280 Spruce Street, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 2 bed, 2 bath
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Arroyo Grande, California 93420
This Condominium Asset represents a High-Potential Investment Opportunity, listed at $549,000—positioned well above the $486,783 Fair Market Value by 12%. While the property requires modernization due to its Condition Rating of 4, it offers a functional layout with an attached 2-car garage and private patio. Located in a prime Central Coast area, the home provides a stable foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 Spruce Street Subject | $544,000* List Price | 2 | 2 | 1,100 | $454 | - |
A 1165 Maple E Sold | $515,000 | 2 | 2 | 1,090 | $472 | 0.3 mi |
B 289 Hillcrest Sold | $510,000 | 2 | 2 | 1,097 | $465 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this 42-year-old property is dated and maintains many original features. While it has received surface-level updates like new carpet, fresh paint, and a newer stainless steel range, the kitchen and bathrooms feature original 1980s tile, cabinetry, and gold-framed fixtures that require modernization. The exterior shows some age-related wear, but the unit remains functional and move-in ready.
Situated 'West of 101' in Arroyo Grande, this property offers highly desirable access to local amenities, beaches, and the relaxed lifestyle of California's Central Coast.
The home features excellent flow with a private backyard patio off the living room and a dedicated balcony off the primary suite, maximizing the usable living space.
The layout provides a clear separation between living and sleeping areas, complemented by the rare convenience of an attached two-car garage for a condominium.
Built in 1982 and featuring carpeted living areas, the interior may require cosmetic updates or renovations to meet the aesthetic preferences of modern buyers.
With 1,100 square feet of living space and a very limited lot size, the property may feel restrictive for those seeking larger rooms or significant private yard space.
A comfortable layout, outdoor space, and a desirable Central Coast location come together at this Arroyo Grande residence. It offers 2 bedrooms, 2 bathrooms, and an attached 2-car garage. With over 1,100 square feet of living space, the home features a functional floor plan with all bedrooms located upstairs for added separation from the main living areas. The living room welcomes you with high ceilings, carpet flooring, a fireplace, and a large window that brings in natural light. A sliding glass door provides direct access to the backyard and patio area, creating an easy transition between indoor and outdoor living. The kitchen is thoughtfully arranged to support daily routines and connection within the home. Upstairs, the primary bedroom features large wall mirrors and a new sliding glass door leading to a stucco balcony. The bathroom includes dual sinks for added convenience. Located in Arroyo Grande on California’s Central Coast, this home offers convenient access to the area's amenities and attractions.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,100 | 1,081.5 |
| Lot Size | 1,155 | 1,081.5 |
| Price | $544.0K | $525.4K |
| Price per sq ft | $495 | $480 |
| Built year | 1982 | 1982 |
| HOA | $225.0 | $285 |
| Days on market | 47 | 67 |
Jul 16, 2026
$544,000
$549,000
-1% Price Drop
Initial Listing
Jun 5, 2026
$549,000
Initial Listing
Aug 30, 2024
$502,000
Public Record
Apr 3, 2001
$180,000
Public Record