $12,538 $1,077,235 $239,382 $837,853
2016 $11,684 $1,056,114 $234,689 $821,425
2015 $11,419 $1,040,251 $231,164 $809,087
2014 $10,758 $1,019,875 $226,636 $793,239
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2019

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    1 in this area

    92 Total Sales

    Steve Golis
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-1289

Santa Barbara Multiple Listing Service
California San Luis Obispo County Grover Beach 93433

950 S 14th St, Grover Beach, CA

Not Listed for Sale

MultiFamily

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