NOT LISTED FOR SALE

1348 Mentone Ave Grover Beach, CA 93433

Estimated Value: $1,465,000 - $1,641,000

8 Beds
8 Baths
5,064 Sq Ft
$310/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $1,438,000 $284 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,794/month

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Forced Air Heating System
  • Arroyo Grande High School Rated A-
  • Tile Flooring
  • 4-minute walk to Sixteenth Street Park

About This Home

As of January 2022

4 well maintained large townhouse style apartments that feel more like a house. each unit has a similar floor plan with 2 bedrooms, 2 full bathrooms, 2 car garages, laundry hookups in each garage, forced air heating in attic, open kitchen with adjoining vaulted ceiling living room with a fireplace and a sliding glass door to a small balcony. each unit is separately metered for gas and electric. the roof is new, the exterior paint is new, the garage doors are new, all 4 forced air heating units have been replaced. most units have tile flooring in entry, bathrooms and kitchens with carpeting in the bedrooms.

Last Agent to Sell the Property

Robert Lee

California Property Services License #00876258 Listed on: 12/04/2021

Last Buyer's Agent

Andrew Richardson

Richardson Sotheby's International Realty License #01872187

Richardson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,133

Year Built

  • Built in 1987

Lot Details

  • 6,475 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 5,064 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 4 / 155
  • Assessor Parcel Number 060347025

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Grover Beach Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $960
  • Insurance Expense $2,000
  • Professional Management Expense $5,000
  • Trash Expense $960
  • Water Sewer Expense $3,650
  • Gross Income $72,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,133

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Price Per Unit: 357500
  • Professional Management Expense: 5000.00
  • Property Attached: Yes
  • Subdivision Name Other: Grover Beach (330)
  • Water Sewer Expenses: 3650.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 060347025
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 283.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6475.00
  • Lot Size Acres: 0.1486
  • Latitude Manual: 35.11485000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 1250 Square Feet
  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6475.0000 Square Feet
  • Net Operating Income: 42000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 30000.00
  • Rent Control: No

Tax Info

  • Tax Block: 155
  • Tax Census Tract: 120.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2021
Closed on
Jan 26, 2022
Sold by
Patrick Laird
Bought by
Pbt Holdings Llc
Seller's Agent
Robert Lee
California Property Services
Buyer's Agent
Andrew Richardson
Richardson Sotheby's International Realty
List Price
$1,430,000
Sold Price
$1,438,000
Premium/Discount to List
$8,000
0.56%
Current Estimated Value
$1,570,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,189
Avg. Annual Appreciation
4.15%
Original Mortgage
$1,068,750
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2021
Closed on
Dec 15, 2021
Sold by
Mitten Elizabeth and Mitten James
Bought by
Laird Patrick
Seller's Agent
Robert Lee
California Property Services
Buyer's Agent
Andrew Richardson
Richardson Sotheby's International Realty
List Price
$1,430,000
Sold Price
$1,438,000
Premium/Discount to List
$8,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,750
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2002
Sold by
Mitten James C and Mitten Elizabeth Crotty
Bought by
Mitten James C and Mitten Elizabeth

Purchase Details

Closed on
Sep 19, 2000
Sold by
Chu Irwin Y E and Chu Cecilia C
Bought by
Mitten James C and Mitten Elizabeth Crotty
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
Pbt Holdings Llc -- Andre Morris & Buttery Ctc
Laird Patrick $1,438,000 First American Title Company
Mitten James C -- --
Mitten James C $380,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laird Patrick $1,068,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2022 01/12/22 Sold $1,438,000 +0.6% $284 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
12/04/2021 12/04/21 For Sale $1,430,000 -- $282 / 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 $17,133 $1,526,016 $530,604 $995,412
2024 $16,998 $1,496,095 $520,200 $975,895
2023 $16,998 $1,466,760 $510,000 $956,760
2022 $6,279 $539,559 $141,984 $397,575
2021 $6,205 $528,980 $139,200 $389,780
2020 $6,135 $523,557 $137,773 $385,784
2019 $6,085 $513,292 $135,072 $378,220
2018 $6,009 $503,228 $132,424 $370,804
2017 $5,742 $493,362 $129,828 $363,534
2016 $5,351 $483,689 $127,283 $356,406
2015 $5,230 $476,425 $125,372 $351,053
2014 $4,927 $467,094 $122,917 $344,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21259677

California Regional Multiple Listing Service (CRMLS)

APN: 060-347-025