Current Investment Opportunities in Arroyo Grande, Atascadero, Cayucos, and Avila Beach

The Central Coast offers diverse real estate opportunities that cater to different investment strategies. From long-term rental income to short-term vacation rentals, here are some of the most promising listings on the market right now and what makes them attractive investments.

964 The Pike, Arroyo Grande

• Price: $715,000 | $594.35/sqft

• Features:

  • 2 bed, 2 bath single-family home on an 8,050 sq. ft. lot.

  • Mature avocado trees and a lime tree add charm.

  • Equipped with an EV charger and new dual-pane windows.

  • Close to Halcyon Farms and Arroyo Grande Village.

• Why Invest? This property’s location and features make it a strong contender for medium-term rental opportunities. The large lot size could allow for future value-add improvements.

4705 Hidalgo Ave, Atascadero

• Price: $450,000 | $424.13/sqft

• Features:

  • 2 bed, 2 bath fixer-upper on a 22,100 sq. ft. lot.

  • Renovation plans already approved by the city.

  • Potential for adding an accessory dwelling unit (ADU).

• Why Invest? This half-acre property is ideal for investors looking to build equity through renovations. The ADU potential offers an opportunity to maximize rental income or increase property value.

370 S Halcyon Rd, Arroyo Grande

• Price: $885,000 | $502.56/sqft

• Features:

  • Newly constructed 3 bed, 2.5 bath home in a planned development.

  • Modern finishes, energy-efficient appliances, and minimal landscaping.

  • Located near Arroyo Grande Hospital and schools.

• Why Invest? This property’s location near healthcare and educational facilities makes it an excellent choice for long-term rental stability.

5490 Fresno Ave, Atascadero

• Price: $950,000 | $524.28/sqft

• Features:

  • 4 bed, 3 bath single-family home on a 22,216 sq. ft. lot.

  • Includes a pool, hot tub, and modernized interiors.

  • Walking distance to downtown Atascadero.

• Why Invest? With luxury amenities and proximity to downtown, this property could thrive as a high-value long-term rental or vacation home.

190 Valley View, Avila Beach

• Price: $789,000 | $438.33/sqft

• Features:

  • 3 bed, 2 bath manufactured home in a gated community.

  • Low-maintenance property with private deck and mountain views.

• Why Invest? This property’s serene location and gated community appeal to retirees or seasonal renters, offering reliable demand in the high-income demographic.

2725 Richard Ave, Cayucos

• Price: $1,350,000 | $926.56/sqft

• Features:

  • Licensed short-term vacation rental with stunning ocean views.

  • Potential for ADU development.

• Why Invest? The existing vacation rental license is a significant advantage, ensuring immediate income potential. The location and views are a draw for vacationers year-round.

29 11th St, Cayucos

• Price: $1,880,000 | $1,511.25/sqft

• Features:

  • Completely remodeled 2 bed, 2 bath home.

  • Steps from the beach with modern upgrades and high-end appliances.

• Why Invest? Designed for high-end renters for extended stays, this property offers premium rental income potential. Its proximity to the beach adds significant appeal.

How to Choose the Right Property for Your Portfolio

Whether you're an experienced investor or just starting, selecting the right property depends on your goals:

• Equity Growth: Fixer-uppers like 4705 Hidalgo Ave provide opportunities to build equity through renovations.

• Short-Term Rentals: Properties like 2725 Richard Ave and 29 11th St cater to the vacation rental market with their proximity to beaches and existing rental licenses.

• Long-Term Stability: Newer constructions like 370 S Halcyon Rd offer reliable income with minimal maintenance requirements.

Each of these listings presents unique opportunities. If you're interested in a detailed cash flow analysis or have questions about zoning, permits, or rental projections, let’s connect to discuss your options!