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

120 Esparto, Pismo Beach, California 93449 home-pic-0

120 Esparto

Pismo Beach, California 93449

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,828Sq Ft
2,700Lot Size

Property Price

LIST PRICE$1,645,000
EST. MARKET VALUE
$1,718,437
4% BelowMARKET VALUE

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

$1,718,437 +$73,437 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Pismo Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
120 Esparto
Subject
$1,645,000*
List Price
331,828$940-
A
215 Placentia
Active
$1,749,000
List Price
341,581$1,1060.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

7/10

Judkins Middle School

Grades 7-8 • 2.0 mi

5/10

Arroyo Grande High School

Grades 8-12 • 6.1 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,8281,842
50%
Lot Size2,7005,727.5
8%
Price$1.65M$1.45M
53%
Price per sq ft$900$788
66%
Built year19521986
21%
HOA$0$0
50%
Days on market57205
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

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