$1,360,000
SOLD JUN 28, 2024
4 Beds
4 Baths
2,240 Sq Ft
7,500 Sq Ft Lot

Recently Sold

$607 Per Sq Ft

7% Above List Price

4 Days on Market

Highlights

  • No Units Above
  • City Lights View
  • Up Slope from Street
  • Bishop's Peak Elementary School Rated A
  • Private Yard
  • Double Pane Windows

About This Home

As of June 2024

Great investment opportunity centrally located in the Railroad District, close to downtown SLO. Pride of ownership shows in this Four-Plex. Three of the four units have been upgraded with new vinyl plank flooring and paint. All new windows. New decking. New plumbing. This is a very well maintained complex with a consistent rental history. Efficient floorplans in these cozy 600 s/f units, include 1 BR and 1 full bath, lots of closet and storage space, indoor laundry in each unit, storage units for each in the individual carports. Private backyard space for gardening or relaxing, one very large deck for the use of two of the units. Easy living! Lovely views of the city. Each unit is individually metered and tenants pay all utilities. Landlord pays for the landscaping.

Last Agent to Sell the Property

Phyllis Cameron

Coastal Real Estate Brokerage Phone: 805-234-2231 License #01142507 Listed on: 05/31/2024

Last Buyer's Agent

Camille Schwaegerle

Keller Williams Realty Central Coast License #02107467

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,883

Year Built

  • Built in 1959

Lot Details

  • 7,500 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Private Yard
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,240 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • City Lights Views
  • Free-Standing Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Up Slope from Street
  • Driveway Up Slope From Street
  • On-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater

Additional Features

  • Outdoor Storage
  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 4 / 4
  • Assessor Parcel Number 003654012
  • $1,043 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,680
  • Insurance Expense $2,779
  • Maintenance Expense $5,000
  • Professional Management Expense $4,600
  • Operating Expense $14,059
  • Gross Income $78,600
  • Net Operating Income $64,541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,883

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Price Per Unit: 318750
  • Professional Management Expense: 4600.00
  • Property Attached: Yes
  • View: Yes
  • Zoning: R2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 003654012
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 2nd Level
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 607.14
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Storage
  • View: City Lights
  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking Features: Attached Carport, Driveway Up Slope From Street, Street
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Gas Water Heater, Refrigerator, Vented Exhaust Fan
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Up Slope from Street, Yard
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722
  • Latitude Manual: 35.27474200

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Income: 78600.00
  • Gross Scheduled Income: 78600.00
  • Insurance Expense: 2779.00
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 64541.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 14059.00
  • Rent Control: No
  • Total Actual Rent: 78600.00
  • Total Expenses: 14059.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 110.02
  • Tax Lot: 4
  • TaxOtherAnnualAssessmentAmount: 1043.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jun 11, 2024
Sold by
Roger E Fluegel E and Roger June E
Bought by
Pupa Amy
Seller's Agent
Phyllis Cameron
Coastal Real Estate
Buyer's Agent
Camille Schwaegerle
Keller Williams Realty Central Coast
List Price
$1,275,000
Sold Price
$1,360,000
Premium/Discount to List
$85,000
6.67%
Total Days on Market
4
Views
15
Current Estimated Value
$1,394,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,523
Avg. Annual Appreciation
2.73%
Original Mortgage
$1,088,000
Outstanding Balance
$1,078,879
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$315,644

Purchase Details

Closed on
Apr 5, 2002
Sold by
Fluegel June E
Bought by
Fluegel June E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,360,000 First American Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,088,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $1,360,000 +6.7% $607 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $1,275,000 -- $569 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $5,883 $493,690 $248,619 $245,071
2023 $5,883 $484,011 $243,745 $240,266
2022 $5,528 $474,521 $238,966 $235,555
2021 $5,411 $465,218 $234,281 $230,937
2020 $5,354 $460,449 $231,879 $228,570
2019 $5,287 $451,422 $227,333 $224,089
2018 $5,192 $442,572 $222,876 $219,696
2017 $5,087 $433,895 $218,506 $215,389
2016 $4,919 $425,388 $214,222 $211,166
2015 $4,492 $419,000 $211,005 $207,995
2014 $4,303 $410,793 $206,872 $203,921
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24099957

California Regional Multiple Listing Service (CRMLS)

APN: 003-654-012