1121 Sunset, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 4 bed, 3 bath
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Arroyo Grande, California 93420
This property presents a High-Potential Investment Opportunity with a List Price of $899,900—positioned well above the $626,556 Fair Market Value by -43%. While the current list price reflects a premium, the 12,515 sq. ft. lot and 2,185 sq. ft. footprint offer significant redevelopment potential. With a Condition Rating of 6, the home requires a comprehensive overhaul. This is a strategic acquisition for Buy-and-Hold Investors or Builders focused on maximizing the utility of this oversized Arroyo Grande parcel.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1121 Sunset Subject | $899,900* List Price | 4 | 3 | 2,185 | $287 | - |
A 232 Robles Road Sold | $770,000 | 3 | 3 | 2,008 | $383 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1955 (71 years old) and shows no signs of major renovations, meeting the >50y criteria. The listing description explicitly targets builders and visionaries for 'redevelopment opportunities' and 'reimagining' the oversized lot, signaling that the value is primarily in the land. Interior photos show dated wall heaters and original-style utility areas consistent with a property needing a complete overhaul or replacement.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12515, living area = 2185.
The oversized 12,515 sq. ft. flat and usable lot offers significant opportunities for redevelopment, ADU construction, or extensive outdoor amenities in a prime location.
Situated west of Hwy 101, the property boasts excellent proximity to Arroyo Grande’s shopping, dining, and the beautiful Central Coast beaches.
The property was recently sold within the past year on 2025-11-12. The sold price is $487,500.00.
The property is being sold in as-is condition after years as a rental, indicating a likely need for significant capital investment for repairs and modernization.
Constructed in 1955, the home may require extensive updates to its core systems and layout to meet the expectations of modern buyers or tenants.
Stop, look, and listen—this property is calling investors, builders, and visionaries alike! Situated on an oversized 12,000+ sq. ft. flat, usable lot, this unique property offers incredible potential in a highly desirable Arroyo Grande location near the crossroads of Elm Street and Grand Avenue. The existing home spans approximately 2,100+ sq. ft. and features 4 bedrooms, 2 bonus rooms, and 2.5 bathrooms, providing a substantial footprint for renovation, expansion, or redevelopment opportunities. Owned as a rental property for many years, the home is being offered as-is, presenting a rare chance to reimagine and transform this exceptional parcel into something truly special. Enjoy outstanding convenience with close proximity to shopping, dining, everyday services, and the beautiful Central Coast beaches. Whether you're looking to renovate, invest, or create your dream property, this is an opportunity you won't want to miss. Bring your dreams to reality at 1121 Sunset Drive.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,185 | 2,139.5 | 52% |
| Lot Size | 12,515 | 12,038.5 | 51% |
| Price | $899.9K | $1.12M | 30% |
| Price per sq ft | $412 | $536 | 8% |
| Built year | 1955 | 1989 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 136 | 3% |
Jun 4, 2026
$899,900
Initial Listing
Nov 12, 2025
$487,500
Public Record