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1245 S. 16th Street Grover Beach, CA 93433
$739,000 3 beds, 2 baths
1, 478 sqft
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Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# SC26194288
List price is $739,000
HOA Fee is $0.00
Beds: 3
Baths: 2 (2 full)
Living Room fireplaces
Built in 1980
1,478 sqft
2 stories
0.07 acres
Lot size: 0.0696
Subdivision: Grover Beach (330)
County: San Luis Obispo
Interior features: Attic
Lot description: Level
Heating/cooling: None
Heating description: Forced Air
MLS area: GRVC - Grover Beach

Last Updated: 9/7/2026

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This listing belongs to the GRVC - Grover Beach MLS area

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Lat/Long: 35.112475, -120.612024.
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Listing Agent: George Sabo
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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