1245 S. 16th Street, Grover Beach, CA 93433
Local realty services provided by:ERA Excel Realty
1245 S. 16th Street,Grover Beach, CA 93433
$739,000
- 3 Beds
- 2 Baths
- 1,478 sq. ft.
- Single family
- Active
Listed by: george sabo
Office: bhgre haven properties805-592-2050
MLS#:SC26194288
Source:CRMLS
Price summary
- Price:$739,000
- Price per sq. ft.:$500
About this home
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....
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Home facts
- Year built:1980
- Subdivision & Development:Grover Beach (330)
- Listing ID #:SC26194288
- Added:1 day(s) ago
- Updated:September 06, 2026 at 09:35 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,478 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1980
- Building area:1,478 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Level with Street
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$739,000
- Price per sq. ft.:$500
Features and amenities
- Laundry features:Inside
- Amenities:Attic
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
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