NOT LISTED FOR SALE

1505 Atlantic City Ave Grover Beach, CA 93433

Estimated Value: $1,510,000 - $1,570,000

8 Beds
4 Baths
4,384 Sq Ft
$350/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $1,060,000 $242 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $9,390/month

15 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • Walk-In Closet
  • Forced Air Heating System

About This Home

As of February 2019

Great North Grover Beach Location! The 4-plex has roomy 2-bedroom 1.5 bath units all with attached 2-car garages. Each unit has a refrigerator, oven/stove and dishwasher with laundry hookups in each unit. This clean property is professionally managed, with low vacancy. The tenants are responsible for their own gas and electric.

Last Agent to Sell the Property

John Cole

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

Last Buyer's Agent

Linda Fibich

Compass California, Inc.-PB License #00705843

Compass California, Inc.-PB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,275

Year Built

  • Built in 1986

Lot Details

  • 10,010 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 8 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,384 Sq Ft Home
  • Ocean Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 060033026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $162
  • Gardener Expense $1,020
  • Maintenance Expense $1,136
  • Other Expense $2,294
  • Professional Management Expense $4,362
  • Water Sewer Expense $4,017
  • New Taxes Expense $11,000
  • Operating Expense $23,991
  • Gross Income $69,000
  • Net Operating Income $45,009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,275

Year Built

Built in 1986

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 4362.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Grover Beach(350)
  • View: Yes
  • Water Sewer Expenses: 4017.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 060033026
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 241.79
  • Room Type: All Bedrooms Up, Master Bathroom, Walk-In Closet

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10010.00
  • Lot Size Acres: 0.2298

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 162.00
  • Gross Income: 69000.00
  • Gross Scheduled Income: 69000.00
  • Lot Size Area: 10010.0000 Square Feet
  • Maintenance Expense: 1136.00
  • Net Operating Income: 45009.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 23991.00
  • Other Expense: 2294.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Expenses: 23991.00

Tax Info

  • New Taxes Expense: 11000.00
  • 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 Bevelry Joy
Bought by
Burton Fletcher and Smith Macy
Seller's Agent
John Cole
Richardson Sotheby's International Realty
Buyer's Agent
Linda Fibich
Compass California, Inc.-PB
List Price
$1,100,000
Sold Price
$1,060,000
Premium/Discount to List
-$40,000
-3.64%
Current Estimated Value
$1,520,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,299
Avg. Annual Appreciation
5.84%
Original Mortgage
$20,000
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 31, 1996
Sold by
Harkins Tom and Harkins Helene
Bought by
Starkey James E and Starkey Beverly Joy
Source: Public Records

Range of Values:

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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
Burton Fletcher $1,060,000 Fidelity National Title Co
Starkey James E -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burton Fletcher $795,000
Closed Starkey James $20,000
Closed Burton Fletcher $795,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2019 02/15/19 Sold $1,060,000 -3.6% $242 / Sq Ft
12/18/2018 12/18/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $1,100,000 -- $251 / 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 $13,275 $1,182,445 $362,541 $819,904
2024 $13,171 $1,159,261 $355,433 $803,828
2023 $13,171 $1,136,531 $348,464 $788,067
2022 $12,967 $1,114,247 $341,632 $772,615
2021 $12,814 $1,092,400 $334,934 $757,466
2020 $12,669 $1,081,200 $331,500 $749,700
2019 $5,523 $465,871 $137,337 $328,534
2018 $5,454 $456,738 $134,645 $322,093
2017 $5,212 $447,783 $132,005 $315,778
2016 $4,857 $439,004 $129,417 $309,587
2015 $4,747 $432,411 $127,474 $304,937
2014 $4,472 $423,941 $124,977 $298,964
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI18283138

California Regional Multiple Listing Service (CRMLS)

APN: 060-033-026