Property listed by BHGRE HAVEN PROPERTIES, George Sabo 805-592-2050
1245 S. 16th Street
Grover Beach, CA 93433
Beds
3
Baths
2
Square Ft.
1,478
$739,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
2
Square Ft.
1,478
Lot Size
0.07 Acres
Year Built
1980
MLS Number
SC26194288
Additional Details
Building
Built in 1980, Living area: 1478.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Urban
Cooling
None
Fireplaces
LivingRoom
Foundation
Slab
Garage
2 spaces
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Interior Features
Attic
Laundry
Inside, InGarage
Lot
0.0696 acres, Level
Parking
2 total parking spaces
Pool
None
Property
Hills
Roof
Composition
Sewer
PublicSewer
Taxes
Parcel Number: 060631064
Utilities
Water Source: Public
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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