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359 N 3rd St - Coastal Duplex | San Luis Obispo County 2 Unit Apartment Building Offered at $1,000,000 at a 3.78% Cap Rate Grover Beach, CA 93433



INVESTMENT HIGHLIGHTS
- Coastal Location: Desirable Grover Beach duplex located a short distance from the beach, with convenient access to coastal amenities, shopping, dining
- Turn-Key Condition: Interior updates completed approximately four years ago include updated kitchens, flooring, and remodeled bathrooms, and more
- Attractive Unit Mix: Two spacious 2BD/1BA units totaling approximately 2,080 SF, each with a private two-car garage and fenced backyard
EXECUTIVE SUMMARY
Well-maintained duplex located in the desirable coastal community of Grover Beach, a short distance from the beach. Situated on a 7,500 SF lot, the property offers approximately 2,080 SF of living space with two well-proportioned 2BD/1BA units. Each unit includes a private two-car garage and its own fenced backyard, offering flexibility for owner-occupancy while maintaining strong rental appeal.
Interior updates completed approximately four years ago include updated kitchen cabinetry, flooring, and remodeled bathrooms. Sliding glass doors provide natural light and direct access to private outdoor space. Ideally located near shopping, dining, and coastal amenities, and approximately two miles from the Pismo Pier and beachfront. This property presents an excellent opportunity for investors or owner-users seeking a turn-key, income-producing asset in a highly desirable San Luis Obispo County coastal location.
Interior updates completed approximately four years ago include updated kitchen cabinetry, flooring, and remodeled bathrooms. Sliding glass doors provide natural light and direct access to private outdoor space. Ideally located near shopping, dining, and coastal amenities, and approximately two miles from the Pismo Pier and beachfront. This property presents an excellent opportunity for investors or owner-users seeking a turn-key, income-producing asset in a highly desirable San Luis Obispo County coastal location.
PROPERTY FACTS
| Price | $1,000,000 | Lot Size | 0.17 AC |
| Price Per Unit | $500,000 | Building Size | 2,080 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3.78% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 0.96/1,000 SF |
| Price | $1,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 3.78% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 2,080 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 0.96/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (71)
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359 N 3rd St - Coastal Duplex | San Luis Obispo County
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