
Arroyo Grande, California 93420
This Residential Condominium represents a Strong Value Opportunity, listed at $536,000—positioned well below the $568,056 Fair Market Value by 5%. This valuation gap offers $32,056 in Instant Equity. Featuring a Functional Open-Concept Layout and a Private Patio, the property holds a Condition Rating of 4, indicating a need for cosmetic modernization. Located near Ocean View Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build value through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1020 Meadow Way Subject 2 bd · 2 ba · 1,320 sqft · $406 | $518,000* List Price | 2 | 2 | 1,320 | $406 | - |
A 1119 James Way Sold 2 bd · 2 ba · 1,320 sqft · $455 · 0.1 mi | $600,000 | 2 | 2 | 1,320 | $455 | 0.1 mi |
B 1097 Grieb Drive Active 2 bd · 3 ba · 1,312 sqft · $380 · 0.1 mi | $499,000 List Price | 2 | 3 | 1,312 | $380 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this 44-year-old condo is functional and features newer laminate flooring, but remains significantly dated. The kitchen and bathrooms appear to have original cabinetry and tile countertops, and popcorn ceilings are present throughout, indicating a need for cosmetic updates.
The main level features a seamless open-concept design connecting the living, dining, and kitchen areas, complemented by a cozy corner fireplace and breakfast bar seating for modern living.
Unique for condominium living, this property offers both a private courtyard-style porch and an additional patio area between the residence and garage, providing excellent space for outdoor relaxation.
The inclusion of a two-car garage with direct interior access offers significant convenience, security, and storage capacity that is often lacking in similar multi-family residential units.
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.
The listing indicates a lack of significant views, offering only neighborhood perspectives, which may be a drawback for buyers seeking the coastal or hillside vistas typical of the Arroyo Grande area.
Built in 1980, the property may require capital improvements or cosmetic updates to align with contemporary design trends and energy efficiency standards.
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 | 3.5 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,320 | 2,290.855 |
| Lot Size | 1,554 | 17,332.316 |
| Price | $518.0K | $1.21M |
| Price per sq ft | $392 | $575 |
| Built year | 1980 | 1994 |
| HOA | $246.0 | $155 |
| Days on market | 51 | 46 |
Oct 9, 2026
$518,000
$536,000
-3% Price Drop
Initial Listing
Sep 3, 2026
$536,000
Initial Listing