359-361 N. 3rd Street, Grover Beach, CA 93433

Marcus & Millichap is pleased to present 359–361 N 3rd Street, a well-maintained duplex located in the desirable coastal community of Grover Beach, California. Built in 1979, the property sits on a 7,500-square-foot lot and features 2,080 square feet of total living space.

Each unit consists of two bedrooms and one bathroom, includes its own private two-car garage, and offers a private backyard. Recent updates enhance the property's appeal, including kitchen cabinetry and flooring completed approximately four years ago, along with remodeled bathrooms in both units. Each unit enjoys sliding glass door access to the backyard, providing abundant natural light and seamless indoor-outdoor livability.

Ideally positioned near local shopping, dining, and beaches, the property is also just two miles from the iconic Pismo Pier, a major Central Coast destination known for its vibrant boardwalk, ocean views, and year-round activity. This prime location supports strong tenant demand and long-term value.

Additionally, recent duplex sales in the surrounding area have averaged approximately $541 per square foot, while 359–361 N 3rd Street is offered at just $433 per square foot, providing investors with an attractive value proposition relative to nearby comparable properties.

359–361 N 3rd Street presents an excellent opportunity for investors or owner-users seeking a turn-key, income-producing asset in one of San Luis Obispo County's most attractive coastal submarkets.

Grover Beach is a small coastal city in San Luis Obispo County, California, located on California’s Central Coast and forming part of the “Five Cities” region along with Pismo Beach, Arroyo Grande, Oceano and Shell Beach. 

As of the 2020 Census, Grover Beach had a population of approximately 12,701 residents and covers roughly 2.25 square miles of land along the Central Coast. The city appeals to both residents and visitors with its coastal setting, moderate climate, and recreation-oriented lifestyle. 

Major economic drivers locally include tourism, hospitality, and coastal access, as well as proximity to larger employment centers in the San Luis Obispo region. Grover Beach’s location just off U.S. Highway 101 and adjacent to coastal amenities adds to its resilience and quality-of-life appeal. 

As of 2024, San Luis Obispo County has an estimated population of 283,000 residents and continues to experience steady but modest growth. The county’s economy is diverse, supported by education, healthcare, agriculture, tourism, and wine production. It is home to California Polytechnic State University (Cal Poly San Luis Obispo), a nationally ranked public university that anchors the region’s innovation and education sector. 

The county’s median household income is approximately $93,000, and its residents are well-educated, with over 42% holding a bachelor’s degree or higher. The area’s economy benefits from a strong tourism base centered around its beaches, wineries, and outdoor recreation, drawing millions of visitors each year. 

Major employers in San Luis Obispo County include Cal Poly San Luis Obispo, Tenet Health, County of San Luis Obispo, Compass Health, and Pacific Gas & Electric (PG&E). The region’s combination of economic diversity, desirable climate, and quality of life continues to attract both residents and investors seeking long-term stability and lifestyle-driven demand.