414 Grand Ave, Arroyo Grande, CA, 93420
About This Home
Positioned in the heart of Arroyo Grande’s vibrant trade corridor, this rare mixed-use property offers both immediate income and exceptional future development potential. Situated on a 0.15-acre lot along Grand Avenue—the primary artery connecting Arroyo Grande, Grover Beach, and the Pacific Ocean—the site features an existing one-bedroom, one-bath residence located toward the front of the parcel, allowing space for approximately eight on-site parking spaces. Mixed-use commercial zoning provides a wide range of possibilities for redevelopment, expansion, or live-work concepts. Just moments away, the charming Village of Arroyo Grande offers popular restaurants, boutique shopping, and a strong sense of community, further enhancing the property’s long-term value. According to City Planning, the site is well-suited for mixed-use development, making this an outstanding opportunity for investors, developers, or visionaries looking to capitalize on location, zoning flexibility, and future upside—while benefiting from rental income in the interim. Buyers are advised to verify all potential uses and development opportunities with the City of Arroyo Grande.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1936
Type & Style
- Home type: SingleFamily
- Property subType: Mixed Use
Interior
Appliances
- Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Bedroom
- Features: All Bedrooms Down
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Ceiling Fan(s),All Bedrooms Down
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: None
- Cooling features: None
Interior Area
- Total interior livable area: 592 sqft
Property
Details
- Parcel number: 006175006
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 6,534 sqft
- Features: 0-1 Unit/Acre
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Drought
- Earthquake
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Luis Obispo County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,270 | $27,240 |
| Home Insurance * | $66 | $792 |
| Property Taxes | $398 | $4,776 |
| Electricity | $398 | $4,786 |
| Total | $3,132 | $37,584 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-10 | Price change | $449,000 |
| 2026-02-25 | Listed for sale | $495,000 |
| 2026-02-03 | Sold | $485,000 |
| 2026-01-27 | Pending sale | $525,000 |
| 2026-01-24 | Contingent | $525,000 |
| 2025-12-15 | Price change | $525,000 |
| 2025-10-17 | Price change | $559,000 |
| 2025-09-29 | Listed for sale | $569,000 |
| 2025-09-22 | Listing removed | $569,000 |
| 2025-09-05 | Price change | $569,000 |
| 2025-05-20 | Listed for sale | $595,000 |
View on Zillow