1234 Seabright, Grover Beach, California 93433, Grover Beach, 93433 - 0 bed, 0 bath
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Grover Beach, California 93433
This Turnkey Residential Income Triplex represents a Strong Value Opportunity, listed at $1,275,000—positioned well below the $1,383,568 Fair Market Value by 7%. This valuation gap offers $108,568 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the property features extensive infrastructure upgrades including PEX plumbing, a full copper rewire, and a 50-year roof. These capital improvements ensure low-maintenance operations and strong rental upside in a prime coastal market. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1234 Seabright Subject | $1,250,000* List Price | 0 | 0 | 2,632 | $475 | - |
A 590 S 6th Active | $1,394,000 List Price | 0 | 0 | 2,503 | $557 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with extensive renovations completed approximately seven years ago. It features remodeled kitchens, updated tile flooring, and significant infrastructure upgrades including a full electrical rewire to copper, PEX plumbing, and a 50-year roof. While the original structure dates to 1972, the comprehensive modernization of major systems and interiors aligns with the 'good' criteria.
The property features significant capital improvements including a full electrical rewire to copper, PEX plumbing, and a 50-year roof, minimizing future maintenance expenses for investors.
All three units have been updated with tile flooring, remodeled kitchens, and removed popcorn ceilings, offering a clean and contemporary aesthetic that appeals to high-quality tenants.
Located in a desirable coastal area, this triplex offers a rare combination of major system reliability and rental upside, making it a low-maintenance asset with excellent long-term value.
Despite its coastal Grover Beach location, the property offers no views, which may limit its ability to command the premium rents often associated with beachside real estate.
While the units are remodeled, the kitchen renovations are approximately seven years old, which may require cosmetic refreshing to remain competitive with newer luxury rentals in the market.
Exceptional investment opportunity in the heart of Grover Beach. This extensively renovated triplex offers true pride of ownership with major system upgrades, modernized interiors, and strong income potential. All three units feature remodeled kitchens with newer cabinetry installed approximately seven years ago, updated with added can lighting, ceiling fans, tile flooring throughout, removed popcorn ceilings and retexturing on all drywall surfaces. Windows were replaced with insulated glass for improved energy efficiency and comfort. The property has undergone comprehensive infrastructure improvements, including a full electrical rewire with new copper wiring throughout (replacing all aluminum wiring), new outlets and switches, and permitted electrical upgrades signed off by the City of Grover Beach. Plumbing has been completely replaced with PEX piping, including new supply lines, angle stops, pressure regulators, and individual shut-off valves for each unit. Water heaters have been replaced for each unit with temperature and pressure regulators. The roof was fully replaced with a permitted 50-year roof after removal of all prior roofing materials. Exterior enhancements include refreshed landscaping with tree removal and new planting, as well as exterior painting. The exterior has 220V electrical accessible in the rear for convenient laundry capability. With major capital improvements already completed and permits finalized with the City, this property offers a rare opportunity for investors seeking a low-maintenance asset with strong rental upside in a desirable coastal location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,632 | 1,620 | 67% |
| Lot Size | 7,500 | 7,500 | 50% |
| Price | $1.25M | $800.0K | 67% |
| Price per sq ft | $475 | $494 | 33% |
| Built year | 1972 | 1975 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 219 | 33% |
Jun 12, 2026
$1,250,000
$1,275,000
-2% Price Drop
Initial Listing
Mar 4, 2026
$1,275,000
Initial Listing
Mar 9, 2016
$515,000
Public Record
Jan 23, 1996
$180,000
Public Record