7-Unit Apartment Building with
For Sale
$2,650,000
839 Longbranch, Grover Beach, CA 93433
A shared coin-operated laundry facility and off-street parking complement the apartment units.
Property Size6,082 SF
Price / SF$435.71
Days on Market12
Property Features for 839 Longbranch
General Information
Standard status
Active
Size
6,082 SF
Property subtype
Residential Income
Zoning
R3
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
7
Individually Metered Utilities
water
Amenities
private garages
community coin-operated laundry facility
1
true
1 Common Wall
false
2
Common Area
6-10 Units/Acre
Public
11662
6
0.2677
Assessor
6082
7
Building Details
Building Size
6,082 SF
Year Built
1978
Buildings
1
Stories
2
Listing Agency:
King Properties
(805) 801-0176
Listed By:
Kevin King · License #01013696
(805) 541-5464
Source:
Gotrealestatesolutions
Added: Oct 20
Changed: Oct 30
Last Checked: Oct 31 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of King Properties
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Investment Insights
Based on property information with market context.
This 6,082-square-foot apartment building dates to 1978 and contains seven units. Five units have updated flooring, countertops, fixtures, and appliances. The property also includes seven private garages, off-street parking, and a common coin-operated laundry facility. A MeterNet water sub-metering system is installed, and the building is zoned R3.
The property is in Grover Beach near the Grand Avenue corridor, with access to shopping, restaurants, parks, the Amtrak station, public transportation, Highway 1, and Highway 101.
The property is in Grover Beach near the Grand Avenue corridor, with access to shopping, restaurants, parks, the Amtrak station, public transportation, Highway 1, and Highway 101.
Key Highlights
- Seven apartment units in a 6,082‑square‑foot building
- Five units have updated flooring, countertops, fixtures, and appliances
- Seven private garages and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,413
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,348,260
$2.3M
Cap Rate 7%
$1,677,329
$1.7M
Cap Rate 9%
$1,304,589
$1.3M
Market Conditions
NOI Build-Up for 6,082 SF
Gross rent
$219.0K $36.00/SF
− Vacancy
−$5.5K −$0.90/SF
EGI
$213.5K $35.10/SF
− OpEx
−$96.1K −$15.80/SF
NOI
$117.4K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,348,260
Cap Rate 7%
$1,677,329
Cap Rate 9%
$1,304,589
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,413 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.39M
$2.09M – $2.79M
NOI $167,437 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 93433, CA
12,643
Population
5,757
Households
2.2
Avg Household Size
42
Median Age
27%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
5,747
Density / Sq Mi
$82,534
Median Household Income
$39,412
Median Earnings
$1,921
Median Rent
$691,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A shared coin-operated laundry facility and off-street parking complement the apartment units.
Where is this apartment building located?
The property is located at 839 Longbranch Grover Beach, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Seven apartment units in a 6,082‑square‑foot building; Five units have updated flooring, countertops, fixtures, and appliances; Seven private garages and off‑street parking
