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Cindy Blankenburg

Blankenburg Properties

Arroyo Grande, CA 93420

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Listing 4 out of 48
Sold for $1,030,000 Sold

581 Manhattan Avenue
Grover Beach, CA 93433

4 units | Multi Family Home
6852 sq ft lot - MLS# SP19082054
Property Photo


Sold for $1,030,000 on Jul 12, 2019


4 Plex in Grover Beach has been well maintained by current owner. Low vacancy with great tenants makes this a great investment property. 4 Townhome units with living downstairs and bedrooms upstairs. Many upgrades over the past several years including a some new windows, new carpet, flooring, new bathroom cabinets, window coverings and paint. Nicely landscaped and each unit has it's own one car garage and a storage unit. Coin operated Laundry room available for all tenants use. Located close to local Grover Beach businesses and not far from the Grand Ave. entrance to Pismo Beach and all activities. Bring in your investment and exchange clients today.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,075,000
  • Zip Code: 93433
  • Year Built: 1973
  • Subdivision/Neighborhood: Grover Beach (330)
  • Units: 4 units
  • # of Parking Spaces: 7.00
  • Lot Size: 6852 sq ft lot
  • Waterfront: Ocean Side of Freeway
  • Zoning: R3
  • Area: GRVC - Grover Beach
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3700.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs
  • Country: US
  • Directions: Grand to So. 6th St. Take 6th to Manhattan. Right on Manhattan. Units are on your right. No Sign
  • Electric Expense: 135.00
  • Fence YN: Yes
  • Fencing: Wood
  • Flooring: Carpet, Laminate, Vinyl
  • Garage Spaces: 4.00
  • Gross Income: 73038.00
  • Gross Scheduled Income: 73038.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Inclusions: all appliances including coin operated washer/dryer in laundry room.
  • Insurance Expense: 1127.00
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Common Area
  • Laundry Income: 2030.00
  • Laundry YN: Yes
  • Listing Agent License: 00829452
  • Listing Office License: 01465507
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 6850.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 50836.00
  • New Taxes Expense: 9778.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 22202.00
  • Other Expense: 6756.00
  • Other Expense Description: repairs
  • Property Attached YN: Yes
  • Property Condition: Turnkey
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Room Type: All Bedrooms Up
  • Selling Agent: Joyce Deline
  • Selling Agent License: 00864510
  • Selling Office: Cornerstone Real Estate
  • Selling Office License: 01869902
  • Sewer: Public Sewer
  • Total Expenses: 22202.00
  • Trash Expense: 1080.00
  • Uncovered Spaces: 3.00
  • Water Sewer Expense: 2916.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Date: 2019-07-12
  • Sold Price: 1030000.00
Courtesy of Richardson Properties, Cheryl Priolo

Blankenburg Properties
127 E. Branch St
Arroyo Grande, CA 93420
Phone: 805-481-1019


Huge thanks to Cindy, and Blankenburg properties!!! I have known Cindy for 40 plus years, so when we decided to buy a home in the five cities area we knew Cindy was our gal. Her professional approach, and knowledge of the area were key to finding us a property we love!!
Cindy listened when we described what we were looking for, and the home we purchased was the fourth property she showed us!! She heard all of our requests, including my dream to have a white picket fence!!
I would recommend Blankenburg Properties, and Cindy, to help you with all your real estate needs.
Whether buying or selling, Cindy's expertise and knowledge of our area is a huge bonus!!
Thank you Cindy for helping make our dreams come true!!!
Karla and Kent
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