NOT LISTED FOR SALE
5 Beds
4 Baths
1,832 Sq Ft
8,734 Sq Ft Lot

Last Sold September 28, 2022

Last sale price $469,000 $256 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Park
  • Paso Robles High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to San Miguel Community Park

About This Home

As of September 2022

Great investment opportunity in San Miguel, CA! These homes are both currently rented to long-term tenants bringing in good cash flow. Long-time tenants, but now a month-to-month agreement. The first home is a stick-built house with 3 bedrooms and 2 bathrooms and the second home is a newer, 2 bedrooms and 2 bath mobile home on a permanent foundation. Each unit has its own utilities. With a little TLC, these homes will continue to provide great opportunities and possibilities for increasing cash flow. You can also purchase this property and choose to live in one of the homes and rent the other home out to help with the mortgage. This will be a great addition to anyone's investment portfolio.

Last Agent to Sell the Property

Gerson Mendez

RE/MAX Parkside Real Estate License #01882316 Listed on: 07/22/2022

RE/MAX Parkside Real Estate

Co-Listed By

Guadalupe Mendez

RE/MAX Parkside Real Estate License #01892897

Last Buyer's Agent

John Walker

W Property Group License #01879971

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 8,734 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 1,832 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Unpaved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Propane
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / 27
  • Assessor Parcel Number 021271003
  • $3,342 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,091
  • Trash Expense $720
  • Water Sewer Expense $4,281
  • Operating Expense $7,092
  • Gross Income $31,800
  • Net Operating Income $24,708

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Price Per Unit: 234500
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 4281.00
  • Zoning: RSF
  • Property Type: Residential Income
  • Parcel Number: 021271003
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 256.00

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unpaved
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Propane, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8734.00
  • Lot Size Acres: 0.2005

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Operating Income: 31800.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 2091.00
  • Lot Size Area: 8734.0000 Square Feet
  • Net Operating Income: 24708.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Operating Expense: 7092.00
  • Rent Control: No
  • Total Expenses: 7092.00

Tax Info

  • Tax Block: 27
  • Tax Census Tract: 100.16
  • Tax Lot: 11
  • TaxOtherAnnualAssessmentAmount: 3342.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $469,000 0.0% $256 / Sq Ft
07/27/2022 07/27/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $469,000 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS22161593

California Regional Multiple Listing Service (CRMLS)