1245 S. 16th Street Grover Beach, CA 93433
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
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
NEARBY SCHOOL & BUSINESS
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