153 N 16th St, Grover Beach, CA 93433

5-unit property (153-173 N 16th) in good Nth Grover location, one block up from Grand Ave, near all the conveniences such as grocery and drug stores, restaurants, and public transportation. The living areas total 4,146 square feet, lot is 10,230 SqFt and zoned R2, additionally there is 400 SqFt 2-car garage and an 800 SqFt 4-car carport. There is a small coin operated laundry room in the carport area. Property consists of Four 2-bedroom units and one 1-bedroom units. There are three sperate dwellings, two small houses and a triplex. The two upstairs units in the triplex boast great views. Originally a 6-unit property, the back house was converted to a larger 2/1.5 unit from a 2/1 and a studio. The rents are substantially below market and one unit has been owner occupied. Once rents are stabilized and the owners unit rented the projected gross should be approx $117,500. This income property is hallway between SF and LA. Grover is a coastal city that lies along the Pacific Ocean, with sandy beaches, dunes, and a picturesque shoreline. The town is known for its laid-back atmosphere, oceanfront parks, and charming beachfront community. The vibrant pier, local shops, and palm-lined streets add to the coastal charm. The climate is pleasantly moderate, with cool ocean breezes and stunning sunsets over the water. Rare opportunity to purchase an income property that will be an excellent long term investment.