NOT LISTED FOR SALE

1502 Pine St Paso Robles, CA 93446

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

Sale Details

Date 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

10,000 Sq Ft Lot

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

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

Closed on
Jun 21, 2018
Sold by
Bought by

Purchase Details

Listed on
Aug 1, 2014
Closed on
Nov 20, 2014
Sold by
Bought by
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Jim Irving
RE/MAX Parkside Real Estate
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 1, 2014
Closed on
Nov 11, 2014
Sold by
Bought by
Seller's Agent
Guy Torelli
Torelli Investment Realty
Buyer's Agent
Jim Irving
RE/MAX Parkside Real Estate
List Price
$1,295,000
Sold Price
$1,100,000
Premium/Discount to List
-$195,000
-15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 17, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 1996
Sold by
Bought by
Source: Public Records
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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
-- None Available
-- Fidelity National Title Co
$1,100,000 Fidelity National Title Co
-- Cuesta Title Company
$765,000 Fidelity Title Company
-- Fidelity Title Company
-- --
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
Closed $700,000
Closed $610,000
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
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

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
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)
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