NOT LISTED FOR SALE
-- Bed
-- Bath
14,700 Sq Ft
0.75 Acre Lot

Sale Details

Date Sold: December 31, 2012

Last sale price $2,385,000 $162 Per Sq Ft

360 Days on Market

Highlights

  • Private Pool
  • Laundry Facilities
  • Paved or Partially Paved Lot
  • 0.74 Acre Lot

About This Home

As of December 2012

Marketing Remarks: 22 turn-key units in superb North Grover Beach location, with excellent curb appeal. These units have been well maintained, have gorgeous views of dunes, ocean, and city lights, and are easily rented up upon vacancy. There are twenty-one 2-bedrooms and one 1-bedroom. All units have covered parking. The tenants enjoy swimming pool and coin operated laundry as conveniences to this carefree living complex. Walking distance beach, shopping, and public transportation. Upside in rents, this is a great deal.

Last Agent to Sell the Property

Kevin King

King Properties License #01013696 Listed on: 08/08/2011

King Properties

Last Buyer's Agent

Kevin King

King Properties License #01013696 Listed on: 08/08/2011

King Properties
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 32,539 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Lot Sloped Down

Home Design

  • 14,700 Sq Ft Home
  • Slab Foundation
  • Tar and Gravel Roof

Parking

  • Parking Available
  • Covered Parking
  • On-Site Parking

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Cable TV Available

Community Details

  • 22 Units
  • Laundry Facilities
  • Net Operating Income $162,260

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 060176069

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.75 Acres

Listing Details

  • CapRate: 6.25
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 060176069
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 162.24

Exterior Features

  • Foundation: Slab
  • Pool Private: Yes
  • Roof: Tar/Gravel

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, On Site

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Sloped Down, Paved
  • Lot Size Sq Ft: 32539.00
  • Lot Size Acres: 0.7400

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Lot Size Area: 0.7400 Acres
  • Net Operating Income: 162260.00
  • Number Of Units Total: 22
  • Operating Expense: 91210.00

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
Oct 13, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 2013
Sold by
Bought by

Purchase Details

Listed on
Aug 8, 2011
Closed on
Dec 11, 2012
Sold by
Bought by
Seller's Agent
Kevin King
King Properties
Buyer's Agent
Kevin King
King Properties
List Price
$2,650,000
Sold Price
$2,385,000
Premium/Discount to List
-$265,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.27%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 1, 2011
Sold by
Bought by

Purchase Details

Closed on
May 6, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grover Beach, CA

See All Agents

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
-- Accommodation
-- None Available
-- First American Title Company
-- First American Title Company
$1,095,000 Fidelity National Title Co
$1,210,000 Fidelity National Title Co
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
Open $4,700,000
Closed $3,000,000
Previous Owner $1,600,000
Previous Owner $1,525,000
Previous Owner $1,242,500
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
12/31/2012 12/31/12 Sold $2,385,000 -10.0% $162 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
08/08/2011 08/08/11 For Sale $2,650,000 -- $180 / 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
2026 $33,928 $3,000,900 $1,025,306 $1,975,594
2025 $33,030 $2,942,059 $1,005,202 $1,936,857
2024 $32,771 $2,884,373 $985,493 $1,898,880
2023 $32,771 $2,827,818 $966,170 $1,861,648
2022 $32,263 $2,772,372 $947,226 $1,825,146
2021 $31,883 $2,718,012 $928,653 $1,789,359
2020 $31,521 $2,690,143 $919,131 $1,771,012
2019 $31,266 $2,637,396 $901,109 $1,736,287
2018 $30,875 $2,585,684 $883,441 $1,702,243
2017 $29,504 $2,534,985 $866,119 $1,668,866
2016 $27,495 $2,485,281 $849,137 $1,636,144
2015 $26,872 $2,447,951 $836,383 $1,611,568
2014 $25,273 $2,395,827 $818,700 $1,577,127
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SL179166

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.