1265 Nice Avenue

Grover Beach, CA 93433

$2,700,000
Price
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Description

Discover this enticing multi-family residence offering a unique blend of simplicity and investment potential. Positioned just moments from Mentone Basin Park, renowned eateries, and the serene beach, this +/-6,000 SF property encapsulates the essence of coastal living and lucrative investment. Comprising (8) 2-bed, 1-bath units, this is an ideal portfolio addition for those looking to capitalize on below-market rents. Units boast modern, fully-equipped kitchens, laminate flooring and spacious living...Discover this enticing multi-family residence offering a unique blend of simplicity and investment potential. Positioned just moments from Mentone Basin Park, renowned eateries, and the serene beach, this +/-6,000 SF property encapsulates the essence of coastal living and lucrative investment. Comprising (8) 2-bed, 1-bath units, this is an ideal portfolio addition for those looking to capitalize on below-market rents. Units boast modern, fully-equipped kitchens, laminate flooring and spacious living areas, enhancing tenant comfort and satisfaction. Experience ease of management with minimalistic designs in a prime location that promises continuous tenant appeal.
  1. Listed by Steven J Golis • DRE #00772218 • Radius Group Commercial R.E.

Property Details for 1265 Nice Avenue

Zoning
Other
Cross Street
13th Street
Recurring Fees
No

Location

Listing Courtesy of Radius Group Commercial R.E., Steven J Golis, DRE #00772218
Add your commute
LISTING UPDATED: 05/21/2024 05:12 PM

Property Details for 1265 Nice Avenue

StatusActive
MLS #24-1645
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1978
Lot Size0.15 AC / 6,600 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Radius Group Commercial R.E., Steven J Golis, DRE #00772218
Add your commute

Building Information for 1265 Nice Avenue

Stories-Residences8Year Built1978Building Size-Lot Size0.15 AC / 6,600 SF

Payment Calculator

$16,410 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$1,675

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1265 Nice Avenue

Details
Features
  • District: 97 - OUT OF AREA
  • Property Type: B
Location Info
Location Info
  • Tax Parcel Number: 060-345-021
  • LotLocation: Near Ocean, Near Park(s), Near School(s)
  • City: GROVER BEACH
  • County: San Luis Obispo
  • Postal Code: 93433
Neighborhood/Schools
  • Elementary School: Other
  • High School: Other
  • Junior High School: Other
Property / Assessor Information
Property / Assessor Info
  • Realtorcom Type: Multi-Family
  • Total # Units: 8
Income / Expense Info
Income / Expense Info
  • Capitalization Rate: 4.34
  • Gross Rent Multiplier: 14.24
  • NOI: 117229
  • Annual Income: $177,082
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 1
  • Unit 1Num Of Bedrooms: 2
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 8
  • Unit 1Monthly Total: $14,757
  • Unit 1Rent: $14,757
Contract Info
Contract Info
  • Deposit: 3
  • List Price: $2,700,000.00
  • Terms: Cash, Ctnl
  • Status: Active

Property History for 1265 Nice Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1265 Nice Avenue

Taxable ValueLand$714,000Additions$1,020,000Total$1,734,000
Tax Record2023$20,095 ($1,675 / month)
Home Facts
Total Finished SqFt6,000 SqFtAbove Grade Finished SqFt6,000 SqFtLot Size6,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1978ZoningR3CountySAN LUIS OBISPOAPN060-345-021

Schools near 1265 Nice Avenue

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 8 to 12
Public - 9 to 12
Rating
School
Distance
Grover Beach Elementary School
PublicK to 6

Judkins Middle School
Public7 to 8

Arroyo Grande High School
Public8 to 12

Central Coast New Tech High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1265 Nice Avenue is a multi-family home for sale in Grover Beach, CA 93433. This property was listed for sale on May 21, 2024 by Radius Group Commercial R.E., it's currently listed at $2,700,000. It has been on the market for a total of 27 days and was last sold on October 7, 2021. This listing's school district is Lucia Mar Unified School District. Nearby schools include Grover Beach Elementary School, Judkins Middle School and Arroyo Grande High School. 1265 Nice Avenue is a 0-bed, 0-bath, multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Radius Group Commercial R.E., Steven J Golis, DRE #00772218

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.