$1,000,000

359 N 3rd St Grover Beach, CA 93433

Estimated payment $5,745/month

Total Views 3,032
4 Beds
2 Baths
2,080 Sq Ft
$481 Price per Sq Ft

Highlights

  • 2 Car Attached Garage
  • Arroyo Grande High School Rated A-
  • 1-Story Property

About This Home

Well-maintained duplex located in the desirable coastal community of Grover Beach, a short distance from the beach. Situated on a 7,500 SF lot, the property offers approximately 2,080 SF of living space with two well-proportioned 2BD/1BA units. Each unit includes a private two-car garage and its own fenced backyard, offering flexibility for owner-occupancy while maintaining strong rental appeal. Interior updates completed approximately four years ago include updated kitchen cabinetry, flooring, and remodeled bathrooms. Sliding glass doors provide natural light and direct access to private outdoor space. Ideally located near shopping, dining, and coastal amenities, and approximately two miles from the Pismo Pier and beachfront. This property presents an excellent opportunity for investors or owner-users seeking a turn-key, income-producing asset in a highly desirable San Luis Obispo County coastal location. MARKETING PACKAGE AVAILABLE UPON REQUEST.

Listing Agent

Mitchell Zurich

Marcus & Millichap License #01870648 Listed on: 01/06/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • 1979

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,501 Sq Ft Lot
  • Separate Meters

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Operating Expense $14,532
  • Gross Income $46,560

Property Details

Home Type

Multi-Family

Year Built

1979

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2080
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Living Sq Ft: 2080
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage

Utilities

  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 20.83
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 2000
  • Expense Maintenance: 1000
  • Expenses Total: 14532
  • Income Annual Gross: 46560.00
  • Income Annual Rental: 48000
  • Income Gross Scheduled: 48000
  • Meters: Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,811 $606,668 $290,427 $316,241
2024 $6,758 $594,774 $284,733 $310,041
2023 $6,758 $583,112 $279,150 $303,962
2022 $6,653 $571,679 $273,677 $298,002
2021 $6,574 $560,470 $268,311 $292,159
2020 $6,500 $554,724 $265,560 $289,164
2019 $6,447 $543,848 $260,353 $283,495
2018 $6,367 $533,186 $255,249 $277,937
2017 $6,084 $522,733 $250,245 $272,488
2016 $5,670 $512,485 $245,339 $267,146
2015 $5,214 $475,000 $230,000 $245,000
2014 $4,430 $420,000 $202,000 $218,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2026 01/06/26 For Sale $1,000,000 -- $481 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Lsi
Grant Deed $470,000 Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Previous Owner $320,000 Purchase Money Mortgage
Source: Public Records

Source: MLSListings

MLS Number: ML82030354

MLSListings

APN: 060-135-015