887 N 5th, Grover Beach, California 93433, Grover Beach, 93433 - 4 bed, 3 bath
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887 N 5th
Grover Beach, California 93433
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,177Sq Ft
6,000Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$982,192
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $995,000, which is positioned slightly above the $982,192 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a well-maintained structure with significant upside through cosmetic updates. Featuring a 2,177 sqft custom layout with a sunroom and partial hillside views, the home offers a versatile canvas for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to personalize a home in a gated community.
Estimated Market Value
$982,192
Based on Realkey algorithm analyzing recent comparable sales in Grover Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 887 N 5th Subject | $995,000* List Price | 4 | 3 | 2,177 | $451 | - |
A 700 Mira Mar Court Sold | $985,000 | 4 | 3 | 2,100 | $469 | 0.5 mi |
B 602 Balboa Street Sold | $932,000 | 3 | 3 | 2,000 | $466 | 0.6 mi |
C 417 Saratoga Sold | $805,000 | 4 | 2 | 1,819 | $443 | 0.3 mi |
D 1135 Saratoga Avenue Sold | $1,150,000 | 3 | 2 | 2,088 | $551 | 0.5 mi |
E 612 Seabright Sold | $904,500 | 3 | 3 | 1,967 | $460 | 1.0 mi |
F 573 N 16th Sold | $757,000 | 3 | 2 | 1,590 | $476 | 0.7 mi |
G 120 Park View Sold | $820,000 | 3 | 2 | 1,453 | $564 | 0.4 mi |
H 348 N 3rd Active | $1,120,000 List Price | 4 | 3 | 1,909 | $587 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1990 (34 years old) and retains its original finishes. The kitchen features dated oak cabinetry, tile countertops, and a fluorescent light box, while the bathrooms show original 90s-era teal jetted tubs and gold fixtures. While functional and well-maintained, the home is significantly dated and requires cosmetic updates throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Community Privacy
Situated within the exclusive Mar Brisa gated community, this property offers enhanced security and a sense of privacy in a desirable Grover Beach location.
- Spacious Custom Layout
With 2,177 square feet of living space, four bedrooms, and an additional sunroom, the home provides a generous and versatile floor plan ideal for families or hosting guests.
- Scenic Views
The property features pleasant partial city and hillside views, capturing the natural beauty of the Central Coast landscape and adding to the home's overall appeal.
CONSRISKS & DEFICIENCIES
- Dated Interior Finishes
Built in 1990 and largely retaining its original finishes, the home requires significant cosmetic updates and modernization to meet current market standards.
- Renovation Investment Required
Prospective buyers will need to factor in additional capital for repairs and upgrades, as the property is being positioned as a personalization opportunity rather than a move-in ready modern home.
About 887 N 5th
Welcome to 887 N 5th Street, located within the gated Mar Brisa community of Grover Beach. This custom-built home offers approximately 2,177 square feet of living space with 4 bedrooms and 2.5 bathrooms on a 6,000-square-foot lot. The spacious floor plan includes a living room with fireplace, dining area, kitchen, and a sunroom that provides additional space to relax and enjoy the Central Coast lifestyle. Partial city and hillside views can be enjoyed from the property, while the attached two-car garage and generous driveway provide ample off-street parking. Built in 1990 and largely retaining its original finishes, the home presents an excellent opportunity for a new owner to update and personalize the property to their own taste. With its generous square footage, four-bedroom layout, gated setting, and convenient Grover Beach location, this property offers a compelling combination of space, potential, and location on California’s Central Coast.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $140.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.8 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,177 | 1,491.538 |
| Lot Size | 6,000 | 4,259.154 |
| Price | $995.0K | $801.7K |
| Price per sq ft | $457 | $563 |
| Built year | 1990 | 1984 |
| HOA | $140.0 | $163 |
| Days on market | 13 | 47 |
Pricing History
Listed for Sale
Aug 27, 2026
$995,000
Initial Listing
Sold
Jul 21, 2000
$329,000
Public Record
Sold
Oct 9, 1998
$285,000
Public Record