Seller's Agent in 2023
Aurmon Banitaba
(805) 773-7777
20 Total Sales
1021 19th St Paso Robles, CA 93446
Estimated Value: $1,055,000 - $1,204,131
8
Beds
4
Baths
3,360
Sq Ft
$335/Sq Ft
Est. Value
Highlights
- No HOA
- Double Pane Windows
- Laundry Room
- Paso Robles High School Rated A-
- Library
- 2-minute walk to Pioneer Park
About This Home
As of February 2023BRAND NEW INFORMATION REGARDING LEASES! Incredible opportunity to own a well-maintained 4-unit apartment building in the Downtown Paso Robles Market on R3 Zoning & located in the Paso Robles OPPORTUNITY ZONE, 3 new/upcoming vacancies allow for a significant opportunity to IMMEDIATELY BRING RENTS TO MARKET, allowing a new buyer to gross $8,900/month upon acquisition. Coin-operated laundry produces over $200 monthly, new stucco, new roof, and new dual pane windows. A value-add business plan would bring current gross income to $9,800/month, stabilizing well ABOVE AN 8% CAP RATE. Current market rents in this part of DT Paso Robles are $2,400 for 2-bedroom (updated) units. Paired with the location, the property offers higher-end cabinets, appliances, and tile flooring, making these rental units highly desirable to any future tenants. *Opportunity Zones will be allowed to defer or eliminate federal taxes on capital gains earned from the sale of stock, business assets, or property. The Paso Robles Opportunity Zone includes all land within the City boundary that is west of the Salinas River and north of 1st Street. https://www.pasorobleschamber.com/economic-development/paso-robles-opportunity-zones/
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,964
Year Built
- Built in 1986
Lot Details
- 7,013 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Landscaped
- Rectangular Lot
- Level Lot
- Value in Land
Home Design
- Apartment
- Turnkey
- Cosmetic Repairs Needed
- Slab Foundation
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 3,360 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Library
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Private Parking
- Driveway
- Paved Parking
- On-Street Parking
- Parking Lot
- Assigned Parking
Accessible Home Design
- Accessible Parking
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Legal Lot and Block 16 / 222
- Assessor Parcel Number 008245016
- $392,357 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Pr City Limits West Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $10
- Fuel Expense $18
- Insurance Expense $100
- Maintenance Expense $4,260
- Professional Management Expense $358
- Trash Expense $190
- Water Sewer Expense $330
- New Taxes Expense $11,250
- Operating Expense $28,680
- Gross Income $699,000
- Net Operating Income $41,310
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2022
Closed on
Jan 30, 2023
Sold by
Sackett Judith Lynn
Bought by
Sackett Family Trust
Seller's Agent
Aurmon Banitaba
Buyer's Agent
Hal Sweasey
Keller Williams Realty Central Coast
List Price
$999,000
Sold Price
$1,055,000
Premium/Discount to List
$56,000
5.61%
Views
78
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,783
Avg. Annual Appreciation
2.52%
Original Mortgage
$791,250
Outstanding Balance
$766,424
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$359,359
Purchase Details
Listed on
Oct 24, 2022
Closed on
Jan 27, 2023
Sold by
Sackett Family Trust
Bought by
Cummings Christopher David and Smith Lillian Xela
Seller's Agent
Aurmon Banitaba
Buyer's Agent
Hal Sweasey
Keller Williams Realty Central Coast
List Price
$999,000
Sold Price
$1,055,000
Premium/Discount to List
$56,000
5.61%
Views
78
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$791,250
Outstanding Balance
$766,424
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$359,359
Purchase Details
Closed on
Dec 22, 2020
Sold by
Sackett Grayson
Bought by
Sackett Grayson Scott and Sackett Judith Lynn
Purchase Details
Closed on
Mar 18, 2011
Sold by
U S Bank National Association
Bought by
Sackett Grayson
Purchase Details
Closed on
Dec 16, 2010
Sold by
Yamasaki John and Yamasaki Tera
Bought by
U S Bank National Association
Purchase Details
Closed on
Mar 24, 2006
Sold by
Yamasaki John and Yamasaki Tera
Bought by
Yamasaki John and Yamasaki Tera
Purchase Details
Closed on
Nov 11, 2004
Sold by
Nielson Doris Johnsen
Bought by
Yamasaki John and Yamasaki Tera
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 20, 2004
Sold by
Nielson C William
Bought by
Nielson Doris Johnsen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2000
Sold by
Nielson Doris
Bought by
Nielson William
Purchase Details
Closed on
Apr 28, 1997
Sold by
Roach Joel L and Roach Mary Lee Johnson
Bought by
Spoolstra Albern L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,798
Interest Rate
7.94%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 29, 1995
Sold by
Kersten Dale and Kersten Jennifer
Bought by
Roach Joel L and Johnson Roach Mary Lee
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sackett Family Trust | -- | Fidelity National Title | |
| Cummings Christopher David | $1,055,000 | Fidelity National Title | |
| Sackett Grayson Scott | -- | None Available | |
| Sackett Grayson | $325,500 | Lsi Title Company Inc | |
| U S Bank National Association | $386,325 | None Available | |
| Yamasaki John | -- | Cuesta Title Company | |
| Yamasaki John | $550,000 | First American Title Company | |
| Nielson Doris Johnsen | -- | First American Title Company | |
| Nielson William | -- | First American Title Ins Co | |
| Nielson C William | $275,000 | First American Title | |
| Spoolstra Albern L | $47,000 | Fidelity National Title Co | |
| Roach Joel L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cummings Christopher David | $791,250 | |
| Previous Owner | Yamasaki John | $385,000 | |
| Previous Owner | Spoolstra Albern L | $31,798 | |
| Closed | Yamasaki John | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/23/2023 02/23/23 | Sold | $1,055,000 | +5.6% | $314 / Sq Ft |
| 01/25/2023 01/25/23 | Pending | -- | -- | -- |
| 10/24/2022 10/24/22 | For Sale | $999,000 | -- | $297 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,964 | $1,097,622 | $312,120 | $785,502 |
| 2024 | $4,464 | $1,076,100 | $306,000 | $770,100 |
| 2023 | $4,464 | $400,203 | $98,508 | $301,695 |
| 2022 | $4,398 | $392,357 | $96,577 | $295,780 |
| 2021 | $4,323 | $384,665 | $94,684 | $289,981 |
| 2020 | $4,264 | $380,722 | $93,714 | $287,008 |
| 2019 | $4,204 | $373,258 | $91,877 | $281,381 |
| 2018 | $4,146 | $365,940 | $90,076 | $275,864 |
| 2017 | $3,899 | $358,765 | $88,310 | $270,455 |
| 2016 | $3,822 | $351,731 | $86,579 | $265,152 |
| 2015 | $3,808 | $346,449 | $85,279 | $261,170 |
| 2014 | $3,676 | $339,664 | $83,609 | $256,055 |
Source: Public Records
Agents Affiliated with this Home
-
Aurmon Banitaba
-
Hal Sweasey
Buyer's Agent in 2023
Hal Sweasey
Keller Williams Realty Central Coast
(805) 781-3750
561 Total Sales
-
Graeme Baldwin
Buyer Co-Listing Agent in 2023
Graeme Baldwin
Keller Williams Realty Central Coast
(805) 748-6768
159 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI22226738
APN: 008-245-016
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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