NOT LISTED FOR SALE

Estimated Value: $1,150,000 - $1,268,000

4 Beds
4 Baths
2,181 Sq Ft
$555/Sq Ft Est. Value

Last Sold August 07, 2024

Last sale price $1,200,000 $550 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,523/month

5 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Laundry Room
  • Baywood Elementary School Rated A-
  • Hiking Trails
  • Horse Trails

About This Home

As of August 2024

This charming duplex property offers two fully renovated units, with Unit A rented for $2,900/month and Unit B rented for $3,200/month, generating a robust monthly income of $6,100. Both units have been extensively renovated at a cost of more than $200,000, ensuring modern and comfortable living spaces. The back unit has a nice sized backyard and patio to enjoy. Located on the picturesque Central Coast, this duplex is close to shopping, dining, and entertainment, and just minutes away from Montana de Oro State Park, Morro Bay, and numerous outdoor activities like hiking, biking, and kayaking. Nearby amenities include grocery stores, cafes, bakeries, restaurants, schools, and public transportation, ensuring convenience for tenants. With its strong rental market, low vacancy rates, and prime location, this property is a fantastic investment opportunity in a highly desirable area. Don't miss out. Call today to schedule a viewing and secure this lucrative rental property in Los Osos!

Last Agent to Sell the Property

Benjamin Tilbury

Keller Williams Realty Central Coast Brokerage Phone: 925-550-6833 License #02026424 Listed on: 07/02/2024

Keller Williams Realty Central Coast

Last Buyer's Agent

Kathy Taverner

BHGRE HAVEN PROPERTIES License #00870894

BHGRE HAVEN PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,326

Year Built

  • Built in 1981

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,181 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 38 / 34
  • Assessor Parcel Number 038102023

Community Details

Overview

  • 2 Units
  • Foothills
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $95
  • Electric Expense $145
  • Gardener Expense $100
  • Insurance Expense $60
  • Other Expense $15
  • Trash Expense $70
  • Water Sewer Expense $120
  • Operating Expense $21,960
  • Gross Income $73,200
  • Net Operating Income $51,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,326

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.45
  • Price Per Unit: 575000
  • Property Attached: Yes
  • Subdivision Name Other: Baywood
  • Water Sewer Expenses: 120.00
  • Zoning: RMF
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 038102023
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: North Side
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 550.21

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 70.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Fishing, Foothills, Golf, Hiking, Horse Trails, Park, Watersports, Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435
  • Latitude Manual: 35.32886900

Multi Family

  • Average1 Bed Area: 1090 Square Feet
  • Cable TV Expense: 95.00
  • Electric Expense: 145.00
  • Gross Income: 73200.00
  • Gross Operating Income: 69840.00
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 60.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 51240.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Operating Expense: 21960.00
  • Operating Expense Percent: 30.00
  • Other Expense: 15.00
  • Other Expense Description: GAS
  • Other Income Description: Expenses and NOI are estimated
  • Rent Control: No
  • Total Actual Rent: 6000.00
  • Total Expenses: 21960.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 34
  • Tax Census Tract: 107.01
  • Tax Lot: 38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Sep 24, 2024
Sold by
Weinstock Family Trust and Weinstock Werner
Bought by
1259 4Th Lo Llc
Seller's Agent
Benjamin Tilbury
Keller Williams Realty Central Coast
Buyer's Agent
Kathy Taverner
BHGRE HAVEN PROPERTIES
List Price
$1,150,000
Sold Price
$1,200,000
Premium/Discount to List
$50,000
4.35%
Views
2
Current Estimated Value
$1,209,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,495
Avg. Annual Appreciation
1.12%

Purchase Details

Listed on
Jul 2, 2024
Closed on
Jul 16, 2024
Sold by
Thrive Property Mgmt Slo and Thrive Property Mgmt Slo Llc
Bought by
Weinstock Family Trust and Weinstock
Seller's Agent
Benjamin Tilbury
Keller Williams Realty Central Coast
Buyer's Agent
Kathy Taverner
BHGRE HAVEN PROPERTIES
List Price
$1,150,000
Sold Price
$1,200,000
Premium/Discount to List
$50,000
4.35%
Views
2

Purchase Details

Closed on
Apr 23, 2024
Sold by
Hammett Erin Kenney and Hammett Gregory Joseph
Bought by
Thrive Property Mgmt Slo

Purchase Details

Closed on
Apr 25, 2022
Sold by
Sharp Family 1998 Trust
Bought by
Hammett Gregory Joseph and Hammett Erin Kenney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2019
Sold by
Sharp Henry L and Sharp Virginia K
Bought by
Sharp Henry L and Sharp Virginia K

Purchase Details

Closed on
Jun 21, 2002
Sold by
Sharp Virginia Krauszer
Bought by
Sharp Virginia Krauszer and Virginia Krauszer Sharp Trust

Purchase Details

Closed on
Mar 16, 1998
Sold by
Krauszer Lois
Bought by
Krauszer Lois V and Lois V Krauszer 1988 Trust

Purchase Details

Closed on
Jan 29, 1998
Sold by
Krauszer Virginia R
Bought by
Sharp Virginia Krauszer and Virginia Krauszer Sharp Trust
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
1259 4Th Lo Llc -- None Listed On Document
Weinstock Family Trust $1,200,000 Fidelity National Title
Thrive Property Mgmt Slo -- None Listed On Document
Hammett Gregory Joseph $828,000 Placer Title
Sharp Henry L -- None Available
Sharp Henry L -- None Available
Sharp Virginia Krauszer -- None Available
Sharp Virginia Krauszer -- --
Sharp Virginia Krauszer -- --
Krauszer Lois V -- --
Sharp Virginia Krauszer -- --
Sharp Virginia Krauszer -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hammett Gregory Joseph $621,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $1,200,000 +4.3% $550 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $1,150,000 +38.9% $527 / Sq Ft
07/15/2022 07/15/22 Sold $828,000 +4.2% $380 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $795,000 -- $365 / 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 $13,326 $1,200,000 $675,000 $525,000
2024 $12,357 $844,560 $382,500 $462,060
2023 $12,357 $828,000 $375,000 $453,000
2022 $6,291 $268,163 $112,476 $155,687
2021 $6,221 $262,906 $110,271 $152,635
2020 $5,934 $260,211 $109,141 $151,070
2019 $5,988 $255,109 $107,001 $148,108
2018 $5,786 $250,107 $104,903 $145,204
2017 $5,837 $245,204 $102,847 $142,357
2016 $4,091 $240,397 $100,831 $139,566
2015 $4,050 $236,787 $99,317 $137,470
2014 $3,829 $232,150 $97,372 $134,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24135082

California Regional Multiple Listing Service (CRMLS)

APN: 038-102-023