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1245 S. 16th Street
Active
Single Family Residence
Single Family Residence
1245 S. 16th Street 
$739,000
Offered at
Grover Beach, CA 93433
San Luis Obispo County
3
Beds
2
Baths
1,478
Sq Ft
3,032
Lot Sq Ft
1980
Year Built
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…
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.
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Has cooling: No
Appliances
- Laundry: Inside, In Garage
Features
- Has fireplace: Yes
- Fireplace features: Living Room
Interior area
- Total interior livable area: 1,478 sqft
Property
Parking
- Total spaces: 2
- Attached garage spaces: 2
Features
- Stories: 2
- Has private pool: No
- Has view: Yes
- View features: Hills
Lot
- Size: 0.07 Acres
- Features: Level
Details
- Parcel number: 060631064
Construction
Type & style
- Home type: Residential
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1980
Location
Mike Zwarg
Broker / Owner
951.528.0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: BHGRE HAVEN PROPERTIES · Listing Agent: George Sabo · 805-440-9393 · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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1245 S. 16th Street, Grover Beach, CA 93433
951.528.0626
mike@mzhomes.us
mzhomes.us
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