NOT LISTED FOR SALE

1230 Monte Vista Place San Luis Obispo, CA 93405

Estimated Value: $1,582,000

8 Beds
4 Baths
3,339 Sq Ft
$474/Sq Ft Est. Value

Last Sold December 17, 2019

Last sale price $1,125,000 $337 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $9,879/month

36 Days on Market

Highlights

  • Laundry Room
  • Bishop's Peak Elementary School Rated A
  • Bike Trail

About This Home

As of December 2019

Rare opportunity to own investment property close to downtown and just blocks to the Cal Poly campus. This property will require a buyer with a vision and willingness to upgrade or tear down and invest in some TLC.

The lot is 10,110 sf and is zoned R4. The building is approximately 3,339± sq ft. total with 4 units and 8 onsite parking spaces. Take advantage of this great opportunity to make this property live up to its fullest potential. THIS PROPERTY IS BEING SOLD AS-IS.

Last Agent to Sell the Property

Linda Wilson

Richardson Sotheby's International Realty License #01045160 Listed on: 09/16/2019

Richardson Sotheby's International Realty

Last Buyer's Agent

Lindsey Harn

Christie's International Real Estate Sereno License #01868098

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,650

Year Built

  • Built in 1960

Lot Details

  • 10,110 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 3 Car Garage

Home Design

  • 3,339 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 052071022

Community Details

Overview

  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $785
  • Insurance Expense $976
  • Trash Expense $978
  • Water Sewer Expense $3,749
  • New Taxes Expense $1,086
  • Operating Expense $4,900
  • Gross Income $2,000
  • Net Operating Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,650

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: San Luis Obispo(380)
  • Water Sewer Expenses: 3748.50
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 052071022
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 336.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 977.91
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 10110.00
  • Lot Size Acres: 0.2321

Multi Family

  • Electric Expense: 784.67
  • Gross Income: 2000.00
  • Gross Scheduled Income: 4900.00
  • Insurance Expense: 976.00
  • Lot Size Area: 10110.0000 Square Feet
  • Net Operating Income: 2000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 2525.00
  • Rent Control: No
  • Total Expenses: 4900.00

Tax Info

  • New Taxes Expense: 1086.00
  • Tax Census Tract: 109.01
  • Tax Lot: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2019
Closed on
Nov 7, 2019
Sold by
Tedone Louis Matthew
Bought by
1230 Mvp Llc
Seller's Agent
Linda Wilson
Richardson Sotheby's International Realty
Buyer's Agent
Lindsey Harn
Christie's International Real Estate Sereno
List Price
$1,599,000
Sold Price
$1,125,000
Premium/Discount to List
-$474,000
-29.64%
Current Estimated Value
$1,582,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$457,000

Purchase Details

Closed on
Jun 9, 2004
Sold by
Tedone Louis M
Bought by
Tedone Louis Matthew

Purchase Details

Closed on
Apr 19, 2004
Sold by
Tedone Louis M
Bought by
Manderscheid Richard Thomas and Manderscheid Grace Cecelia

Purchase Details

Closed on
Jul 30, 2001
Sold by
Manderscheid Richard Thomas and Manderscheid Grace Cecelia
Bought by
Monte Vista Partnership

Purchase Details

Closed on
May 16, 2000
Sold by
Manderscheid Richard T and Manderscheid Grace C
Bought by
Manderscheid Richard Thomas and Manderscheid Grace Cecelia
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1230 Mvp Llc $1,125,000 Fidelity National Title Co
Tedone Louis Matthew -- --
Manderscheid Richard Thomas -- --
Manderscheid Richard Thomas -- --
Monte Vista Partnership -- --
Manderscheid Richard Thomas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2019 12/17/19 Sold $1,125,000 -29.6% $337 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/17/2019 10/17/19 For Sale $1,599,000 0.0% $479 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $1,599,000 -- $479 / 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
2021 $12,650 $1,111,396 $1,111,396 $0
2020 $12,782 $1,125,000 $1,100,000 $25,000
2019 $2,201 $130,420 $43,779 $86,641
2018 $2,173 $127,864 $42,921 $84,943
2017 $2,125 $125,358 $42,080 $83,278
2016 $1,722 $122,901 $41,255 $81,646
2015 $1,298 $121,056 $40,636 $80,420
2014 $1,394 $118,685 $39,840 $78,845
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP19220820

California Regional Multiple Listing Service (CRMLS)

APN: 052-071-022