
Grover Beach, California 93433
This property presents a High-Potential Investment Opportunity with a List Price of $779,000—positioned well above the $682,958 Fair Market Value by 14%. While the property requires capital investment due to its Condition Rating of 5, the 1,430-square-foot layout and prime coastal location near Pismo State Beach provide a solid foundation for value-add renovations. The home offers a functional 3-bedroom, 2-bath floor plan, making it an ideal project for Fix-and-Flip Investors or Contractors seeking to modernize an aging asset in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 542 Rockaway Avenue Subject 3 bd · 2 ba · 1,430 sqft · $471 | $749,000* List Price | 3 | 2 | 1,430 | $471 | - |
A 573 N 16th Sold 3 bd · 2 ba · 1,590 sqft · $476 · 0.9 mi | $757,000 | 3 | 2 | 1,590 | $476 | 0.9 mi |
B 1708 Manhattan Avenue Sold 3 bd · 3 ba · 1,587 sqft · $488 · 0.8 mi | $775,000 | 3 | 3 | 1,587 | $488 | 0.8 mi |
C 542 Manhattan Sold 2 bd · 1 ba · 910 sqft · $637 · 0.1 mi | $580,000 | 2 | 1 | 910 | $637 | 0.1 mi |
D 775 S. 6th Street Sold 3 bd · 3 ba · 1,831 sqft · $480 · 0.4 mi | $879,000 | 3 | 3 | 1,831 | $480 | 0.4 mi |
E 417 Saratoga Sold 4 bd · 2 ba · 1,819 sqft · $443 · 0.4 mi | $805,000 | 4 | 2 | 1,819 | $443 | 0.4 mi |
F 1595 Newport Sold 3 bd · 3 ba · 1,451 sqft · $596 · 0.8 mi | $865,000 | 3 | 3 | 1,451 | $596 | 0.8 mi |
G 581 Newport Active 3 bd · 3 ba · 1,500 sqft · $593 · 0.4 mi | $889,000 List Price | 3 | 3 | 1,500 | $593 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1988 (36 years old), the property exceeds the 30-year threshold for original condition. The kitchen and bathrooms feature original oak cabinetry and dated tile work, and the driveway shows significant cracking, indicating a need for comprehensive updates and potential rehab of aging systems.
Ideally situated near Pismo State Beach and the Monarch Butterfly Grove, providing residents with immediate access to world-class outdoor recreation and scenic Pacific sunsets.
The 1,430-square-foot layout offers a versatile 3-bedroom, 2-bath configuration that efficiently accommodates families, guests, or a dedicated home office space.
Located in the heart of Grover Beach, the property offers excellent connectivity to the Amtrak station, local wineries, and the vibrant dining and shopping districts of neighboring Pismo Beach.
Built in 1988 with no mention of recent upgrades, the interior may require capital investment for cosmetic or mechanical updates to meet contemporary market standards.
The compact 3,925-square-foot lot offers minimal yard area, which may be a drawback for buyers seeking expansive outdoor entertaining spaces or significant privacy buffers.
Welcome to 542 Rockaway Avenue, where relaxed Central Coast living meets the charm and convenience of Grover Beach! This inviting 3-bedroom, 2-bath home offers approximately 1,430 square feet of living space, an attached garage, and a fantastic location near some of the most desirable destinations along California’s beautiful Central Coast. Step inside and discover a comfortable, versatile floor plan with plenty of room for everyday living, entertaining, working from home, or welcoming family and guests. Built in 1988 and situated on an approximately 3,925-square-foot lot, this home offers a wonderful opportunity to enjoy the coastal lifestyle as a primary residence, weekend getaway, or Central Coast retreat. The location is where this property truly shines. Spend your days enjoying the sand and surf at nearby Pismo State Beach, where you can walk the shoreline, surf, swim, fish, explore coastal trails, or simply relax and take in a spectacular Pacific sunset. The famous Pismo State Beach Monarch Butterfly Grove, coastal dunes and scenic outdoor recreation are also nearby. Grover Beach puts you in the heart of the Five Cities area, with easy access to neighboring Pismo Beach, Arroyo Grande and Oceano. Enjoy local restaurants, coffee shops, shopping, wineries, golf, outdoor recreation and the lively atmosphere of downtown Pismo Beach and its iconic pier and boardwalk. For trips farther up and down the coast, the Grover Beach Amtrak station offers Pacific Surfliner service, adding another convenient transportation option. Whether you’re starting the morning with a walk near the coast, spending an afternoon exploring the dunes, meeting friends for dinner, or finishing the day watching the sun set over the Pacific, 542 Rockaway Avenue offers the opportunity to experience the laid-back lifestyle that makes California’s Central Coast so special. Come see what life in Grover Beach is all about and make 542 Rockaway Avenue your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,430 | 1,503.647 |
| Lot Size | 3,925 | 4,162.882 |
| Price | $749.0K | $801.9K |
| Price per sq ft | $524 | $562 |
| Built year | 1988 | 1985 |
| HOA | $0 | $207 |
| Days on market | 23 | 47 |
Oct 14, 2026
$749,000
$779,000
-4% Price Drop
Initial Listing
Oct 1, 2026
$779,000
Initial Listing
Mar 22, 2000
$175,000
Public Record