Joshua Farris
Guide Real Estate
(805) 257-1597
58 Total Sales
5 in Oceano
$535K - $705K Price Range
1399 S 4th St Oceano, CA 93445
Oceano NeighborhoodEstimated Value: $2,141,589
Studio
--
Bath
10,620
Sq Ft
$202/Sq Ft
Est. Value
About This Home
As of August 20176.6% CAP on current rents with a 7.1% cash on cash return on $550,000 cash down payment. Well maintained and easy to operate mini storage in Oceano. Two apartments make it easy to manage. The couple in the two bedroom unit currently show any vacant units and keep the property clean. Extremely low vacancy in the storage market. Located in Oceano adjacent to Grover Beach and Arroyo Grande. A few minutes from the approved Grover Beach Lodge and Convention Center scheduled to break ground late summer of 2017. Please drive by only or contact listing broker for a tour. Do not disturb tenants. See attached marketing brochure.
Last Agent to Sell the Property
Guy Torelli
Torelli Investment Realty License #00666517 Listed on: 06/19/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 17,615 Sq Ft Lot
- 1 Common Wall
- Density is 21-25 Units/Acre
Parking
- 4 Car Garage
Home Design
- 10,620 Sq Ft Home
- Property Attached
Laundry
- Laundry in Garage
Listing and Financial Details
- Assessor Parcel Number 062291026
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 61 Units
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,800
- Insurance Expense $2,354
- Maintenance Expense $6,500
- Professional Management Expense $6,000
- Trash Expense $960
- Water Sewer Expense $1,220
- New Taxes Expense $14,500
- Operating Expense $30,694
- Gross Income $130,200
- Net Operating Income $95,600
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2017
Closed on
Aug 1, 2017
Sold by
Bought by
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Stacy Bromley
Central Coast Beach Properties
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$791,589
Avg. Annual Appreciation
5.30%
Purchase Details
Closed on
Jul 27, 2016
Sold by
Bought by
Purchase Details
Closed on
Oct 12, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
5.05%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 14, 1991
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Oceano, CA
-
Joshua Farris
-
Allan Mann
Allan Mann
Time Realty Property Management
(805) 790-7958
123 Total Sales
1 in Oceano
$1,126,300 Price
-
Erik O'Sullivan
Erik O'Sullivan
RE/MAX Success
(805) 819-5694
42 Total Sales
1 in Oceano
$95,000 Price
-
Cory Mason
Cory Mason
Home Again
(805) 519-7564
22 Total Sales
2 in Oceano
$415,000 Price Range
-
Triet Nguyen
Triet Nguyen
Tera Real Estate
(650) 885-9155
64 Total Sales
1 in Oceano
$1,100,000 Price
-
Claudia Medina
Claudia Medina
Coldwell Banker West
(619) 304-7707
28 Total Sales
2 in Oceano
$869,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,350,000 | Fidelity National Title Co | ||
| $1,020,000 | Fidelity National Title Co | ||
| $700,000 | Fidelity National Title Co | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $650,000 | ||
| Previous Owner | $575,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2017 08/25/17 | Sold | $1,350,000 | -6.9% | $127 / Sq Ft |
| 06/19/2017 06/19/17 | For Sale | $1,450,000 | -- | $137 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $16,558 | $1,566,784 | $522,260 | $1,044,524 |
| 2025 | $16,029 | $1,536,064 | $512,020 | $1,024,044 |
| 2024 | $15,847 | $1,505,946 | $501,981 | $1,003,965 |
| 2023 | $15,847 | $1,476,419 | $492,139 | $984,280 |
| 2022 | $15,609 | $1,447,471 | $482,490 | $964,981 |
| 2021 | $15,650 | $1,425,564 | $473,030 | $952,534 |
| 2020 | $15,471 | $1,410,767 | $468,180 | $942,587 |
| 2019 | $15,359 | $1,382,989 | $459,000 | $923,989 |
| 2018 | $15,101 | $1,350,000 | $450,000 | $900,000 |
| 2017 | $11,466 | $1,020,000 | $360,000 | $660,000 |
| 2016 | $7,344 | $655,000 | $265,000 | $390,000 |
| 2015 | $7,033 | $655,000 | $265,000 | $390,000 |
| 2014 | $6,909 | $655,000 | $265,000 | $390,000 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2017
Guy Torelli
Torelli Investment Realty
-
Stacy Bromley
Buyer's Agent in 2017
Stacy Bromley
Central Coast Beach Properties
(805) 459-9922
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SP17138822
APN: 062-291-026
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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