270 Walnut Street, Arroyo Grande, CA 93420 (MLS # SC26046363)

Price $959,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,470 sqft
Lot Size 20,953 sqft
Days on Market 4
Zoned Multifamily! Located in the heart of Arroyo Grande, this versatile property offers a rare opportunity featuring a primary residence and a detached guest unit on an expansive 20,954 sq ft lot, delivering space, flexibility, and strong long-term upside potential. The main home features 2 bedrooms and 1 bathroom, along with an attached 1-car garage. The residence is well-maintained and offers a functional floor plan with a comfortable flow between living areas. Interior highlights include hardwood flooring, abundant natural light from large windows, and a spacious living room centered around a freestanding wood-burning stove, creating a warm and inviting atmosphere. The kitchen and dining areas connect seamlessly to the main living space, providing practical everyday functionality. The exterior presents clean curb appeal with an updated window package and a well-kept front yard. The large, level lot offers exceptional usability and flexibility for outdoor living, entertaining, expansion, or future improvements. A detached guest unit includes 1 bedroom and 1 bathroom, offering excellent versatility for rental income, extended family, or a private workspace. This additional unit significantly enhances the property's overall utility and value proposition. Set on nearly half an acre, the property's oversized lot is one of its most compelling features, providing ample room for potential enhancements, outdoor amenities, or future development opportunities subject to local zoning and regulations. Overall, this property combines livability with strong upside potential. It is move-in ready while still offering clear opportunities for customization and value-add improvements. The combination of a primary home, detached guest unit, and large usable lot makes this a standout opportunity for both owner-occupants and investors seeking flexibility and long-term growth.
Property Type(s): Single Family
Last Updated 4/15/2026 Tract West of 101(1000)
Year Built 1954 Community ARRG - Arroyo Grande
Garage Spaces 1.0 County San Luis Obispo

Additional Details

AIR None
AREA ARRG - Arroyo Grande
FIREPLACE Yes
GARAGE Attached Garage, Yes
LOT 0.481 acre(s)
LOT DESCRIPTION Back Yard, Front Yard, Rectangular Lot
LOT DIMENSIONS 20954
PARKING Attached
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
SUBDIVISION West of 101(1000)
VIEW Yes
VIEW DESCRIPTION Hills, Mountain(s), Neighborhood
WATER Public

Location

 

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Listed with Christie's International Real Estate Sereno

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Based on information from California Regional Multiple Listing Service, Inc. as of 4/18/26 8:51 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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