120 Esparto, Pismo Beach, California 93449, Pismo Beach, 93449 - 3 bed, 3 bath

120 Esparto
Pismo Beach, California 93449
Property Price
SUMMARY
Analysis of 120 Esparto, Pismo Beach, California 93449 reveals a Prime Investment Opportunity with a current list price of $1,645,000—significantly undercutting the $1,718,437 Fair Market Value by 4%. This valuation gap indicates a +$73,437 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pismo Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Esparto Subject | $1,645,000* List Price | 3 | 3 | 1,828 | $940 | - |
A 215 Placentia Active | $1,749,000 List Price | 3 | 4 | 1,581 | $1,106 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel, effectively neutralizing its 1952 build date. It features fully updated major systems including HVAC, plumbing, electrical, and a newer roof. The interior boasts high-end modern finishes such as quartz countertops, a contemporary open-concept kitchen, and premium energy upgrades like owned solar with Tesla Powerwalls, meeting the highest standards for move-in ready luxury.
PROSSTRENGTHS & OPPORTUNITIES
- Sustainable Energy Systems
The property features owned solar panels and a Tesla backup battery system with two Powerwalls, offering significant energy efficiency and eliminating current electrical bills.
- Comprehensive Modernization
Recently fully remodeled, the home includes updated plumbing, electrical, HVAC, and a newer roof, providing peace of mind and reducing immediate maintenance costs for the buyer.
- Prime Coastal Layout
Located in the prestigious Shell Beach enclave, the home offers a highly desirable single-level primary living experience with an open-concept design and a main-floor primary suite.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
At only 2,700 square feet, the lot is relatively compact, which may limit outdoor recreational space and privacy compared to other luxury coastal properties.
- Premium Pricing
With a list price of $1.645M for a 1,828 square foot home on a small lot, the property carries a high price-per-square-foot that may challenge appraisal values in a shifting market.
About 120 Esparto
You won’t want to miss this stunning Shell Beach 3 bedroom, 3 full bath home, thoughtfully reimagined and impeccably maintained in one of the Central Coast’s most sought-after coastal enclaves. An inviting front patio welcomes you into a home that effortlessly blends relaxed beachside living with modern sophistication. Designed for easy living, the residence offers a highly desirable single-level primary living experience, featuring an open-concept kitchen and living area filled with natural light and a timeless coastal aesthetic. The main-level primary suite serves as a peaceful retreat, soaking tub with separate shower, complete with a glass slider opening to the backyard—perfect for enjoying fresh ocean air and seamless indoor-outdoor living. The first floor also includes a secondary full bathroom, dining area, spacious laundry room, and direct garage access. Upstairs, two generously sized bedrooms with expansive closets share a full bath and enjoy direct access to a private deck—an ideal setting to relax, unwind, and take in the coastal breeze. Recently fully remodeled and maintained impeccably, the home features updated plumbing, electrical, HVAC, roof, flooring, carpeting, and quartz countertops. Recent enhancements include owned solar and Tesla backup battery systems with 2 power walls, offering energy efficiency, sustainability, and peace of mind with no current electrical bill. This exceptional property captures the essence of refined coastal living in Shell Beach—where style, comfort, and location come together beautifully.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 2,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Pismo Beach Unified Schools
Shell Beach Elementary School
Grades K-6 • 0.4 mi
Judkins Middle School
Grades 7-8 • 2.0 mi
Arroyo Grande High School
Grades 8-12 • 6.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,828 | 1,842 | 50% |
| Lot Size | 2,700 | 5,727.5 | 8% |
| Price | $1.65M | $1.45M | 53% |
| Price per sq ft | $900 | $788 | 66% |
| Built year | 1952 | 1986 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 205 | 5% |
Pricing History
Listed for Sale
Jan 9, 2026
$1,645,000
Initial Listing
Sold
May 13, 2019
$1,062,000
Public Record
Sold
Dec 21, 2017
$752,000
Public Record
































