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Listing 3 out of 8
$799,000 Active Under Contract

576 Saratoga Avenue
Grover Beach, CA 93433

2 units | Multi Family Home
6843 sq ft lot - MLS# PI19147497
Property Photo


This is what everyone is looking for - one to live in and one to rent in a North Grover Beach location just six short blocks to the beach with a peek of the ocean from the decks and some bedrooms. Investors - this is the best CAP rate around! Buy one and live in one or rent both at $2400/mo. each. Each townhome has 3 bedrooms, 1.5 baths, and an oversized 1-car garage. The homes have been meticulously maintained by the original owner and builder. The termite work has been completed, there is a new roof, new carpet, and new windows. The kitchens and bathrooms have been updated. Built in 1974, the seller estimates each home is about 1300 sq. ft. There is room to park in the driveway and still access the charming gated courtyard entrances. Each home has a large deck overlooking a fenced back yard. Currently in escrow with an offer over the asking price. Back-up Offers Welcome!


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • Zip Code: 93433
  • Year Built: 1974
  • Subdivision/Neighborhood: North Grover Beach(350)
  • Style: Spanish
  • Stories: Two
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Lot Size: 6843 sq ft lot
  • View: Ocean, Yes
  • Area: GRVC - Grover Beach
  • Appliances: Water Heater
  • Appliances YN: Yes
  • Average Studio Area Units: Square Feet
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Builder Name: Albretson
  • Building Area Total: 2600.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Fishing, Golf, Park, Watersports
  • Construction Materials: Drywall Walls, Stucco
  • Country: US
  • Directions: Take 4th Street and turn East on Saratoga. Duplex is 2nd from the corner of 6th & Saratoga. From Grand, go uphill and turn left on Saratoga.
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Entry Location: Side Courtyard
  • Fence YN: Yes
  • Fencing: Average Condition, Stucco Wall, Wood
  • Flooring: Carpet, Laminate
  • Foundation Details: Slab
  • Garage Spaces: 2.00
  • Gross Income: 60000.00
  • Gross Operating Income: 54000.00
  • Gross Scheduled Income: 60000.00
  • Heating: Central, Forced Air, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 1000.00
  • Interior Features: Granite Counters, Tile Counters
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01257839
  • Listing Office License: 01257839
  • Lot Dimensions: 135 x 50
  • Lot Features: 0-1 Unit/Acre, Back Yard, Level with Street, Level, Park Nearby
  • Lot Size Area: 6845.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 42000.00
  • New Taxes Expense: 9000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 12000.00
  • Other Structures: Two On A Lot
  • Parking Features: Direct Garage Access, Driveway, Driveway Level, Garage, Garage Faces Front, Garage - Single Door
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Property Condition: Updated/Remodeled
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Roof: Flat, Membrane, Spanish Tile
  • Room Type: All Bedrooms Up, Kitchen, Living Room
  • Security Features: Smoke Detector(s)
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 38400.00
  • Total Expenses: 10040.00
  • Trash Expense: 40.00
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected
  • Water Source: Public
  • Year Built Source: Seller
Courtesy of Peterson Team Realty, Debbie Peterson

Mary Mitchell | 805-550-7168 | Email Me
1015 Nipomo Street, Suite #230 - San Luis Obispo, CA 93401
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