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Sold on 06/10/2014
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111 Newport Ave, Grover Beach, CA 93433

$1,356,000

Last sold 06/10/2014 for $935K

  • —

    bed

  • —

    bath

  • 3,848

    Sqft ($243/Sqft)

Multi-family not for sale
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About 111 Newport Ave

Property type Multi-family
Year built 1979
HOA fee $0/month
Lot size 7,501 Sqft
Movoto estimate
Property description
Marketing Remarks: Beautifully maintained building of loft style apartments in the up and coming Grover Beach warehouse district. Lovingly upgraded and renovated, 3 of the 4 units are two bedroom, 1 bath fully furnished, eco-friendly vacation rentals with one month minimum stays, very high rental income and repeat clientele. There is one 3 bedroom, 2 bath ground floor unit on a long term lease that would be suitable as an owner's apartment. All units have a one car garage plus outside parking space. Just a short stroll from beaches, coffee shops, restaurants, the Monarch Butterfly Grove, golf course and the anticipated lodge and convention center.
Listed by
Listing Agent - Linda Butler
Listing Office - Haven Properties
Source: CRMLS mls logo
MLS#SP1043044 • last updated 11 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Virtual Tour N/A
Status Closed
Lot Size (Acres) 0.17
Lot Size (SqFt) 7501
Year Built 1979
Interior
Laundry Community
Interior Features Storage Space
Exterior
Foundation Concrete Slab
Roof Shingle
Building Area 3848
Parking Street, On Site
Lot Description Paved, Corner Lot, Level With Street, Sprinkler System
Location
County San Luis Obispo
Community Features Curbs
Zoning R2
Directions 4th Street, West On Newport. Corner Of 1st Street And Newport
APN 60077022
Multifamily Details
Operating Expense 25000
Gross Operating Income 84000
$1.35M
Range: $1.19M-$1.51M
Last 30 days 
  • Jun 2014
    mls logo MLS # SP1043044
  • Jun 10, 2014 Sold
    $935,000 (-5.6%)
  • Apr 15, 2014 Listed
    $990,000
  • Year Property taxes Tax assessment
  • 2024
    $12,868 +0.8%
    $1,123,699
  • 2023
    $12,767 +1.6%
    $1,123,699 +4.04%
  • 2022
    $12,569 +1.2%
    $1,080,067
  • 2021
    $12,421 +1.1%
    $1,080,067 +2.0%
  • 2020
    $12,280 +0.8%
    $1,058,890 +1.04%
  • 2019
    $12,181 +1.3%
    $1,048,034 +2.0%
  • 2018
    $12,028 +4.6%
    $1,027,485 +2.0%
  • 2017
    $11,494 +7.3%
    $1,007,339 +4.04%
  • 2016
    $10,712 +2.3%
    $968,224
  • 2015
    $10,469
    —
  • 111 Newport Ave
    $935K
  • —
  • 93433
    $835K +26% y/y
  • Grover Beach
    $835K +25% y/y
No chart available
Statistics calculated by Movoto

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6/10
Judkins Middle School
public Grades 7-8
Lucia Mar Unified School District
7/10
Arroyo Grande High School
public Grades 9-12
Lucia Mar Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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