359-361 N 3rd St, Grover Beach — Sale in Grover Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Grover Beach, CA 93433

Investment Figures

Cap rate
3.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 359–361 N 3rd Street, a well-maintained duplex located in the desirable coastal community of Grover Beach, California. Built in 1979, the property sits on a 7,500 square foot lot and features a total of 2,080 square feet of living space. Each unit consists of two bedrooms and one bathroom and includes its own private two-car garage—a highly sought-after amenity in the market. Both units are individually metered for utilities, allowing for straightforward management and reduced owner expenses. Recent updates enhance the property’s appeal, including kitchen cabinetry and flooring completed approximately four years ago, and remodeled bathrooms in both units. Each unit enjoys direct backyard access through sliding glass doors, providing natural light and indoor-outdoor livability. Ideally positioned near local shopping, dining, and beaches, the property offers a strong mix of stable tenancy potential and long-term appreciation. 359–361 N 3rd Street presents an excellent opportunity for investors or owner-users seeking a turn-key, income-producing asset in one of San Luis Obispo County’s most attractive coastal submarkets. Investment Highlights: • Duplex with private garages and private backyards. • Updated kitchen cabinetry and flooring. Remodeled bathrooms in both units. • Close proximity to Pismo State Beach.

Market Context

This multifamily in Grover Beach, CA is listed for sale. It is offered at an approximate 3.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Grover Beach, CA — view the full market.

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