PROPERTY DESCRIPTION

Great opportunity to own a three unit investment property with income producing and future development potential within the central business district (CBD) zoning. This property is in an A+ location on a corner lot and frontage on Grand Avenue with high traffic count. There are endless options with this versatile property. The front unit with Grand Avenue frontage is currently set up for a retail space or office, it's been fully renovated with new tile flooring, paint, dual pane windows, mini-split A/C. The back building is a duplex with two 1 bedroom, 1 bathroom units which have been newly renovated and are turn key. The middle unit is a 1 bedroom unit with a modest renovation and has direct access to the garage and spacious back yard. The back 1 bedroom unit has granite countertops, vinyl plank flooring, a gas fireplace and comes fully furnished. This unit was previously being used as an AirBnB a few years ago but does not currently have a short term permit. Back 1 bedroom unit is currently rented for $2250/month. Both back units come with attached garage spaces. New roofs were installed in September 2020. New exterior and interior paint. Outstanding property for any investor looking to build their portfolio or for someone who wants to run and operate a business downtown Grover Beach. Ask city about potential to convert garage to an additional ADU unit and potential to convert part of front building into a residential unit to make 5 units and increase cash flow and equity.