NOT LISTED FOR SALE

1508 Warner St Unit A&B Oceano, CA 93445

Oceano Neighborhood

Estimated Value: $561,739 - $758,000

3 Beds
2 Baths
850 Sq Ft
$752/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $420,000 $494 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,012/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wood Siding
  • Arroyo Grande High School Rated A-
  • Wood Fence
  • 4-minute walk to Oceano Dunes State Vehicular Recreation Area

About This Home

As of September 2018

CHARMING MULTI-FAMILY PROPERTY CLOSE TO THE BEACH!!! THIS IS THE LOWEST PRICED MULTI-FAMILY RESIDENCE IN THE 5-CITIES!!!
You will love this charming, single level cottage-style duplex that is nestled on a corner lot among a picturesque garden landscape. The larger two bedroom home features hard flooring, a spacious kitchen, full bathroom with bathtub/shower combination and sliding doors off the master bedroom. where you can enjoy your morning cup of coffee on your private patio overlooking the fully fenced yard. This home also features off street parking next to the large detached single car garage. The smaller one bedroom home features a cozy great-room style kitchen and living area, with hard flooring, a bathroom with a large custom-tiled shower, abundant natural light as well as a spacious fenced yard. This unit also has an off street parking area for two vehicles. As the pictures show, the owners have taken great pride in this property and have made extensive upgrades both inside and out of both units. Each unit has access to a separate laundry room on the property with professionally managed commercial coin operated laundry machines. This delightful duplex would be an ideal home for an investor or first time home buyer, where you could live in one unit and rent the other. However, this amazing duplex is a rare find and will only be available for the buyer who acts now as it truly is the deal of the year!

Last Agent to Sell the Property

James Kelsey

Century 21 Masters-Arroyo Grande License #01354722 Listed on: 08/31/2018

Century 21 Masters-Arroyo Grande

Last Buyer's Agent

James Kelsey

Century 21 Masters-Arroyo Grande License #01354722 Listed on: 08/31/2018

Century 21 Masters-Arroyo Grande

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,460

Year Built

  • Built in 1950

Lot Details

  • 4,500 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is 6-10 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 850 Sq Ft Home
  • Laminate Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 062041037

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $50
  • Insurance Expense $317
  • Water Sewer Expense $120
  • New Taxes Expense $4,500
  • Operating Expense $5,000
  • Gross Income $30,000
  • Net Operating Income $22,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,460

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Washer & Dryer Included
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Oceano(350)
  • View: No
  • Water Sewer Expenses: 120.00
  • Zoning: RMF
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 062041037
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 494.12
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 4500.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 30000.00
  • Gross Scheduled Income: 29700.00
  • Insurance Expense: 317.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 22275.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 7000.00
  • Rent Control: No
  • Total Actual Rent: 2475.00
  • Total Expenses: 5000.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Census Tract: 122.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2024
Sold by
Fleg Richard and Fleg Susan
Bought by
Fleg Family Trust and Fleg
Current Estimated Value
$644,165

Purchase Details

Listed on
Aug 31, 2018
Closed on
Sep 8, 2018
Sold by
Sterling Duke and Sterling Lori
Bought by
Flegg Richard A and Flegg Susan L
Seller's Agent
James Kelsey
Century 21 Masters-Arroyo Grande
Buyer's Agent
James Kelsey
Century 21 Masters-Arroyo Grande
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
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
5.92%

Purchase Details

Closed on
Dec 12, 2017
Sold by
Price Warner Robles Llc 346
Bought by
Sterling Duke S and Sterling Lori A

Purchase Details

Closed on
Aug 29, 2013
Sold by
Sterling Duke S and Sterling Lori A
Bought by
Price Warner Robles 346 Llc

Purchase Details

Closed on
Aug 22, 2012
Sold by
Sterling Duke S and Sterling Lori A
Bought by
Sterling Duke S and Sterling Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,900
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2009
Sold by
Sterling Duke
Bought by
Sterling Duke S and Sterling Lori A

Purchase Details

Closed on
Aug 17, 2006
Sold by
Robertson Carol
Bought by
Sterling Duke
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
Fleg Family Trust -- None Listed On Document
Flegg Richard A $420,000 Fidelity National Title Co
Sterling Duke S -- None Available
Price Warner Robles 346 Llc -- None Available
Sterling Duke S -- Fidelity National Title Co
Sterling Duke S -- Fidelity National Title Co
Sterling Duke S -- None Available
Sterling Duke $250,000 Fidelity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sterling Duke S $150,900
Previous Owner Sterling Duke S $150,900
Previous Owner Sterling Duke $100,000
Previous Owner Sterling Duke $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $420,000 +5.3% $494 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $399,000 -- $469 / 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 $5,460 $468,513 $250,989 $217,524
2024 $5,404 $459,327 $246,068 $213,259
2023 $5,404 $450,322 $241,244 $209,078
2022 $5,332 $441,493 $236,514 $204,979
2021 $5,323 $432,837 $231,877 $200,960
2020 $5,269 $428,400 $229,500 $198,900
2019 $5,236 $420,000 $225,000 $195,000
2018 $3,946 $304,754 $235,495 $69,259
2017 $3,994 $298,779 $230,878 $67,901
2016 $3,613 $292,921 $226,351 $66,570
2015 $3,060 $250,000 $190,000 $60,000
2014 $2,637 $165,000 $125,000 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI18213387

California Regional Multiple Listing Service (CRMLS)

APN: 062-041-037