Building Details

Year Built 1964

Listing Agency: Home & Ranch Sotheby's Intl Show Phone

Listed By: Kyle Perhac · License #02003379 Show Phone

Source: Exitrealty

Added: Mar 19 Changed: Oct 25 Last Checked: Oct 2 at 5:40PM

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Investment Insights

Based on property information with market context.

Located in Nipomo, the property at 770 and 772 Beverly presents a duplex investment opportunity. The property features two units, each containing 2 bedrooms and 1 bath, with separate entrances, driveways, and laundry facilities, and each unit has its own yard. The lower unit, a permitted ADU, is currently rented for $2,300 per month. The upper unit was previously rented at $2,600. Recent upgrades have been made to both units, including new PEX water supply lines and new ABS drain lines, with drainage replaced to the street connection. The lower ADU has a complete electrical replacement including GFCI and AFCI protection. The upper unit includes panel upgrades and added GFCI protection. A Sense energy monitor is installed on the downstairs sub-panel for separate usage tracking. The upper unit also features new cabinetry, new windows, a new furnace with digital thermostat, a new water heater, and a ceiling fan. Both units have waterproof, rubber-backed luxury vinyl plank flooring.

Key Highlights

• Duplex investment property with strong income potential (8.0% CAP Rate based on previous rents).
• Two separate 2‑bedroom, 1‑bath units, each with private entrances, driveways, laundry, and yards.
• Lower ADU currently rented at $2,300/month, providing immediate income.

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

156

Businesses Nearby

Explore this area Business Placement

Demographics for 93444, CA

22,293

Population

8,406

Households

2.7

Avg Household Size

45

Median Age

34%

College-Educated

87%

High-School Grad

65.4 sq mi

ZIP Area

341

Density / Sq Mi

$105,655

Median Household Income

$44,920

Median Earnings

$2,034

Median Rent

$746,400

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Nipomo duplex with income potential and recent upgrades.

Where is this duplex located?

The property is located at 770 & 772 Beverly DR Nipomo, CA.

What is the asking price?

The asking price for this property is $679,000.

What are key features of this property?

This property features: Duplex investment property with strong income potential (8.0% CAP Rate based on previous rents).; Two separate 2‑bedroom, 1‑bath units, each with private entrances, driveways, laundry, and yards.; Lower ADU currently rented at $2,300/month, providing immediate income.