NOT LISTED FOR SALE
8 Beds
3 Baths
3,932 Sq Ft
5,750 Sq Ft Lot

Last Sold October 21, 2020

Last sale price $1,110,000 $282 Per Sq Ft

23 Days on Market

Highlights

  • Home fronts a creek
  • View of Hills
  • Lawn
  • Laguna Middle School Rated A
  • Contemporary Architecture
  • No HOA

About This Home

As of October 2020

Excellent rental property close to downtown and the train station. Older duplex in the back of 2296 sq. ft and newer 3 bedroom apartment over a 3 car garage of 1636 sq. ft in the front. 8 bedrooms and 3 baths total with 6 total parking spaces. Property is zoned R-3 and is fully compliant. If you have been searching for that perfect small investment property then this is the complex for you!

Last Agent to Sell the Property

Kirby Gordon

Gordon & Gordon License #00481105 Listed on: 08/27/2020

Last Buyer's Agent

Clint Nunes

Triad Real Estate Group License #01954616

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 5,750 Sq Ft Lot
  • Home fronts a creek
  • No Common Walls
  • East Facing Home
  • Fenced
  • Fence is in good condition
  • Landscaped
  • Level Lot
  • Lawn
  • Back Yard
  • Density is 16-20 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Hills
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,932 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Double Pane Windows
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 6 / 174
  • Assessor Parcel Number 003555026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • San Luis Obispo Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,400
  • Trash Expense $57
  • New Taxes Expense $12,000
  • Operating Expense $54,600
  • Gross Income $78,000
  • Net Operating Income $54,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R3
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 003555026
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Living Room Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Wood Burning
  • Levels: Two
  • Price Per Square Foot: 282.30
  • Window Features: Blinds, Double Pane Windows, Skylight(s)

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • View: Hills, Neighborhood
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 57.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Back Yard, Landscaped, Lawn, Level with Street
  • Lot Size Sq Ft: 5750.00
  • Lot Size Acres: 0.1320

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 78000.00
  • Gross Scheduled Income: 78000.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5750.0000 Square Feet
  • Net Operating Income: 54600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 23400.00
  • Rent Control: No
  • Total Actual Rent: 78000.00
  • Total Expenses: 54600.00
  • Waterfront Features: Creek

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: 174
  • Tax Census Tract: 111.01
  • Tax Lot: 6

Range of Values:

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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
10/21/2020 10/21/20 Sold $1,110,000 -7.1% $282 / Sq Ft
09/21/2020 09/21/20 Price Changed $1,195,000 +6.7% $304 / Sq Ft
09/19/2020 09/19/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $1,119,500 0.0% $285 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $1,119,500 -- $285 / 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: PI20177030

California Regional Multiple Listing Service (CRMLS)