NOT LISTED FOR SALE

1717 Pine St Paso Robles, CA 93446

9 Beds
5 Baths
2,800 Sq Ft
0.31 Acres

Last Sold May 26, 2023

Last sale price $1,200,000 $429 Per Sq Ft

2 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Rectangular Lot
  • Paso Robles High School Rated A-

About This Home

As of May 2023

Several rental units on one T-4N SP#3 zoned parcel. First time on the market. This listing includes a two-story three unit apartment building (each unit 2 bedroom, 1.5 bathrooms), plus a 2/1 home at 1719 Pine St., plus a studio with a large yard and two sheds. Plenty of off-street parking and room for possibly building additional units (check with City). All units have have been professionally managed with a strong income history. Dedicated laundry room for tenant convenience and addtional owner income. This property is in the IRS designated Opportunity Zone for possible significant tax savings. Near the corner of 17th and Pine - convenient to downtown and the fair grounds. No inspections in hand. Unit showings after accepted offer. Please don't disturb tentants.

Last Agent to Sell the Property

Kyler Hamann

RE/MAX Parkside Real Estate License #01474742 Listed on: 04/18/2023

RE/MAX Parkside Real Estate

Last Buyer's Agent

Jordan Knauer

Equity Union License #02041698

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1970

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Entry on the 1st floor
  • Asphalt Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 3 / 35
  • Assessor Parcel Number 008287017

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Pr City Limits West Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $151
  • Fuel Expense $260
  • Professional Management Expense $6,547
  • Trash Expense $2,572
  • Water Sewer Expense $6,261
  • Operating Expense $27,504
  • Gross Income $90,680
  • Net Operating Income $63,176

Property Details

Home Type

Co-Op

Year Built

Built in 1970

Lot Details

0.31 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 5.74
  • Professional Management Expense: 6547.00
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • Water Sewer Expenses: 6261.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 008287017
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 428.57

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2572.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Co-Ownership
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 13301.00
  • Lot Size Acres: 0.3053
  • Latitude Manual: 35.63248600

Multi Family

  • Electric Expense: 151.00
  • Fuel Expense: 260.00
  • Gross Income: 90680.00
  • Gross Scheduled Income: 90680.00
  • Lot Size Area: 13301.0000 Square Feet
  • Net Operating Income: 63176.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 5
  • Operating Expense: 27504.00
  • Rent Control: Yes
  • Total Expenses: 27504.00

Tax Info

  • Tax Block: 35
  • Tax Census Tract: 101.03
  • Tax Lot: 3
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Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2023 05/26/23 Sold $1,200,000 +9.1% $429 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $1,100,000 -- $393 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,608 $1,248,480 $405,756 $842,724
2024 $2,492 $1,224,000 $397,800 $826,200
2023 $2,492 $223,438 $25,169 $198,269
2022 $2,455 $219,058 $24,676 $194,382
2021 $2,413 $214,764 $24,193 $190,571
2020 $2,381 $212,562 $23,945 $188,617
2019 $2,347 $208,395 $23,476 $184,919
2018 $2,315 $204,310 $23,016 $181,294
2017 $2,177 $200,305 $22,565 $177,740
2016 $2,134 $196,378 $22,123 $174,255
2015 $2,126 $193,429 $21,791 $171,638
2014 $2,052 $189,641 $21,365 $168,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS23061696

California Regional Multiple Listing Service (CRMLS)

APN: 008-287-017

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