NOT LISTED FOR SALE

1635 Pine St Unit A,B,C,D Paso Robles, CA 93446

Estimated Value: $981,000 - $1,163,000

6 Beds
4 Baths
2,704 Sq Ft
$395/Sq Ft Est. Value

Last Sold August 19, 2019

Last sale price $700,000 $259 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,374/month

31 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Paso Robles High School Rated A-
  • Living Room
  • Accessible Parking

About This Home

As of August 2019

Wonderful downtown location. A short distance to Paso Robles best restaurants, park, shops and businesses. 4 units each with their own garage plus 1 additional parking space. Washer dryer hookups and small patio. Units have been well maintained and easily leased with long term tenants. 2 units -2
bedrooms with 1 bath indoor laundry closet. And 2 units- 1 bedroom, 1 bath with laundry area in garage. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Deborah Johns

RE/MAX Success License #01107676 Listed on: 06/05/2019

RE/MAX Success

Last Buyer's Agent

Dianna Vonderheide

Nest Central Coast License #01475327

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,344

Year Built

  • Built in 1974

Lot Details

  • 6,970 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Privacy Fence
  • Fenced
  • Rectangular Lot

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Parking Lot
  • Off-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 2,704 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Living Room

Kitchen

  • Electric Range
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 008288016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,423
  • Trash Expense $1,384
  • Water Sewer Expense $4,309
  • Operating Expense $15,797
  • Gross Income $57,900
  • Net Operating Income $42,103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,344

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: PR City Limits West(120)
  • View: No
  • Water Sewer Expenses: 4309.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 008288016
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Entry Location: Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 258.88
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Privacy
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door, Off Street, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, In Garage, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1384.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 57900.00
  • Gross Scheduled Income: 57900.00
  • Insurance Expense: 1423.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 42103.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 15797.00
  • Rent Control: No
  • Total Actual Rent: 4825.00
  • Total Expenses: 15797.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2021
Sold by
Medeiros Tomas G and Medeiros Carly L
Bought by
The Medcorp Group Llc
Current Estimated Value
$1,067,112

Purchase Details

Closed on
Jan 7, 2021
Sold by
The Medcorp Group Llc
Bought by
Medeiros Tomas G and Medeiros Carly L

Purchase Details

Closed on
Mar 6, 2020
Sold by
Medeiros Tomas G and Medeiros Carly L
Bought by
The Medcorp Group Llc

Purchase Details

Listed on
Jun 5, 2019
Closed on
Jul 16, 2019
Sold by
Oliver Jack A and Oliver Aimee A
Bought by
Medeiros Tomas G and Medeiros Carly L
Seller's Agent
Deborah Johns
RE/MAX Success
Buyer's Agent
Dianna Vonderheide
Nest Central Coast
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$523,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2008
Sold by
Williams Karl E and Williams Sharon L
Bought by
Oliver Jack A and Oliver Aimee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2000
Sold by
Marsden Jeffrey M and Marsden Karen L
Bought by
Williams Karl E and Williams Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,400
Interest Rate
7.71%

Purchase Details

Closed on
Dec 16, 1998
Sold by
Gray Eunice Mae
Bought by
Marsden Jeffrey M and Marsden Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,200
Interest Rate
6.78%
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
The Medcorp Group Llc -- None Available
Medeiros Tomas G -- None Available
The Medcorp Group Llc -- None Available
Medeiros Tomas G $700,000 Placer Title Co
Oliver Jack A $505,000 Fidelity National Title Co
Williams Karl E $295,000 Fidelity National Title Co
Marsden Jeffrey M -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Medeiros Tomas G $523,500
Previous Owner Oliver Jack A $338,000
Previous Owner Williams Karl E $103,400
Previous Owner Marsden Jeffrey M $160,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2019 08/19/19 Sold $700,000 -6.7% $259 / Sq Ft
07/06/2019 07/06/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $750,000 -- $277 / 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 $8,344 $765,549 $300,751 $464,798
2024 $8,208 $750,539 $294,854 $455,685
2023 $8,208 $735,823 $289,073 $446,750
2022 $8,086 $721,396 $283,405 $437,991
2021 $7,948 $707,252 $277,849 $429,403
2020 $7,840 $700,000 $275,000 $425,000
2019 $6,565 $582,967 $277,053 $305,914
2018 $6,476 $571,537 $271,621 $299,916
2017 $6,089 $560,332 $266,296 $294,036
2016 $5,970 $549,346 $261,075 $288,271
2015 $5,948 $541,095 $257,154 $283,941
2014 $5,741 $530,496 $252,117 $278,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS19133332

California Regional Multiple Listing Service (CRMLS)

APN: 008-288-016