
Arroyo Grande, California 93420
Rare real estate opportunity on the Central Coast! Nestled on a spacious, private 1-acre lot in Arroyo Grande, this unique two-home property is the ultimate setup for multi-generational living or immediate rental income. Main Home: Features a highly functional layout including 3 traditional bedrooms, 2 bathrooms, a dedicated home office with custom built-ins, and game/pool room highlighted with a bistro alcove and independent exterior access. One bathroom features a premium walk-in tub, making it ideal for senior accessibility. Second Home: A fully permitted, independent standalone residence offering over 1,150 sq. Ft. of comfortable living space. It features 2 bedrooms, 1 bathroom, its own dedicated carport, and an in-unit laundry room, and a completely private, fully fenced yard. Perfect for tenant rental income or extended family. Other features include: 1. Completely owned free and clear solar system, offering massive, permanent relief from high PG&E utility bills for main house. 2. The Workshop: A dream setup for hobbyists, tradespeople, or car enthusiasts featuring a heavy-duty shop with a poured concrete floor. 3. Vehicle & Toy Storage: Unmatched parking options including a specialized RV carport, a traditional 2-car garage, and an additional 2-car carport-comfortably protecting 8+ vehicles undercover. 4. Reliable private well water and propane supply the property. Each with their own septic tank. Both homes enjoy completely separate, independently fenced yards maximizing privacy on a beautifully laid-out acre.
Property is moderate renovation needed.
Built in 1960, the property is well-maintained but significantly dated, featuring extensive wood paneling and older cabinetry consistent with a 20-30+ year old renovation style. While functional with some modern additions like solar and granite countertops, the overall aesthetic and aging systems require updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2769.
The property features a fully permitted 1,150 sq. ft. second home with its own yard and laundry, offering immediate rental income or a perfect setup for multi-generational living.
An owned solar system provides massive utility savings, complemented by a private well and independent septic systems for both residences, ensuring lower monthly overhead.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2769, other record living area = 828. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
Originally built in 1960, the property may require modern aesthetic updates or system upgrades to meet contemporary energy efficiency and design standards.
Managing two separate dwellings, two septic systems, and a full acre of land demands significant ongoing time and financial commitment for upkeep.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.5 |
| Baths | 4.0 | 2.8 |
| Square foot | 2,769 | 2,290.855 |
| Lot Size | 43,560 | 17,332.316 |
| Price | $1.30M | $1.21M |
| Price per sq ft | $469 | $575 |
| Built year | 1960 | 1994 |
| HOA | $0 | $155 |
| Days on market | 17 | 46 |
Oct 7, 2026
$1,300,000
Initial Listing
Mar 1, 1995
$81,500
Public Record