350 Walnut, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 3 bed, 2 bath
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350 Walnut
Arroyo Grande, California 93420
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,857Sq Ft
9,869Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$906,569
4% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $949,000—positioned above the $906,570 Fair Market Value by 4%. While the property requires modernization, its Condition Rating of 4 and Dual Garage Versatility provide a clear path for value-add renovations. The expansive 9,869 sq. ft. lot and Santa Maria-style barbecue offer significant lifestyle appeal. This asset is well-suited for Buy-and-Hold Investors seeking rental upside or Owner-Occupants looking to build equity through strategic cosmetic updates in the Lucia Mar Unified district.
Estimated Market Value
$906,569
Based on Realkey algorithm analyzing recent comparable sales in Arroyo Grande.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 350 Walnut Subject 3 bd · 2 ba · 1,857 sqft · $488 | $949,000* List Price | 3 | 2 | 1,857 | $488 | - |
A 444 Walnut Sold 3 bd · 2 ba · 1,352 sqft · $658 · 0.2 mi | $889,000 | 3 | 2 | 1,352 | $658 | 0.2 mi |
B 612 Gaynfair Sold 3 bd · 2 ba · 1,700 sqft · $494 · 0.4 mi | $839,000 | 3 | 2 | 1,700 | $494 | 0.4 mi |
C 1015 Sycamore Sold 3 bd · 2 ba · 1,515 sqft · $574 · 0.4 mi | $870,000 | 3 | 2 | 1,515 | $574 | 0.4 mi |
D 1038 Fair Oaks Avenue Sold 3 bd · 2 ba · 1,391 sqft · $618 · 0.1 mi | $860,000 | 3 | 2 | 1,391 | $618 | 0.1 mi |
E 875 Olive Street Sold 3 bd · 2 ba · 1,587 sqft · $592 · 0.4 mi | $940,190 | 3 | 2 | 1,587 | $592 | 0.4 mi |
F 1176 Maple Street Sold 3 bd · 2 ba · 1,303 sqft · $583 · 0.3 mi | $760,000 | 3 | 2 | 1,303 | $583 | 0.3 mi |
G 634 S Halcyon Sold 3 bd · 2 ba · 1,394 sqft · $552 · 0.5 mi | $770,000 | 3 | 2 | 1,394 | $552 | 0.5 mi |
H 281 Chelsea Court Sold 3 bd · 2 ba · 1,820 sqft · $535 · 0.8 mi | $973,000 | 3 | 2 | 1,820 | $535 | 0.8 mi |
I 1044 Fair Oaks Avenue Active 3 bd · 2 ba · 1,585 sqft · $560 · 0.1 mi | $887,000 List Price | 3 | 2 | 1,585 | $560 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1951, the home is well-maintained but dated. While the kitchen has granite countertops, the cabinetry, fluorescent lighting, and overall aesthetic are over 20 years old. The hardwood floors are in good condition, but the property requires cosmetic updates and modernization of systems to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9869, living area = 1857.
- Dual Garage Versatility
The property features two separate one-car garages—one attached and one at the rear—providing rare flexibility for a workshop, hobby space, or potential ADU conversion.
- Expansive Lot & Outdoor Living
Situated on a generous 9,869 sq. ft. lot, the home includes a Santa Maria-style BBQ and an enclosed backyard, offering a quintessential Central Coast space for entertaining.
CONSRISKS & DEFICIENCIES
- Modernization Needs
The interior is described as an opportunity to personalize, indicating that buyers may need to budget for cosmetic updates to bring the 1950s finishes up to contemporary standards.
- Vintage Infrastructure
Due to the home's age, original systems such as plumbing, electrical, or insulation may require inspection and potential upgrades to ensure modern efficiency and safety.
About 350 Walnut
Welcome to 350 Walnut St. in Arroyo Grande! This charming single-story home, built in 1951, offers 3 bedrooms, 2 bathrooms, and approximately 1,857 sq. ft. of living space on a generous 9,869 sq. ft. lot. The home features a comfortable traditional floor plan with hardwood flooring in the living area and two bedrooms. The kitchen offers granite countertops and plenty of opportunity to personalize the space while retaining the home's classic character. Outside, the property offers a large front yard with mature landscaping and an enclosed backyard ideal for relaxing or entertaining. A Santa Maria-style barbecue adds a great Central Coast touch for gatherings with family and friends. Another unique feature are the two one-car garages one attached located at the front of the property and an additional garage at the rear, offering extra parking, storage, workshop, or hobby space. With its spacious lot, single-level living, classic 1950s character, hardwood floors, and versatile outdoor areas, 350 Walnut St. offers a wonderful opportunity to make this longtime Arroyo Grande home your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 9,869 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,857 | 2,290.855 |
| Lot Size | 9,869 | 17,332.316 |
| Price | $949.0K | $1.21M |
| Price per sq ft | $511 | $575 |
| Built year | 1951 | 1994 |
| HOA | $0 | $155 |
| Days on market | 9 | 46 |
Pricing History
Listed for Sale
Oct 15, 2026
$949,000
Initial Listing