NOT LISTED FOR SALE

1503 Saratoga Ave Grover Beach, CA 93433

Estimated Value: $1,029,000 - $1,306,411

6 Beds
3 Baths
2,400 Sq Ft
$492/Sq Ft Est. Value

Last Sold March 22, 2019

Last sale price $900,000 $375 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,374/month

28 Days on Market

Highlights

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

About This Home

As of March 2019

North Grover single story triplex in excellent condition. These units have two bedrooms and one bath and a single car garage. The owner has owned them for many years and has enjoyed very high occupancy rates. The units were all updated in early 2018. The complex is professionally managed and the rent for all three units is currently $1,600 per month per unit.

Last Agent to Sell the Property

Dennis Allan

Allan Real Estate Investments License #00961923 Listed on: 01/03/2019

Last Buyer's Agent

Joseph Sarullo

Apex Capital Management Group License #02242511

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,271

Year Built

  • Built in 1976

Lot Details

  • 10,050 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • 2,400 Sq Ft Home
  • Triplex
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 060121035

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Other Expense $2,130
  • Trash Expense $1,150
  • Water Sewer Expense $6,380
  • New Taxes Expense $9,500
  • Operating Expense $20,160
  • Gross Income $37,450
  • Net Operating Income $37,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,271

Year Built

Built in 1976

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Price Per Unit: 316667
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: North Grover Beach(350)
  • Water Sewer Expenses: 6380.00
  • Zoning: R2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 060121035
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 375.00

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1150.00
  • 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: Level with Street
  • Lot Size Sq Ft: 10050.00
  • Lot Size Acres: 0.2307

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 37450.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 10050.0000 Square Feet
  • Net Operating Income: 37450.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 20160.00
  • Other Expense: 2130.00
  • Rent Control: No
  • Total Expenses: 20160.00

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2021
Sold by
Michael Dalia and Shaker Mina
Bought by
Michael Dalia and Shaker Mina
Current Estimated Value
$1,181,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,510
Outstanding Balance
$484,288
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$725,234

Purchase Details

Listed on
Jan 3, 2019
Closed on
Feb 8, 2019
Sold by
Landon David Frederick and Landon Family Trust
Bought by
Michael Dalia and Shaker Mina
Seller's Agent
Dennis Allan
Allan Real Estate Investments
Buyer's Agent
Joseph Sarullo
Apex Capital Management Group
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 1994
Sold by
Landon Cass O and Landon Marilyn H
Bought by
Landon Cass O and Landon Marilyn H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Michael Dalia -- Pacific Coast Title Company
Michael Dalia -- Pacific Coast Title Company
Michael Dalia $900,000 Fidelity National Title Co
Landon Cass O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael Dalia $536,510
Closed Michael Dalia $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $900,000 -5.3% $375 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/03/2019 01/03/19 For Sale $950,000 -- $396 / 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 $11,271 $1,003,963 $334,654 $669,309
2024 $11,183 $984,279 $328,093 $656,186
2023 $11,183 $964,980 $321,660 $643,320
2022 $11,010 $946,059 $315,353 $630,706
2021 $10,880 $927,510 $309,170 $618,340
2020 $10,757 $918,000 $306,000 $612,000
2019 $10,669 $900,000 $300,000 $600,000
2018 $3,210 $268,853 $149,366 $119,487
2017 $3,068 $263,583 $146,438 $117,145
2016 $2,859 $258,416 $143,567 $114,849
2015 $2,794 $254,535 $141,411 $113,124
2014 $2,632 $249,550 $138,641 $110,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI19001758

California Regional Multiple Listing Service (CRMLS)

APN: 060-121-035