NOT LISTED FOR SALE

1502 Pine St Paso Robles, CA 93446

-- Bed
-- Bath
7,224 Sq Ft
10,000 Sq Ft Lot

Last Sold November 26, 2014

Last sale price $1,100,000 $152 Per Sq Ft

237 Days on Market

Highlights

  • Corner Lot
  • Paso Robles High School Rated A-
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2014

Marketing Remarks: Brokers/Agents: See Confidential Remarks! Seller just raised rents; 4.5% cash flow with 30% down at close and rents still 20% below market. 5 minute walk to City Park. Six 2 bedrooms and three 1 bedroom units. Units are split level; see photos. Carports and garages; remaining carports could easily be converted into garages. This neighborhood is undergoing a revitalization; old homes being renovated and the downtown commercial area has expanded to one block away. Nearby homes are selling for $360,000 to $425,000 and some are now listed in the high $400,000s to low $500,000s.

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 08/01/2014

Last Buyer's Agent

Jim Irving

RE/MAX Parkside Real Estate License #00981882

RE/MAX Parkside Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 10,000 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • 7,224 Sq Ft Home
  • Shingle Roof

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • 9 Units
  • Net Operating Income $65,676

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 008325005

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Subdivision Name Other: PR City Limits West(120)
  • Zoning: APT
  • Property Type: Residential Income
  • Parcel Number: 008325005
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 152.27

Exterior Features

  • Roof: Shingle

Utilities

  • Heating Type: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Paved, Corner Lot
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 10.80
  • Lot Size Area: 10000.0000 Square Feet
  • Net Operating Income: 65676.00
  • Number Of Units Total: 9
  • Operating Expense: 39550.00
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Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2014 11/26/14 Sold $1,100,000 -15.1% $152 / Sq Ft
10/03/2014 10/03/14 Pending -- -- --
02/08/2014 02/08/14 For Sale $1,295,000 -- $179 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,409 $1,322,025 $300,457 $1,021,568
2024 $14,174 $1,296,104 $294,566 $1,001,538
2023 $14,174 $1,270,691 $288,791 $981,900
2022 $13,964 $1,245,777 $283,129 $962,648
2021 $13,725 $1,221,351 $277,578 $943,773
2020 $13,539 $1,208,828 $274,732 $934,096
2019 $13,347 $1,185,127 $269,346 $915,781
2018 $13,165 $1,161,890 $264,065 $897,825
2017 $12,379 $1,139,109 $258,888 $880,221
2016 $12,137 $1,116,774 $253,812 $862,962
2015 $12,091 $1,100,000 $250,000 $850,000
2014 $9,589 $886,103 $194,941 $691,162
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1040966

California Regional Multiple Listing Service (CRMLS)