
Nipomo, California 93444
This Versatile Dual-Residence Estate is a Prime Investment Opportunity, listed at $1,249,000—positioned well below the $1,289,696 Fair Market Value by 3%. This valuation gap provides $40,696 in Instant Equity. The property boasts a Mint Condition Rating, featuring a renovated main home and a 2024 Permitted ADU on a flat 1.21-acre lot. Located in the Lucia Mar Unified district, the infrastructure includes dual septic systems and RV hookups. This is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking immediate rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 N Las Flores Subject | $1,195,000* List Price | 4 | 3 | 2,320 | $538 | - |
A 243 Ruby Lane Sold | $1,400,000 | 4 | 3 | 2,541 | $551 | 0.7 mi |
B 340 N Las Flores Drive Sold | $1,400,000 | 4 | 3 | 3,245 | $431 | 0.1 mi |
C 1431 La Loma Sold | $1,075,000 | 3 | 2 | 1,616 | $665 | 0.5 mi |
D 120 N Las Flores Drive Sold | $1,399,000 | 3 | 3 | 2,657 | $527 | 0.2 mi |
E 435 Eucalyptus Road Active Under Contract | $1,149,000 List Price | 5 | 3 | 2,280 | $504 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the main structure dates to 1976, the property has undergone extensive recent renovations and includes a brand-new ADU permitted in 2024. The main house features a modern kitchen with granite countertops and stainless appliances, plus updated bathrooms with quartz surfaces. The 2024 ADU provides new HVAC, a new roof, and instant hot water systems, placing the overall property in mint, move-in-ready condition with recent major system upgrades.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52272, living area = 2320.
The property features a newly permitted (2024) detached ADU with its own private yard, HVAC, and separate utilities, providing an immediate opportunity for rental income or multi-generational living.
Equipped with two separate septic systems, two electrical panels, two driveways, and dual RV hookups, the property offers rare logistical flexibility and capacity for expansion or heavy equipment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2320, other record living area = 1828. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1976, the main residence may require additional capital investment for cosmetic updates or system modernizations to align with the contemporary standards of the newly renovated ADU.
The premium price point reflects the specialized dual-home setup and infrastructure, which may limit the buyer pool to those specifically requiring multi-unit capabilities rather than standard single-family residential buyers.
Welcome to 235 & 245 N. Las Flores, Nipomo. Endless opportunity meets comfort and charm on this versatile 1.21± acre property featuring two homes, two separate driveways, two electrical panels, two septic systems & room to grow. The main residence offers 3 bedrooms, 2 bathrooms, and approximately 1,895± square feet of single-level living designed for both everyday ease and effortless entertaining. A welcoming front yard sets the tone, ideal for gatherings, play, or simply enjoying the peaceful setting while the backyard is sunny and private, protected from the wind with great views. Inside, the home features an open floor plan with high ceilings, open beamed accents, and a decorative tiled fireplace that creates a warm focal point in the living room. Neutral tones & tile flooring flow throughout, while large doors lead to a bright sunroom complete w/ skylights—perfect for relaxing or extending your living space year-round. The kitchen is open & functional w/ white cabinetry, granite countertops, stainless steel appliances, & a walk-in pantry for added storage. A dining room with built-ins and a cozy breakfast nook offer multiple spaces to gather. The spacious primary suite serves as a private retreat with sliding glass doors to the backyard and primary bath featuring a walk-in shower and quartz countertops. The guest bathroom offers a tub/shower combination w/ quartz surfaces & decorative tile accents, blending style with functionality. Sliding doors open to a spacious patio and expansive backyard and 2 RV Hookups with 2 water faucets, 2 electrical outlet and 2 septic waste lines. This property is ready for your vision—whether it's animals, gardening, recreation, multi generational living or future improvements. The detached ADU adds flexibility and value, offering approximately 864 total square footage with 499± sf of living space including 1 bedroom and 1 full bathroom, living room plus storage and laundry area. Recently converted and permitted in 2024, it features a new roof, Renai instant hot water (worth $7K), luxury vinyl plank flooring, stucco, HVAC, drywall, bathroom tile, appliances , paint, fixtures and its own fully fenced private yard & covered patio—ideal for guests, extended family, or rental income. With two separate septic systems, two driveways, and ample usable land, this property presents endless possibilities—bring your horses, 4H animals, or explore additional expansion potential. A rare blend of space, functionality, and opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,320 | 2,081.5 | 57% |
| Lot Size | 52,272 | 9,600 | 96% |
| Price | $1.20M | $1.11M | 56% |
| Price per sq ft | $515 | $534 | 46% |
| Built year | 1976 | 2002 | 7% |
| HOA | $0 | $46 | 50% |
| Days on market | 46 | 129 | 7% |
May 31, 2026
$1,195,000
$1,249,000
-4% Price Drop
Initial Listing
Apr 29, 2026
$1,249,000
Initial Listing
Nov 5, 2021
$925,000
Public Record
Nov 21, 2018
$675,000
Public Record