This week’s property is an attractive, very livable triplex, located south of Grand Avenue in Grover Beach.  Each single level, 2 Bedroom, 1 Bath unit has a large fenced backyard and single car garage. Great curb appeal. Projected repairs and maintenance are low as seller has recently updated kitchens, replaced rear sliding glass doors, and replaced the roof and flooring in each unit. Located in very strong rental area with below market rents. Currently 100% occupied. On site coin operated laundry.  The current annual income is $36,940.

This property offers investors a sound opportunity to enter the investment market on the ever popular Central Coast.  The location, near beaches, the Pismo Dunes and many other recreational destinations will always attract renters and will be one of the first areas to appreciate as the economy turns around.  The property is well maintained and upgraded and therefore will not likely require near term infusion of capital for repairs.  Because rental rates are below market for the area, there is potential to increase monthly income immediately.   Because of the livability of the units, with the large yards, this property will also appeal to the investor who may want to live in one unit and rent, or have family live in the other two units.