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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$739,000

Est. payment - /mo

3 Beds

2 Baths

1,478 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,478 sqft

Price per Sqft $500

Subdivision Grover Beach (330)

MLS Listing ID SC26194288

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1980

Lot Size 3,031 Sqft

Property Sub-Type Single Family Residence

Property Description

Enjoy versatile coastal living and income potential in this unique property offering two separate living areas, each with its own private entrance. Located just minutes from the Village of Arroyo Grande, local beaches, dining, and scenic hiking trails, this home offers flexibility for both homeowners and investors.
The spacious upstairs living area features one bedroom, one bathroom, a full kitchen, and an open, comfortable layout with access to a west-facing balcony, perfect for enjoying beautiful evening sunsets. A stand-up attic/loft space provides additional storage and flexible-use potential.
The downstairs living area features two bedrooms and one bathroom, with its own private entrance. One of the bedrooms has been converted into a living room, creating a comfortable and functional layout. The property has previously been operated as an Airbnb, with the owner occupying the upstairs living area.
Currently, the two living areas generate a combined $4,500 per month in rental income, with the upstairs renting for $2,300 and the downstairs consistently renting for $2,200. The property has maintained this rental income for approximately three years with no gaps in occupancy.
The flexible layout provides multiple options for the next owner. Continue using the property as two separate living areas for rental income, occupy one and rent the other, or easily convert it back to its original configuration as a single three-bedroom, two-bathroom home. A rare opportunity for buyers seeking flexibility, rental income, or a property that can adapt to changing needs.
As an added bonus with a Solar panel system added in 2021 you will enjoy dramatically lower monthly utility bills, reliable clean energy, and peace of mind against rising electricity rates.
Photos taken prior to current occupancy.

Location

State CA

County San Luis Obispo

Area Grvc - Grover Beach

Rooms

Main Level Bedrooms 1

Interior

Interior Features Attic

Heating Forced Air

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside, In Garage

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Urban

View Y/N Yes

View Hills

Roof Type Composition

Total Parking Spaces 2

Private Pool No

Building

Lot Description Level

Dwelling Type House

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Lucia Mar Unified

Others

Senior Community No

Tax ID 060631064

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by George Sabo BHGRE HAVEN PROPERTIES 805-440-9393, DRE #01213713

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

1245 S. 16th Street Grover Beach, CA 93433