414 E Grand, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 1 bed, 1 bath
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Arroyo Grande, California 93420
This Mixed-Use Redevelopment Site represents a Strong Value Opportunity with a List Price of $449,000—positioned well below the $492,674 Fair Market Value by 8%. This valuation gap secures $43,674 in Instant Equity for the incoming buyer. While the 1936 structure carries a Condition Rating of 5, the 0.15-acre lot on the high-traffic Grand Avenue corridor offers immense upside through commercial or residential expansion. With flexible zoning and interim rental income, this asset is perfectly suited for Developers or Visionary Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 414 E Grand Subject | $449,000* List Price | 1 | 1 | 592 | $832 | - |
A 411 Cornwall Sold | $509,000 | 2 | 1 | 720 | $707 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1936, this small 592 sqft residence is extremely dated with functionally obsolete kitchen and bathroom fixtures. While the listing suggests interim rental income is possible, the property is primarily marketed for its land value and redevelopment potential, indicating the existing structure requires substantial rehabilitation or removal to meet modern quality standards.
Situated on Grand Avenue, the primary artery connecting Arroyo Grande to the coast, the property offers high visibility and significant traffic counts essential for commercial success.
The mixed-use commercial zoning provides exceptional redevelopment potential, allowing for a wide range of possibilities including residential, commercial, or live-work concepts.
The existing one-bedroom residence allows for immediate rental income, providing interim cash flow for investors while they navigate the planning and permitting process for future development.
The property was recently sold within the past year on 2026-02-03. The sold price is $485,000.00.
Built in 1936, the existing 592-square-foot structure is small and dated, likely requiring substantial renovation or removal to realize the site's highest and best use.
Maximizing the property's potential requires navigating city planning and verification of development opportunities, which involves additional time, costs, and regulatory hurdles.
Positioned in the heart of Arroyo Grande’s vibrant trade corridor, this rare mixed-use property offers both immediate income and exceptional future development potential. Situated on a 0.15-acre lot along Grand Avenue—the primary artery connecting Arroyo Grande, Grover Beach, and the Pacific Ocean—the site features an existing one-bedroom, one-bath residence located toward the front of the parcel, allowing space for approximately eight on-site parking spaces. Mixed-use commercial zoning provides a wide range of possibilities for redevelopment, expansion, or live-work concepts. Just moments away, the charming Village of Arroyo Grande offers popular restaurants, boutique shopping, and a strong sense of community, further enhancing the property’s long-term value. According to City Planning, the site is well-suited for mixed-use development, making this an outstanding opportunity for investors, developers, or visionaries looking to capitalize on location, zoning flexibility, and future upside—while benefiting from rental income in the interim. Buyers are advised to verify all potential uses and development opportunities with the City of Arroyo Grande.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 592 | 596 | 33% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $449.0K | $485.0K | 33% |
| Price per sq ft | $758 | $758 | 50% |
| Built year | 1936 | 1936 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 195 | 33% |
Mar 12, 2026
$449,000
$495,000
-9% Price Drop
Initial Listing
Feb 25, 2026
$495,000
Initial Listing
Feb 3, 2026
$485,000
Public Record