Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    956 S 13Th St Grover Beach, CA 93433

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four-unit apartment building in Grover Beach, built in 1976.

    Lot size:
    0.17 Acres

    Property Features for 956 S 13Th St

    General Information

    Standard status
    Active
    Zoning
    Public Rec
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Henry Webb
    Source: Crexi

    Listing Agency: Real Estate eBroker, Inc. Listing Agent: Henry Webb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Grover Beach Four-Unit Apartment Building

    This is a four-unit apartment building located in Grover Beach, constructed in 1976. Note that maintenance has been deferred for several years. The property is being sold "AS IS" without exceptions, and no work or repairs should be requested in any offer. Only one apartment will be available for viewing initially. The other units will be accessible for inspection after the seller accepts an offer.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grover Beach
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6163151
    Latitude
    35.1125921

    Nearby Similar for Sale

    • $995,000
      1,476 SF

      Grover Beach Duplex Investment Opportunity

      Duplex in Grover Beach with future development potential.
      261 N 13Th St, Grover Beach, CA 93433
      View Details
    • $1,295,000
      3,604 SF

      Grover Beach Four-Unit Apartment Building

      Four-unit apartment building in Grover Beach, being sold as-is.
      956 S 13Th St, Grover Beach, CA 93433
      View Details
    • $999,000

      Grover Beach Redevelopment Opportunity

      Prime mixed-use redevelopment opportunity in a revitalizing coastal corridor.
      294 N 4Th St, Grover Beach, CA 93433
      View Details
    • $595,000
      Pending

      Mixed-Use Property in Grover Beach

      Unique property combining residential and commercial spaces in Grover Beach.
      166 S 10Th St, Grover Beach, CA 93433
      View Details
    • $994,000
      1,794 SF

      Updated Grover Beach Income Property

      R-3 zoned property with two updated units and potential for third.
      241 S 10Th St, Grover Beach, CA 93433
      View Details
    • $994,000

      Updated Duplex with Expansion Potential

      Grover Beach duplex with R-3 zoning and expansion possibilities.
      241 S 10Th St, Grover Beach, CA 93433
      View Details
    • $3,900,000

      New Industrial Warehouse in Grover

      New 16,970 SF industrial warehouse completed in 2025.
      938 Huston St, Grover Beach, CA 93433
      View Details
    • $2,200,000

      Four Industrial Buildings For Sale

      Four industrial buildings on a drive-thru lot in active area.
      974 Griffin St, Grover Beach, CA 93433
      View Details
    • $3,900,000

      New Industrial Warehouse in Grover

      New 16,970 SF industrial warehouse completed in 2025.
      938 Huston St, Grover Beach, CA 93433
      View Details
    • $975,000

      Grover Beach Specialty Property Available

      Specialty property for sale in Grover Beach, California.
      172 N 13Th St, Grover Beach, CA 93433
      View Details
    • $3,800,000
      16,526 SF

      Grover Beach Industrial Opportunity

      16,526 sq ft industrial building in Grover Beach.
      921 Huston St, Grover Beach, CA 93433
      View Details
    • $159,900

      Grover Beach Specialty Property

      Specialty property available for sale in Grover Beach, CA.
      1477 W Grand Ave, Grover Beach, CA 93433
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment building in Grover Beach, built in 1976.
    Where is this quadplex located?
    The property is located at 956 S 13Th St Grover Beach, CA.
    What are key features of this property?
    This property features: - 4 unit apartment building, great investment opportunity.; - Located in Grover Beach.; - Built in 1976.
    Request Owner's contact information
    956 S 13Th St Grover Beach, CA 93433
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    956 S 13Th St
    Grover Beach, CA 93433
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    956 S 13Th St Grover Beach, CA 93433
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Henry Webb
    Real Estate License ID: 00837162
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!