172 N 13th Street, Grover Beach, California 93433, Grover Beach, 93433 - 0 bed, 0 bath
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Grover Beach, California 93433
This property presents a High-Potential Investment Opportunity with a List Price of $975,000—positioned above the $882,108 Fair Market Value. While currently a Fair Condition Rating duplex, the asset offers significant development upside with potential for 20 units and 55-foot height allowances. The Zoning Flexibility and coastal proximity provide a unique canvas for high-density residential projects. Given the development-focused nature of this acquisition, it is an ideal target for Real Estate Developers or Buy-and-Hold Investors seeking long-term growth in the Grover Beach market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 172 N 13th Street Subject | $975,000* List Price | 0 | 0 | 1,660 | $531 | - |
A 560 S 12th Street Sold | $800,000 | 0 | 0 | 1,620 | $494 | 0.4 mi |
B 560 S 12th Street Sold | $800,000 | 4 | 2 | 1,620 | $494 | 0.4 mi |
C 261 N 13th Active | $995,000 List Price | 0 | 0 | 1,476 | $674 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property shows signs of aging with a kitchen update that appears to be 20+ years old (oak cabinetry and laminate counters). While functional and currently rented, the interior features dated wall heaters and basic finishes. It is primarily marketed for its land development potential rather than its current structural state.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6228, other record lot size in square feet = 5850. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1660, other record living area = 1320.
Excellent development opportunity in fantastic Grover Beach corner location loaded with potential! Currently 2 existing units & garage close to the beach & shopping! Unit A is 4 bedrooms, 3 baths, updated kitchen & large laundry room, small yard & storage sheds in back. Unit B is a 1 bedroom, 1 bath approx. 340 sq ft super cute studio. Garage is separately rented. Solar energy system is leased (Solar City) and to be assumed by the Buyer. Per the City of Grover Beach, building potential can go up 55 feet with bottom floor parking (3 levels above parking / 4 levels total) and no setbacks required. Per the city of Grover Beach, potential of 20 units and city will allow each unit to be 590 sq ft max, City requires 1 parking space per unit on ground floor. Potential for ocean views from 2nd, 3rd & 4th floors plus roof top/patio. Buyer to conduct their own due diligence with the City of Grover Beach and County of San Luis Obispo regarding property uses, guidelines & qualifications. PLEASE DO NOT TRESSPASS ON PROPERTY OR DISTURB TENANTS! THANK YOU!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,660 | - |
| Lot Size | 6,228 | - |
| Price | $975.0K | $800.0K |
| Price per sq ft | $587 | $494 |
| Built year | 1954 | 0 |
| HOA | $0 | $0 |
| Days on market | 107 | 89 |
Apr 6, 2026
$975,000
Initial Listing
Mar 31, 2006
$504,000
Public Record
Dec 29, 1993
$115,000
Public Record