
Arroyo Grande, California 93420
This property presents a Strong Value Opportunity with a List Price of $536,000—positioned well below the $542,289 Fair Market Value by 1%. This valuation gap offers $6,289 in Instant Equity. Featuring a Condition Rating of 5, the home requires modernization of its original 1980s finishes, offering significant potential for forced appreciation. With a two-car garage and private patio, it is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in the Lucia Mar Unified school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1020 Meadow Way Subject | $536,000* List Price | 2 | 2 | 1,320 | $411 | - |
A 1119 James Way Sold | $600,000 | 2 | 2 | 1,320 | $455 | 0.1 mi |
B 1097 Grieb Drive Active | $525,000 List Price | 2 | 3 | 1,312 | $400 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980, the property is 44 years old and retains its original kitchen and bathrooms. While the flooring has been updated, the cabinetry, tile countertops, and appliances are significantly dated and past their typical functional lifespan, requiring a full rehab to modernize.
The open-concept main level features a cozy corner fireplace and seamless flow, complemented by a rare two-car garage with direct interior access for maximum convenience.
The property offers exceptional outdoor utility for a condominium, featuring both a private courtyard-style porch and an additional patio area between the residence and garage.
Centrally located near shopping and amenities in Arroyo Grande, the home also benefits from proximity to high-rated schools, including Ocean View Elementary.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1554, living area = 1320.
Built in 1980, the unit may require aesthetic modernizations or system upgrades to meet the expectations of buyers looking for contemporary finishes.
The property lacks significant views, overlooking only the immediate neighborhood, which may be a disadvantage compared to other Central Coast properties with coastal or hillside vistas.
Welcome to Leisure Gardens, where comfort, convenience, and thoughtful design come together in this inviting two-story condominium. The main level features an open-concept layout connecting the living room, dining area, and kitchen, creating an easy flow for everyday living and entertaining. A corner fireplace adds warmth and character to the living room, while the kitchen offers breakfast bar seating and a convenient half bath for guests. Sliding glass doors off the dining area open to a private, courtyard-style porch, creating a pleasant outdoor space for morning coffee, relaxing, or enjoying an evening outdoors. Upstairs, you’ll find two bedrooms and a full bathroom, providing a comfortable separation between living and sleeping areas. The property also includes a two-car garage with direct access into the condo and a private patio area located between the residence and garage. Leisure Gardens offers a clubhouse for residents to enjoy, and the complex is conveniently located just a short distance from shopping and everyday amenities. A wonderful opportunity to enjoy low-maintenance condominium living in a convenient setting.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 2.4 mi
Grades 8-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.6 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,320 | 2,331.603 |
| Lot Size | 1,554 | 18,472.583 |
| Price | $536.0K | $1.18M |
| Price per sq ft | $406 | $566 |
| Built year | 1980 | 1994 |
| HOA | $246.0 | $161 |
| Days on market | 6 | 46 |
Sep 3, 2026
$536,000
Initial Listing