$750,000
SOLD DEC 20, 2024
5 Beds
3 Baths
1,936 Sq Ft
6,615 Sq Ft Lot

Recently Sold

$387 Per Sq Ft

10% Below List Price

71 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • Living Room
  • Bike Trail

About This Home

As of December 2024

Discover incredible income potential with these charming beachside homes! This unique property features two delightful residences, each with its own distinct appeal and separate utility meters. The first home, located at 1440, boasts a spacious and airy floor plan with 3 bedrooms and 2 baths. Modern stainless steel appliances and a large island open to the family room make this home a dream for entertaining. Imagine hosting gatherings in the expansive, low-maintenance backyard—perfect for BBQs, a lively game of cornhole, or a fun match of ping pong. Unwind on the balcony with a great book and enjoy the refreshing sea breeze. The second home, at 1488, offers 2 bedrooms and 1 bath single story with stylish laminate flooring throughout. This cozy abode provides ample storage and counter space, ensuring convenience and comfort. The generous backyard invites you to entertain guests, cultivate a vibrant vegetable and herb garden in raised beds, or simply relax with a glass of fine wine under the stars. Both homes offer ample parking space and are ideally situated just minutes from the beach, the renowned Melodrama theater, fresh fruit stands, popular restaurants, and excellent schools. Duplex properties of this caliber rarely come to market—don't miss your chance to own this exceptional income-generating gem!

Last Agent to Sell the Property

Lindsey Harn

Christie's International Real Estate Sereno Brokerage Phone: 805-441-7744 License #01868098 Listed on: 08/12/2024

Christie's International Real Estate Sereno

Last Buyer's Agent

Travis Holderness

Comet Realty License #02179554

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,896

Year Built

  • Built in 1980

Lot Details

  • 6,615 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,936 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Carport
  • Parking Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 12
  • Tax Tract Number 684
  • Assessor Parcel Number 062064013

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Oceano Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Other Expense $2,400
  • Trash Expense $900
  • Operating Expense $4,500
  • Gross Income $17,040
  • Net Operating Income $12,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,896

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Oceano(350)
  • View: Yes
  • Zoning: RMF
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 062064013
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 387.40
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6615.00
  • Lot Size Acres: 0.1519

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 17040.00
  • Gross Scheduled Income: 17040.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6615.0000 Square Feet
  • Net Operating Income: 12540.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 4500.00
  • Other Expense: 2400.00
  • Rent Control: No
  • Total Expenses: 4500.00

Tax Info

  • Tax Census Tract: 122.02
  • Tax Lot: 12
  • Tax Tract Number: 684

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2024
Closed on
Oct 29, 2024
Sold by
Martha Morales-Jones Trust and Morales Adam
Bought by
Gmam Investments Llc
Seller's Agent
Lindsey Harn
Christie's International Real Estate Sereno
Buyer's Agent
Travis Holderness
Comet Realty
List Price
$829,000
Sold Price
$750,000
Premium/Discount to List
-$79,000
-9.53%
Views
90
Current Estimated Value
$758,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,169
Avg. Annual Appreciation
1.28%

Purchase Details

Closed on
Dec 18, 2013
Sold by
Morales Jones Martha
Bought by
Morales Jones Martha and The Martha Morales Jones Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $750,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $750,000 -6.1% $387 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
10/17/2024 10/17/24 Price Changed $799,000 -3.6% $413 / Sq Ft
08/12/2024 08/12/24 For Sale $829,000 -- $428 / 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 $5,896 $750,000 $425,000 $325,000
2024 $5,835 $500,639 $204,806 $295,833
2023 $5,835 $490,824 $200,791 $290,033
2022 $5,756 $481,201 $196,854 $284,347
2021 $5,746 $471,767 $192,995 $278,772
2020 $5,688 $466,931 $191,017 $275,914
2019 $5,651 $457,776 $187,272 $270,504
2018 $5,544 $448,800 $183,600 $265,200
2017 $2,840 $208,549 $97,000 $111,549
2016 $2,664 $204,461 $95,099 $109,362
2015 $2,162 $201,391 $93,671 $107,720
2014 $2,009 $197,447 $91,837 $105,610
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24148353

California Regional Multiple Listing Service (CRMLS)

APN: 062-064-013