NOT LISTED FOR SALE

Estimated Value: $857,000 - $1,331,000

6 Beds
4 Baths
3,012 Sq Ft
$365/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2019

Last sale price $810,000 $269 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,789 / mo

62 Days on Market

Highlights

  • Neighborhood Views
  • Cul-De-Sac
  • Wood Siding
  • Arroyo Grande High School Rated A-
  • 4 Attached Carport Spaces
  • 3-minute walk to Oceano Dunes State Vehicular Recreation Area

About This Home

As of March 2019

Great investment opportunity in Oceano! 4 rental units: Two 2 bedroom units and two 1 bedroom units. One unit is located on the lower level with a private paved patio. The 3 upstairs units each have their own private balconies, completely rebuilt with wood timbers and decking. Every bathroom was remodeled in 2010 with new toilets, vanities, showers, cast-iron tubs, faucets and floor coverings. Updated LED exterior light fixtures add security to the building. The complex has 4 covered parking spaces plus additional off street parking. Each unit has individual gas and electric meters. The units have been updated with new water heaters and furnaces. Located one block from the Elementary School, 2 blocks from the Community Center, and also only 1.5 miles from the Oceano Dunes at Oceano Beach and 3.5 miles from Downtown Pismo and the Pismo Beach Pier.

Last Agent to Sell the Property

Dick Keenan

NextHome Central Coast License #00860187 Listed on: 11/27/2018

Last Buyer's Agent

Shannon Kessler

Shannon Kessler Real Estate License #01405952

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 6,150 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • Property Attached
  • Wood Siding

Interior Spaces

  • 3,012 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Shared Driveway

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 062063007

Community Details

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $258
  • Fuel Expense $206
  • Insurance Expense $1,317
  • Maintenance Expense $1,020
  • Pest Control $292
  • Professional Management Expense $3,499
  • Trash Expense $1,065
  • Water Sewer Expense $3,061
  • New Taxes Expense $9,230
  • Operating Expense $18,926
  • Gross Income $50,602
  • Net Operating Income $31,654

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

6,150 Sq Ft Lot

Listing Details

  • CapRate: 3.70
  • Professional Management Expense: 3499.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Oceano(350)
  • View: Yes
  • Water Sewer Expenses: 3061.00
  • Zoning: RMF
  • Property Type: Residential Income
  • Parcel Number: 062063007
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 268.92

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Shared Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 292.00
  • Sewer: Public Sewer
  • Trash Expense: 1065.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 6150.00
  • Lot Size Acres: 0.1412
  • Latitude Manual: 35.10186100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 258.00
  • Fuel Expense: 206.00
  • Gross Income: 50602.00
  • Gross Multiplier: 16.59
  • Gross Operating Income: 50580.00
  • Gross Scheduled Income: 50580.00
  • Insurance Expense: 1317.00
  • Laundry Income: 600.00
  • Lot Size Area: 6150.0000 Square Feet
  • Maintenance Expense: 1020.00
  • Net Operating Income: 31654.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 18926.00
  • Operating Expense Percent: 37.00
  • Rent Control: No
  • Total Actual Rent: 4165.00
  • Total Expenses: 18926.00

Tax Info

  • New Taxes Expense: 9230.00
  • Tax Census Tract: 122.00

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

Listed on
Nov 27, 2018
Closed on
Feb 1, 2019
Sold by
Bought by
Seller's Agent
Dick Keenan
NextHome Central Coast
Buyer's Agent
Shannon Kessler
Shannon Kessler Real Estate
List Price
$839,000
Sold Price
$810,000
Premium/Discount to List
-$29,000
-3.46%
Current Estimated Value
$1,100,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,667
Avg. Annual Appreciation
4.25%
Original Mortgage
$560,000
Outstanding Balance
$489,327
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$611,340

Purchase Details

Closed on
Jun 30, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 2005
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
$400,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 2003
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
$300,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2001
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
$284,000
Interest Rate
7.15%

Purchase Details

Closed on
Jun 16, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$810,000 First American Title Co
$312,000 Lsi Title Company Ca
$431,272 Accommodation
-- First American Title Company
-- First American Title Company
-- --
-- First American Title Company
-- --
$355,000 Fidelity National Title Co
$68,500 Cuesta Title Company
-- --
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 $560,000
Previous Owner $400,000
Previous Owner $300,000
Previous Owner $284,000
Closed $21,000
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
03/01/2019 03/01/19 Sold $810,000 -3.5% $269 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
11/27/2018 11/27/18 For Sale $839,000 -- $279 / 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
2025 $10,543 $900,776 $223,101 $677,675
2024 $10,436 $883,115 $218,727 $664,388
2023 $10,436 $865,800 $214,439 $651,361
2022 $10,297 $848,825 $210,235 $638,590
2021 $10,279 $832,182 $206,113 $626,069
2020 $10,176 $823,650 $204,000 $619,650
2019 $5,143 $356,031 $172,272 $183,759
2018 $5,002 $349,051 $168,895 $180,156
2017 $4,844 $342,208 $165,584 $176,624
2016 $4,539 $335,499 $162,338 $173,161
2015 $3,548 $330,460 $159,900 $170,560
2014 $3,418 $323,987 $156,768 $167,219
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI18280373

California Regional Multiple Listing Service (CRMLS)

APN: 062-063-007

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