2465 Grand Avenue, LOS OLIVOS, CA 93441, LOS OLIVOS, 93441 - 4 bed, 2 bath
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LOS OLIVOS, CA 93441
Analysis of 2465 Grand Avenue, LOS OLIVOS, CA 93441 is currently available with a list price of $2,695,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the LOS OLIVOS Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property, built in 1967, is impeccably maintained but remains largely in its original condition. While it features newer windows and well-kept hardwood floors, the interior is dated with 1960s-style wood cabinetry in the kitchen, original tile and linoleum in the bathrooms, and popcorn ceilings throughout. It meets the 'fair' criteria as an aged home that has been preserved through regular upkeep but lacks modern renovations to its primary systems and aesthetic features.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 64904, living area = 1900.
The property includes three separate legal lots totaling 3.49 acres, offering a rare and significant opportunity for future development, expansion, or the creation of a multi-generational family compound.
Situated in the heart of Los Olivos, the property offers the perfect blend of downtown convenience near world-class wine tasting and dining with the prestige of the Los Olivos School District.
Built in 1967, the 1,900-square-foot home may require significant modernizing or a full renovation to align with contemporary luxury standards and the high price point.
At a $2.85M list price, the value is primarily in the land and development rights, which may deter buyers looking for a turnkey, move-in-ready estate without additional capital investment.
Three separate legal lots totaling 3.49± acres create a rare opportunity in the heart of Los Olivos, a town celebrated for its wine tasting, gourmet dining, and renowned hospitality. The premier upper parcel of approximately 1.49± acres features an impeccably maintained 1,900± sqft residence built in 1967 with four bedrooms and two bathrooms, newer windows, and a double-sided fireplace that connects the living room and family room. The family room opens to a back porch that is perfectly positioned to capture mountain views and is surrounded by usable land for future possibilities. Two additional parcels, each about one acre, extend the property's potential, with the lower parcel featuring an orchard along Grand Avenue. Located in the desirable Los Olivos School District, this property offers both the convenience of a downtown address and the tranquility of a rural setting.
No exterior & parking available.
No sensitive facilities data found.
May 2, 2026
$2,695,000
$2,850,000
-5% Price Drop
Initial Listing
Oct 4, 2025
$2,850,000
Initial Listing