NOT LISTED FOR SALE

1231 Mentone Ave Unit A Grover Beach, CA 93433

Estimated Value: $756,000 - $1,510,516

8 Beds
6 Baths
4,330 Sq Ft
$273/Sq Ft Est. Value

Last Sold December 23, 2016

Last sale price $950,000 $219 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,456/month

14 Days on Market

About This Home

As of December 2016

Marketing Remarks: Pride of ownership, low maintenance, low expense fourplex in Grover Beach. All 2 bedroom / 1.5 bath units, built in 2004, separately metered for gas, electric & water! Dishwashers fireplaces, gas appliances. Rental upside. 3 upstairs units have large balconies and the downstairs unit has a very nice rear patio & backyard. 8 carport spaces, which could be converted to garages, and 2 guest spots. Collect extra income from onsite laundry. 1 mile from the ocean and a easy half mile stroll to the Grand Avenue corridor with restaurants, grocery markets, etc. Local parks are within a block and Grover Beach Elementary is 2 blocks away. 2.5 miles to the Village of Arroyo Grande & 3 miles to downtown Pismo Beach!

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 11/04/2016

Last Buyer's Agent

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 11/04/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,378

Year Built

  • Built in 2004

Lot Details

  • 7,501

Home Design

  • 4,330 Sq Ft Home
  • Slab Foundation
  • Clay Roof

Additional Features

  • 7,501 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, water, electricity
  • Assessor Parcel Number 060344013

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $64,800
  • Net Operating Income $44,977

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,378

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Subdivision Name Other: Grover Beach(330)
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 060344013
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 219.40

Exterior Features

  • Foundation: Slab
  • Roof: Clay

Utilities

  • Heating Type: Forced Air

Lot Info

  • Lot Size Sq Ft: 7501.00

Rental Info

  • Tenant Pays: Gas, Water, Electricity

Multi Family

  • Gross Multiplier: 15.40
  • Gross Operating Income: 64800.00
  • Net Operating Income: 44977.00
  • Number Of Units Total: 4
  • Operating Expense: 19823.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2020
Sold by
Vick Doris G and Vick Roland H
Bought by
Vick Doris G and Vick Roland H
Current Estimated Value
$1,181,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,000
Outstanding Balance
$558,051
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$623,328

Purchase Details

Listed on
Nov 4, 2016
Closed on
Nov 28, 2016
Sold by
Crowder Franklin C and Crowder Annette L
Bought by
Vick Doris G and Vick Roland H
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Guy Torelli
Torelli Investment Realty
List Price
$1,000,000
Sold Price
$950,000
Premium/Discount to List
-$50,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.54%
Original Mortgage
$660,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2011
Sold by
Crowder Franklin C and Crowder Annette L
Bought by
Crowder Franklin C and Crowder Annette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2005
Sold by
1231 Mentone Avenue Llc
Bought by
Wek Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 14, 2005
Sold by
Wek Maria M
Bought by
Crowder Frank C and Crowder Annette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 6, 2005
Sold by
Crowder Frank C and Crowder Annette L
Bought by
Crowder Frank C and Crowder Annette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 4, 2005
Sold by
Novoa Donna
Bought by
Novoa Kevin Roy

Purchase Details

Closed on
Mar 29, 2005
Sold by
Wek Maria M
Bought by
1231 Mentone Avenue Llc

Purchase Details

Closed on
Sep 10, 2002
Sold by
Wright Dennis A and Thies Stephanie
Bought by
Wek Walter and Wek Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000
Interest Rate
6.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 29, 1999
Sold by
Pereira Evelyn
Bought by
Wright Dennis A and Thies Wright Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,250
Interest Rate
6.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vick Doris G -- Accommodation
Vick Doris G -- Fidelity National Title Co
Vick Doris G $950,000 Fidelity National Title Co
Crowder Franklin C -- Accommodation
Crowder Franklin C -- Fidelity National Title Co
Wek Maria M -- Fidelity Title Company
Crowder Frank C $1,080,000 Fidelity Title Company
Crowder Frank C -- Fidelity Title Company
Novoa Kevin Roy -- --
1231 Mentone Avenue Llc -- --
Wek Walter $275,000 Chicago Title Company
Wright Dennis A $111,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vick Doris G $626,000
Closed Vick Doris G $626,000
Closed Vick Doris G $660,000
Previous Owner Crowder Franklin C $435,000
Previous Owner Crowder Frank C $475,000
Previous Owner Wek Maria M $56,622
Previous Owner Wek Maria M $564,000
Previous Owner Wek Walter $1,072,109
Previous Owner Wright Dennis $4,000
Previous Owner Wright Dennis A $20,000
Previous Owner Wright Dennis A $102,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2016 12/23/16 Sold $950,000 -5.0% $219 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $1,000,000 -- $231 / 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
2025 $12,378 $1,102,550 $493,245 $609,305
2024 $12,281 $1,080,932 $483,574 $597,358
2023 $12,281 $1,059,739 $474,093 $585,646
2022 $12,091 $1,038,961 $464,798 $574,163
2021 $11,948 $1,018,590 $455,685 $562,905
2020 $11,307 $1,008,147 $451,013 $557,134
2019 $11,717 $988,380 $442,170 $546,210
2018 $11,571 $969,000 $433,500 $535,500
2017 $11,057 $950,000 $425,000 $525,000
2016 $9,404 $850,000 $350,000 $500,000
2015 $6,971 $635,000 $335,000 $300,000
2014 $6,276 $1,203,971 $668,873 $535,098
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Guy Torelli

    Torelli Investment Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1072699

California Regional Multiple Listing Service (CRMLS)

APN: 060-344-013

California San Luis Obispo County Grover Beach 93433

1231 Mentone Ave Unit A, Grover Beach, CA

This home is located at 1231 Mentone Ave Unit A, Grover Beach, CA 93433 since 04 November 2016 and is currently estimated at $1,181,379, approximately $272 per square foot. This property was built in 2004. 1231 Mentone Ave Unit A is a home located in San Luis Obispo County with nearby schools including Grover Beach Elementary School, Judkins Middle School, and Arroyo Grande High School.

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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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