1136 E Grand, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 4 bed, 3 bath
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1136 E Grand
Arroyo Grande, California 93420
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,288Sq Ft
40,127Lot Size
Property Price
LIST PRICE$1,650,000
EST. MARKET VALUE
$1,529,765
7% AboveMARKET VALUE
SUMMARY
FULL_VERSION
This Hybrid Residential Asset represents a High-Potential Investment Opportunity, listed at $1,725,000—positioned above the $1,638,747 Fair Market Value. Despite the premium, the property features a Mint Condition Rating and a rare, Transferable Vacation Rental License in a restricted market. With a massive 40,127 sqft lot and prior entitlements for 24 condos, the site offers significant long-term development upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with immediate income-generating potential and future density expansion capabilities.
SEO VERSION
Rare Arroyo Grande property with transferable vacation rental license and development potential for 24 condos. Turnkey 4-bed home on nearly an acre. Invest now.
Estimated Market Value
$1,529,765
Based on Realkey algorithm analyzing recent comparable sales in Arroyo Grande.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1136 E Grand Subject | $1,650,000* List Price | 4 | 3 | 2,288 | $669 | - |
A 545 Dos Cerros Corte Sold | $1,850,000 | 4 | 3 | 2,758 | $671 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1945, the property has been recently renovated within the last 5 years. The interior features a modern kitchen with new cabinetry, quartz countertops, and updated hexagon tile flooring. The living spaces show refinished hardwoods, fresh paint, and updated lighting/HVAC vents, while the exterior boasts a high-end paver driveway and power gates, placing it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40127, living area = 2288.
- Transferable Vacation Rental License
The property holds one of only 90 transferable vacation rental licenses in Arroyo Grande, providing a rare and immediate income-generating opportunity in a highly restricted market.
- Significant Development Potential
Situated on nearly an acre, the property was previously entitled for 24 condos and two commercial units, offering massive upside for investors looking to capitalize on high-density development.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2026-06-19. The sold price is $349,000.00.
- Vintage Infrastructure
Despite recent renovations, the original structure dates back to 1945, which may present ongoing maintenance challenges or hidden costs associated with older plumbing and electrical systems.
About 1136 E Grand
Welcome to the Grand Escape, set on nearly an acre in the heart of Arroyo Grande, this recently renovated home has 1 of only 90 vacation rental licenses permitted in the city and is transferable to the new owner. Automatic sliding power gates provide security and convenience with a horseshoe-paver driveway providing plenty of room to park. There is access off Linda drive if one has RV’s, boats or other large toys. Conveniently located minutes away from both the Pismo Dunes and Historic Village of AG. A versatile (ADU) adds space for guests, extended stays, or rental income. Property has genuine development potential and was previously entitled to build twenty-four (24) 2-bedroom condos and two (2) commercial units. This is a rare opportunity for an owner-occupant or investor alike.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 40,127 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,288 | 2,331.603 |
| Lot Size | 40,127 | 18,472.583 |
| Price | $1.65M | $1.18M |
| Price per sq ft | $721 | $566 |
| Built year | 1945 | 1994 |
| HOA | $0 | $161 |
| Days on market | 35 | 46 |
Pricing History
Listed for Sale
Sep 8, 2026
$1,650,000
$1,725,000
-4% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,725,000
Initial Listing
Sold
Jun 19, 2026
$349,000
Public Record
Sold
Oct 2, 2017
$194,500
Public Record
Sold
Sep 24, 2004
$610,000
Public Record
Sold
Apr 26, 2002
$525,000
Public Record