245 Walnut Street, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 4 bed, 3 bath
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Arroyo Grande, California 93420
This Versatile Single-Family Residence represents a Strong Value Opportunity, listed at $1,199,000—positioned well above the $1,136,054 Fair Market Value by 5%. While priced slightly above market, the property offers significant utility through its Detached ADU and 1/3-acre lot, providing rare income potential or multi-generational living space. Featuring an Owned Solar System, Central HVAC, and a Condition Rating of 3, the home is move-in ready. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused asset in the Lucia Mar Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 Walnut Street Subject | $1,199,000* List Price | 4 | 3 | 2,062 | $551 | - |
A 245 Robles Sold | $1,070,000 | 3 | 3 | 1,961 | $546 | 0.8 mi |
B 1566 Hillcrest Sold | $1,025,000 | 4 | 2 | 2,125 | $482 | 1.0 mi |
C 403 Beech Sold | $1,100,000 | 4 | 3 | 2,496 | $441 | 0.3 mi |
D 612 Gaynfair Active | $879,000 List Price | 3 | 2 | 1,700 | $517 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1973, the property has been well-maintained with significant updates including a functional kitchen with stainless steel appliances, updated flooring, and modern systems such as owned solar and central HVAC. The interior finishes appear to be from a 5-15 year old renovation, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13420, living area = 2062.
The property features a versatile detached ADU with its own bathroom, walk-in closet, and pantry, offering significant value for multi-generational living or potential rental income.
Situated on a 1/3-acre lot, the expansive backyard includes a built-in BBQ and ample space for gardening, providing a private sanctuary rarely found at this price point.
With 221 days on the market and multiple price reductions, the property may carry a market stigma that requires aggressive positioning to overcome.
Built in 1973, the residence may require more frequent maintenance or updates to older infrastructure compared to newer builds in the Arroyo Grande area.
Experience the best of Central Coast living in this Arroyo Grande gem, where comfort, style, and opportunity come together. Situated on a generous 1/3 acre lot, this single level 3 bedroom, 2 bath residence is complemented by a versatile detached ADU with its own bath, walk-in closet, and pantry, offering space for extended family, guests, or rental income. Inside, the home welcomes you with abundant natural light, updated flooring, and an inviting layout. The kitchen is both functional and stylish, featuring stainless steel appliances, plentiful counter space, and a breakfast bar that opens to the dining and living areas, perfect for everyday living and entertaining alike. The private primary suite is a true retreat, complete with a full bath, an impressive 12x12 walk-in closet, and direct access to the expansive backyard. Outdoors, enjoy your own sanctuary with a built-in BBQ, ample room for gardening, and space to gather under the California sun. Modern amenities include an owned solar system for energy savings and central heating and A/C for year-round comfort. All of this just moments from the Village of Arroyo Grande, the beaches of Pismo, and the renowned Edna Valley wine country, with easy access to Highway 101. This property offers not just a home, but a lifestyle versatile, efficient, and perfectly placed on the Central Coast.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,062 | 2,215.5 | 46% |
| Lot Size | 13,420 | 13,560 | 50% |
| Price | $1.20M | $1.17M | 53% |
| Price per sq ft | $581 | $536 | 58% |
| Built year | 1973 | 1989 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 243 | 133 | 81% |
May 23, 2026
$1,199,000
$1,275,000
-6% Price Drop
Initial Listing
Mar 27, 2026
$1,275,000
$1,350,000
-6% Price Drop
Initial Listing
Oct 14, 2025
$1,350,000
Initial Listing
Mar 15, 2013
$360,000
Public Record