NOT LISTED FOR SALE

Estimated Value: $610,000 - $767,000

4 Beds
3 Baths
1,147 Sq Ft
$605/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $650,000 $567 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,292/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to Oceano Dunes State Vehicular Recreation Area
  • Arroyo Grande High School Rated A-
  • 1-Story Property

About This Home

As of October 2023

Welcome to the charming coastal town of Oceano, California, where this exceptional tri-plex property is awaiting its new owner. With a superb location and a unique combination of living spaces, this property offers an incredible investment opportunity. Situated in a quiet neighborhood, this tri-plex features one studio, two-bedroom and one-bathroom unit, perfect for a family or couple seeking a comfortable living space. The unit boasts a thoughtfully designed floor plan that maximizes functionality and natural light, creating a warm and inviting atmosphere. The bedrooms provide ample space for relaxation, while the bathroom is tastefully designed with modern fixtures and finishes. Additionally, this tri-plex includes two charming studio units, ideal for individuals or couples looking for a cozy and private living space. These studios offer a compact yet efficient layout, with a combined living and sleeping area, a well-equipped kitchenette, and a separate bathroom. They are perfect for renting out to tenants or for accommodating extended family members. One of the standout features of this property is the owned solar system, providing substantial energy savings and promoting eco-friendly living. With solar panels already installed, you can enjoy reduced electricity costs while embracing sustainable energy practices.Nestled in the heart of Oceano, this tri-plex offers convenient access to a wealth of amenities. From pristine beaches and picturesque parks to charming local shops and restaurants, everything you need is just a short distance away. Outdoor enthusiasts will appreciate the proximity to recreational areas, including dunes, hiking and biking adventures. Whether you are an astute investor or someone seeking a multi-unit property with income potential, this tri-plex in Oceano is an exceptional offering. Don't miss the opportunity to own a versatile property in this desirable coastal community. Schedule your viewing today and experience the endless possibilities this tri-plex has to offer!

Last Agent to Sell the Property

Andrew Romero

eXp Realty of California, Inc. License #01994364 Listed on: 07/28/2023

eXp Realty of California, Inc.

Last Buyer's Agent

Patrick Bashforth

eXp Realty of California, Inc. License #02106565

eXp Realty of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,166

Year Built

  • Built in 1954

Lot Details

  • 4,792 Sq Ft Lot
  • No Landscaping
  • Property is zoned RMF

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4 Bedrooms
  • 1,147 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 3 / 5
  • Assessor Parcel Number 062051028

Community Details

Overview

  • No Home Owners Association
  • Oceano Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,166

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Inclusions: 2 washers, 1 Dryer, 3 stoves
  • Price Per Unit: 208333
  • Property Attached: Yes
  • Subdivision Name Other: Oceano(350)
  • Water Sewer Expenses: 780.00
  • Zoning: RMF
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 062051028
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Main entry
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 566.70

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Unknown
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: None

Multi Family

  • Fuel Expense: 840.00
  • Gross Income: 33000.00
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 32590.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4140.00
  • Rent Control: No
  • Total Expenses: 2640.00

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 122.01
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2023
Sold by
John G Christie Living Trust
Bought by
Ll Investment Properties Llc
Current Estimated Value
$694,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2022
Sold by
Christie John G
Bought by
John G Christie Living Trust

Purchase Details

Listed on
Jan 18, 2012
Closed on
Feb 21, 2012
Sold by
Woodham Lavonne M
Bought by
Christie John G
Seller's Agent
Dick Keenan
Keller Williams Realty-Central
Buyer's Agent
Shannon Bowdey
Keller Williams Realty-Central
List Price
$74,900
Sold Price
$69,900
Premium/Discount to List
-$5,000
-6.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.37%
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
Ll Investment Properties Llc $650,000 First American Title
John G Christie Living Trust -- --
Christie John G $70,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ll Investment Properties Llc $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2023 10/27/23 Sold $650,000 +4.0% $567 / Sq Ft
08/05/2023 08/05/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $625,000 +794.1% $545 / Sq Ft
02/23/2012 02/23/12 Sold $69,900 -6.7% $93 / Sq Ft View Prior Sale
02/03/2012 02/03/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $74,900 -- $100 / 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 $7,166 $663,000 $433,500 $229,500
2024 $2,434 $650,000 $425,000 $225,000
2023 $2,434 $199,896 $60,358 $139,538
2022 $2,402 $195,977 $59,175 $136,802
2021 $2,398 $192,135 $58,015 $134,120
2020 $2,374 $190,166 $57,421 $132,745
2019 $2,359 $186,439 $56,296 $130,143
2018 $2,311 $182,785 $55,193 $127,592
2017 $2,254 $179,202 $54,111 $125,091
2016 $2,121 $175,689 $53,050 $122,639
2015 $1,858 $173,051 $52,254 $120,797
2014 $966 $91,621 $51,231 $40,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23139377

California Regional Multiple Listing Service (CRMLS)

APN: 062-051-028