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462 Mockingbird Lane, Arroyo Grande, CA 93420

$1.3M7bd · 4ba · 2,769 sqft
Lot 43,560 sqft•Single Family Residence•
Active
•5d on market•MLS# PI-26216428

Property Description

Rare real estate opportunity on the Central Coast! Nestled on a spacious, private 1-acre lot in Arroyo Grande, this unique two-home property is the ultimate setup for multi-generational living or immediate rental income. Main Home: Features a highly functional layout including 3 traditional bedrooms, 2 bathrooms, a dedicated home office with custom built-ins, and game/pool room highlighted with a bistro alcove and independent exterior access. One bathroom features a premium walk-in tub, making it ideal for senior accessibility. Second Home: A fully permitted, independent standalone residence offering over 1,150 sq. Ft. of comfortable living space. It features 2 bedrooms, 1 bathroom, its own dedicated carport, and an in-unit laundry room, and a completely private, fully fenced yard. Perfect for tenant rental income or extended family. Other features include: 1. Completely owned free and clear solar system, offering massive, permanent relief from high PG&E utility bills for main house. 2. The Workshop: A dream setup for hobbyists, tradespeople, or car enthusiasts featuring a heavy-duty shop with a poured concrete floor. 3. Vehicle & Toy Storage: Unmatched parking options including a specialized RV carport, a traditional 2-car garage, and an additional 2-car carport-comfortably protecting 8+ vehicles undercover. 4. Reliable private well water and propane supply the property. Each with their own septic tank. Both homes enjoy completely separate, independently fenced yards maximizing privacy on a beautifully laid-out acre.

Features & Amenities

FeeBuilt 1960

Property Details

Land Type
Fee
Year Built
1960
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
4
Cooling
None
View
Mountain(s), Trees/Woods
City
Arroyo Grande
Zip Code
93420
County
San Luis Obispo
Listed byUnknown Office, Cindy Blankenburg

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,573.51
Principal & Interest
Loan Amount
$1,040,000
Total Interest
$1,326,463
Total Payment Over 30 Years
$2,366,463
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

462 Mockingbird Lane, Arroyo Grande, CA 93420

Arroyo Grande · Single Family Residence

$1.3M
Residential Tier
Beds
7
Baths
4
Sqft
2,769
Lot
43,560 sqft
Year
1960
$/Sqft
$469
Pool: No✓
View: mountain✓
Garage: 4-car✓

Listed 8.8% below the median closed sale of $1,425,000.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.30M· $469/sqft
Total list price
Closed comps
vs closed median $1.43M
−$125K (−8.8%)
Active comps
vs active median $1.73M
−$429K (−24.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $628
−$159 (−25.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1136 GrandArroyo Grande1945432,28840,127$721$1.65M6866
264 Cobble Creek WayArroyo Grande2026542,63416,437$656$1.73M13064
1825 Hi MountainArroyo Grande1996343,1182,312,165$721$2.25M21662
1096 Robin CircleArroyo Grande1986432,82211,450$620$1.75M4161
2303 Sanderling CourtArroyo Grande2008542,9556,888$423$1.25M10858
Total: 5 · Average4.23.62,763.4477,413.4$628.2$1.73M112.6
Median2,822$1.73M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
545 Dos Cerros CorteArroyo Grande200107/15/2026432,75825,600$1.85M$1.85M$6711.004773
2555 Laurie WayArroyo Grande200608/28/2026332,80943,560$1.40M$1.40M$4981.006968
180 Century LaneArroyo Grande200008/21/2026432,56044,867$1.40M$1.55M$6051.111767
525 Raptor StreetArroyo Grande200607/01/2026443,37645,738$1.49M$1.43M$4220.965765
571 Traffic WayArroyo Grande194907/13/2026442,47520,050$989,000$900,000$3640.9114165
Total: 5 · Average3.83.42,795.635,963$1.43M$1.43M$512—66.2
Median2,758$1.43M$1.43M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.