1-Bedroom Homes on the Central Coast: Investment & Lifestyle Opportunities
- Justin Stoner
- Jan 28
- 3 min read
If you're looking for a 1-bedroom property on California’s Central Coast, there’s more variety than you might expect. From beachfront condos to off-grid cabins, these listings cater to a mix of investors, first-time buyers, and those looking for a coastal retreat. Here’s a deep dive into some of the most intriguing 1-bedroom homes currently on the market.
Investment-Friendly Properties
Turnkey Short-Term Rentals
If you're an investor looking for a hassle-free vacation rental, 198 Main, Pismo Beach ($595,000) and 1020 Cypress St #262, Pismo Beach ($525,000) offer passive income potential.
198 Main (aka The Starfish Room) is a fully furnished beachfront studio that allows 90 days of personal use per year, with management handling rentals and maintenance. The price per square foot is high ($1,271), but its location near Pismo Beach Pier makes it a desirable short-term rental.
1020 Cypress St operates as a "condo-tel," meaning owners get a share of rental revenue while having limited personal use (max 30 days per quarter). It’s a great option for those looking for a low-maintenance income property.
Both of these properties are best for buyers who want to generate revenue without hands-on management.
Development Potential
For those thinking long-term, 226 Front St, Grover Beach ($819,000) offers a unique opportunity.
Zoned for Coastal Commercial, this lot allows for a four-story development.
Current rental income potential while awaiting permits.
Nearby projects include over 50 new residential units, with prices ranging from $600K to $900K.
This property is ideal for investors or developers looking to capitalize on Grover Beach’s growth.
Luxury Coastal Living
If you're searching for a high-end residence with stunning ocean views, 429 Westpoint Dr #49, Pismo Beach ($864,000) might be your perfect match.
Ocean views from Point San Luis Lighthouse to Oceano Dunes.
Remodeled kitchen, luxury finishes, and an office nook for remote work.
Resort-style amenities: heated pool, hot tubs, tennis/pickleball courts.
$500/month HOA covers extensive community perks.
At $839 per square foot, it’s a premium buy, but for those who value high-end coastal living, it’s worth considering.
Affordable New Construction
If you want something modern without the Pismo Beach price tag, 402 West Grand Ave #307, Grover Beach ($555,000) is a great choice.
Brand-new construction near the beach.
Open-concept layout with ocean views.
Rooftop deck with firepits and lounge areas.
$369/month HOA, lower than many comparable developments.
As a pre-construction unit, this could be a smart purchase before prices rise upon project completion.
Rural Escape
For buyers looking to live off the grid, 4410 Upper Lopez Canyon Rd, Arroyo Grande ($349,000) offers a secluded lifestyle on 40 acres.
Last property on the grid before National Forest land.
Well water, 10,000-gallon storage tank, and propane generator.
Self-sufficient homestead potential with livestock pens and greenhouse.
4WD vehicle required to access property due to creek crossings.
It’s a cash-only or private financing deal due to unpermitted construction, but for buyers seeking privacy and adventure, this is a rare find.
Budget-Friendly Coastal Homes
For those who want to own a single-family home on the Central Coast without breaking the bank, 1166 Nice Ave, Grover Beach ($500,000) is a solid option.
Move-in ready with updated floors, new paint, and a renovated bathroom.
Potential for expansion on its 3,313 sq. ft. lot.
No HOA fees.
At $899 per square foot, it’s priced higher than average, but for someone looking for a small, affordable beach-town home, it’s a great entry point into the market.
Which Property is Right for You?
Investors: 198 Main & 1020 Cypress offer hands-off rental income, while 226 Front St is a development play.
Luxury Buyers: 429 Westpoint Dr provides high-end finishes and resort-style living.
Budget Buyers: 1166 Nice Ave and 402 West Grand Ave offer affordable coastal ownership.
Adventure Seekers: 4410 Upper Lopez Canyon is for those who want off-grid living.
The Central Coast offers a diverse range of 1-bedroom homes, whether you’re looking for investment income, a vacation getaway, or a peaceful retreat. If any of these properties interest you, reach out for more details!
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