261 N 13th, Grover Beach, California 93433, Grover Beach, 93433 - 4 bed, 3 bath
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Grover Beach, California 93433
This Turnkey Coastal Duplex is listed at $995,000, reflecting its premium R2 Zoning and significant development upside in Grover Beach. While the Fair Market Value is $870,523, the property’s Excellent Condition Rating and extensive modern renovations—including a newer roof and central HVAC—ensure immediate rental stability. Situated in the Lucia Mar Unified district minutes from the coast, the lot features a private patio and an undeveloped portion for future ADU expansion. This is a strategic, high-utility asset for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle with long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 N 13th Subject | $995,000* List Price | 4 | 3 | 1,476 | $590 | - |
A 866 Brighton Ave Sold | $823,000 | 0 | 0 | 1,600 | $514 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone an extensive recent renovation within the last 5 years. The interiors are turnkey and fully modernized, featuring luxury vinyl plank flooring, recessed lighting, and updated dual-pane windows. The kitchens are equipped with contemporary shaker-style cabinetry, stainless steel appliances, and stone countertops, while the bathrooms show modern tiling and fixtures. With a newer roof and central HVAC system, the property meets high quality standards with no visible deferred maintenance.
The property is situated in a Medium Density Residential (R2) zone with an undeveloped portion of the lot, offering significant upside for multi-unit expansion or ADU additions.
The existing duplex is fully furnished and features essential modern upgrades, including a newer roof, central HVAC, and dual-pane windows, ensuring immediate rental income.
Located just minutes from the beach, local dining, and shopping, the property benefits from high demand driven by its desirable Grover Beach lifestyle and easy highway access.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Originally built in 1949, the property may require more frequent long-term maintenance and structural oversight compared to newer builds, despite recent updates.
With a total of 1,476 square feet divided between two units, the living spaces are relatively small, which may limit the rental price ceiling for tenants seeking more spacious accommodations.
Exceptional investment and future development opportunity in the heart of Grover Beach. Situated in the desirable Medium Density Residential (R2) zone, this duplex offers immediate rental income potential with long-term potential for redevelopment. The existing duplex comes fully furnished and turnkey. One unit is 2 bedroom with 1 bathroom and the other is 2 bedroom with 2 bathrooms. Located just minutes from the beach, shopping, restaurants, and easy highway access, this property combines coastal lifestyle with smart investment potential. The duplex features a newer roof, central heat and air, dual pane windows, private yard areas for each unit. This unique property features two addresses and includes an undeveloped portion of the lot, creating flexibility for future multi-unit possibilities (subject to City approval). Under current R2 zoning standards, the site may allow for multiple residential units, including the potential for standard density or fractional density units (600 sq. ft. or smaller), plus possible ADU opportunities. Buyers are encouraged to verify and seek more information on development standards with the City of Grover Beach. In the meantime, the existing improvements provide a strong opportunity to generate rental income while pursuing development plans and permits. Whether you are an investor seeking cash flow, a builder looking for your next project, or a buyer wanting to secure a coastal property with future potential, this property checks multiple boxes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,476 | 1,620 | 20% |
| Lot Size | 5,850 | 5,875 | 40% |
| Price | $995.0K | $823.0K | 80% |
| Price per sq ft | $674 | $499 | 80% |
| Built year | 1949 | 1975 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 166 | 20% |
Mar 5, 2026
$995,000
Initial Listing
Jun 21, 2024
$888,000
Public Record
Jan 28, 2021
$692,000
Public Record
Apr 1, 2003
$369,500
Public Record