$995,000
Exceptional investment and future development opportunity in the heart of Grover Beach. Situated in the desirable Medium Density Residential (R2) zone, this duplex offers immediate rental income potential with long-term potential for redevelopment. The existing duplex comes fully furnished and turnkey. One unit is 2 bedroom with 1 bathroom and the other is 2 bedroom with 2 bathrooms. Located just minutes from the beach, shopping, restaurants, and easy highway access, this property combines coastal lifestyle with smart investment potential. The duplex features a newer roof, central heat and air, dual pane windows, private yard areas for each unit. This unique property features two addresses and includes an undeveloped portion of the lot, creating flexibility for future multi-unit possibilities (subject to City approval). Under current R2 zoning standards, the site may allow for multiple residential units, including the potential for standard density or fractional density units (600 sq. ft. or smaller), plus possible ADU opportunities. Buyers are encouraged to verify and seek more information on development standards with the City of Grover Beach. In the meantime, the existing improvements provide a strong opportunity to generate rental income while pursuing development plans and permits. Whether you are an investor seeking cash flow, a builder looking for your next project, or a buyer wanting to secure a coastal property with future potential, this property checks multiple boxes.
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Listed by Melissa Carstairs with Energy-Wise Realty (805) 528-7130
Property Type
Duplex
Status
Active
MLS Number
SC26045292
Year Built
1949
Lot Size
5,850 sq ft