192 N 7th, 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 $1,200,000—positioned well above the $981,283 Fair Market Value by -22%. Featuring a Fair Condition Rating and R3 Zoning on a 10,600 sq ft corner lot, the asset offers significant redevelopment potential for up to 16 units. While the existing structures provide immediate rental income, the primary value lies in the land utilization. This is a strategic acquisition ideal for Buy-and-Hold Investors or Real Estate Developers targeting high-density coastal projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 192 N 7th Subject | $1,200,000* List Price | 0 | 0 | 1,700 | $577 | - |
A 555 Newport Avenue Sold | $880,000 | 3 | 2 | 1,430 | $615 | 0.3 mi |
B 1135 Saratoga Avenue Sold | $1,150,000 | 3 | 2 | 2,088 | $551 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951, the property is over 70 years old with only minor cosmetic updates (paint and flooring). The kitchen features dated cabinetry, old appliances, and a fluorescent light box, indicating original or very old systems. The listing's emphasis on high-density redevelopment potential (8-16 units) confirms the structures require total rehab or removal.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10600, living area = 1700.
Zoned R3 on a large 10,600 sq ft corner lot, this property offers exceptional upside with the potential to develop up to 8 standard homes or 16 small units per city guidelines.
The property features two existing homes with an estimated monthly rental income of $4,450, providing immediate returns while navigating the planning or permitting process.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 852.
With the original structures dating back to 1951, the property may require significant long-term maintenance or system upgrades despite recent cosmetic improvements like paint and flooring.
The presence of existing renters and the 'do not disturb' requirement may complicate the showing process and delay immediate possession for owner-occupants.
Take a look at these 2 homes on a 10,600 sq ft. R3 corner ocean view lot. Plenty of room for 2 households. Please do not disturb renters. Homes are located close to Grand Ave Corridor. Shops, restaurants, bus stops, gas stations, beach, and parks nearby. Both homes have new flooring and have been recently painted. Check with city as to potential building (possibility of 8 new homes) or (possibility of 16 small homes). Current income is estimated at $4,450.00.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 1,700 | 1,424 | 74% |
| Lot Size | 10,600 | 5,000 | 96% |
| Price | $1.20M | $830.0K | 89% |
| Price per sq ft | $706 | $585 | 83% |
| Built year | 1951 | 1983 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 105 | 8% |
Jun 3, 2026
$1,200,000
Initial Listing