NOT LISTED FOR SALE

1480 Brighton Ave Grover Beach, CA 93433

Estimated Value: $1,269,000 - $1,404,000

8 Beds
4 Baths
3,405 Sq Ft
$388/Sq Ft Est. Value

Last Sold February 25, 2019

Last sale price $887,500 $261 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,787/month

17 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Arroyo Grande High School Rated A-

About This Home

As of February 2019

Great North Grover Beach Location! This 4-plex features 2-bedroom 1-bath units with a total of three attached 2-car garages. Each unit has a refrigerator, oven/stove and dishwasher with a common laundry area. This clean property is professionally managed, with low vacancy. The tenants are responsible for their own gas and electric. 1484 Brighton is also available.

Last Agent to Sell the Property

John Cole

Richardson Sotheby's International Realty License #01939498 Listed on: 12/03/2018

Last Buyer's Agent

David Gray

Mid-State Realty License #00663517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,900 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Car Garage

Home Design

  • 3,405 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Stucco

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 060176073

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $139
  • Gardener Expense $472
  • Maintenance Expense $4,722
  • Professional Management Expense $4,046
  • Trash Expense $1,583
  • Water Sewer Expense $3,239
  • New Taxes Expense $9,500
  • Operating Expense $23,701
  • Gross Income $62,880
  • Net Operating Income $39,179

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 4046.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Grover Beach(350)
  • Water Sewer Expenses: 3239.00
  • Zoning: R2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 472.00
  • Parcel Number: 060176073
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 260.65

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1583.00
  • 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: Lot 6500-9999
  • Lot Size Sq Ft: 6900.00
  • Lot Size Acres: 0.1584

Rental Info

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

Multi Family

  • Electric Expense: 139.00
  • Gross Income: 62880.00
  • Gross Scheduled Income: 62880.00
  • Lot Size Area: 6900.0000 Square Feet
  • Maintenance Expense: 4722.00
  • Net Operating Income: 39179.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 23701.00
  • Rent Control: No
  • Total Actual Rent: 5240.00
  • Total Expenses: 23701.00

Tax Info

  • New Taxes Expense: 9500.00
  • Tax Census Tract: 120.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2018
Closed on
Jan 3, 2019
Sold by
Starkey James E and Starkey Beverly J
Bought by
Gray Phillip D and Gray Carolyn M
Seller's Agent
John Cole
Richardson Sotheby's International Realty
Buyer's Agent
David Gray
Mid-State Realty
List Price
$950,000
Sold Price
$887,500
Premium/Discount to List
-$62,500
-6.58%
Current Estimated Value
$1,321,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,833
Avg. Annual Appreciation
5.92%

Purchase Details

Closed on
Sep 6, 1996
Sold by
Harkins Thomas P and Harkins Helene L
Bought by
Starkey James E and Starkey Beverly Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,222
Interest Rate
7.95%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gray Phillip D $1,775,000 Fidelity National Title Co
Starkey James E $153,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Starkey James E $82,222
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2019 02/25/19 Sold $887,500 -6.6% $261 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $950,000 -- $279 / 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 $11,115 $990,019 $306,766 $683,253
2024 $11,028 $970,607 $300,751 $669,856
2023 $11,028 $951,576 $294,854 $656,722
2022 $10,857 $932,919 $289,073 $643,846
2021 $10,729 $914,627 $283,405 $631,222
2020 $10,607 $905,250 $280,500 $624,750
2019 $4,673 $394,177 $131,390 $262,787
2018 $4,615 $386,449 $128,814 $257,635
2017 $4,410 $378,873 $126,289 $252,584
2016 $4,109 $371,445 $123,813 $247,632
2015 $4,016 $365,867 $121,954 $243,913
2014 $3,784 $358,702 $119,566 $239,136
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI18282567

California Regional Multiple Listing Service (CRMLS)

APN: 060-176-073