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1-Bedroom Homes on the Central Coast: Investment & Lifestyle Opportunities

  • Writer: Justin Stoner
    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.


Two beds with teal accents in a bright room; beach-themed decor. A balcony overlooks the ocean. Text reads: "198 Main, Pismo Beach, CA 93449".

  • 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.


Condo building near Pismo Beach, with a red arrow pointing to Unit 262. Coastal background with grass and rocks in the foreground.

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.


Concrete driveway and garage of a house, text overlay describes real estate in Grover Beach, CA, emphasizing community growth.

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.


Sunset over Pismo Beach, vibrant orange sky above ocean, silhouetted palm trees and rooftops in foreground, text about a property listing.

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.


Modern condo under construction in Grover Beach, CA. White and wood facade, cranes and cones in site. Text promotes available units.

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.


Rural cabin under large trees, address shown as 4410 Upper Lopez Canyon Road. Text describes it as a getaway retreat near Arroyo Grande.

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.


Small green house with chain-link fence, cactus garden, and mailbox. Blue sky background. Address: 1166 Nice Avenue, Grover Beach, CA.

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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REALTOR® Central Coast CA | Central Valley CA

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