462 Camino Perillo, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 0 bed, 0 bath
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Arroyo Grande, California 93420
Analysis of 462 Camino Perillo, Arroyo Grande, California 93420 is currently available with a list price of $3,999,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Arroyo Grande Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property features a 1970 manufactured home that appears well-maintained but is significantly dated. The kitchen and bathrooms show older cabinetry, laminate countertops, and white appliances consistent with a home that has not undergone a major modern renovation in several decades. While the structure is functional and described as being in 'great condition' for its age, the interior finishes, flooring, and fixtures reflect a 50-year-old build that requires modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 425886112, living area = 1584.
The property features 10 acres of rare, flat, and usable land located just miles from the beach between Highway 101 and the PCH, offering exceptional development potential.
Fully off-grid with a monthly income from PG&E and an established wood-cutting business, this property provides unique utility independence and immediate cash flow.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =425886112, other record lot size in square feet = 425873.
The $3.99M list price is heavily weighted on land and business value, which may be a challenge for buyers looking for a traditional high-end residential structure rather than a 1970 manufactured home.
Built in 1970, the primary residence and various outbuildings may require significant capital investment to modernize systems and aesthetics to meet current luxury standards.
Approximately 10 acres of flat level useable property located a few miles from the beach between Pacific Coast Hwy and Hwy 101. Beautiful 2400 sq ft 4 bdr 2 full baths manufactured home is on a permanent foundation. Formal dining room, large working fireplace and many other energy saving features. All in great condition. This property is definitely one of a kind. Ranch is fully off the grid, money is paid monthly from PGE, wood cutting business and so much more. Several outbuildings, some with water, electric and bathrooms. Possible tiny home village or trailer Park and so much more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 3.0 | 1% |
| Square foot | 1,584 | 1,998 | 28% |
| Lot Size | 425,886,112 | 10,101 | 99% |
| Price | $4.00M | $1.15M | 99% |
| Price per sq ft | $2.5K | $541 | 99% |
| Built year | 1970 | 1990 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 287 | 181 | 85% |
Jul 9, 2025
$3,999,500
Initial Listing
May 16, 2014
$562,500
Public Record
Sep 12, 2008
$640,000
Public Record