NOT LISTED FOR SALE

Estimated Value: $472,404

3 Beds
4 Baths
2,430 Sq Ft
$194/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $455,000 $187 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,865/month

151 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • Galley Kitchen
  • 5-minute walk to Oceano Dunes State Vehicular Recreation Area

About This Home

As of December 2023

Investor Property as this is a unique building configuration with a Commercial shell (Fire Damage: Only walls remain) with 1188 SF Building fronting Hwy 1 ( 1773 Front Street ) and a Single Family Residence with 3 Bedrooms 1 1/4 bathroom and single car garage ( 1750 15th Street ) all on the same parcel consisting of 7500 SF ( 062-042-048 ). Ideally located just a block from the iconic Melodrama and just 1.2 miles to the Pacific Ocean and the Oceano Airport. Oceano Dunes State Vehicular Recreation Area is renowned for camping, ATV rentals, dune buggies, fishing and leisurely drives along the oceans edge. There is a large open space along Front street that could be for outdoor seating, gardening, or potential development.

Last Agent to Sell the Property

Dick Keenan

Keller Williams Realty Central Coast License #00860187 Listed on: 02/16/2023

Keller Williams Realty Central Coast

Last Buyer's Agent

Steve Marvin

West Coast Properties License #00993904

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 7,500 Sq Ft Lot
  • Property fronts a highway
  • Level Lot
  • Property is zoned CR

Parking

  • 1 Car Garage

Home Design

  • Fixer Upper
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,430 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • Shed
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 4 / 12
  • Assessor Parcel Number 062042048

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Oceano Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • CapRate: 2.30
  • Property Attached: No
  • Road Frontage Type: City Street, Highway
  • Subdivision Name Other: Oceano(350)
  • View: Yes
  • Water Sewer Expenses: 2802.00
  • Zoning: CR
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 062042048
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 187.24
  • Room Type: Galley Kitchen

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s)
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 1242 Square Feet
  • Average Studio Area: 1188 Square Feet
  • Gross Income: 29400.00
  • Gross Operating Income: 29400.00
  • Gross Scheduled Income: 29400.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 16380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 1
  • Operating Expense: 13020.00
  • Operating Expense Percent: 44.00
  • Rent Control: No
  • Total Actual Rent: 2450.00
  • Total Expenses: 15822.00

Tax Info

  • New Taxes Expense: 8120.00
  • Tax Block: 12
  • Tax Census Tract: 122.01
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Nov 15, 2023
Sold by
Strodaka Llc
Bought by
Kirchner Eric T
Seller's Agent
Dick Keenan
Keller Williams Realty Central Coast
Buyer's Agent
Steve Marvin
West Coast Properties
List Price
$725,000
Sold Price
$455,000
Premium/Discount to List
-$270,000
-37.24%
Views
448
Current Estimated Value
$472,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,404
Avg. Annual Appreciation
1.79%

Purchase Details

Closed on
Oct 21, 2014
Sold by
Gin James B and Gin Carol B
Bought by
Strodaka Llc

Purchase Details

Closed on
Nov 14, 1995
Sold by
Gin James B
Bought by
Gin James B and Gin Carol B
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

Date Buyer Sale Price Title Company
Kirchner Eric T $455,000 First American Title
Strodaka Llc $390,000 First American Title Company
Gin James B -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2023 12/05/23 Sold $455,000 -17.3% $187 / Sq Ft
08/17/2023 08/17/23 Price Changed $549,900 -24.2% $226 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $725,000 -- $298 / 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 $5,035 $464,100 $204,000 $260,100
2024 $5,101 $455,000 $200,000 $255,000
2023 $5,101 $450,513 $173,272 $277,241
2022 $5,028 $441,680 $169,875 $271,805
2021 $5,270 $433,021 $166,545 $266,476
2020 $4,965 $428,582 $164,838 $263,744
2019 $4,932 $420,179 $161,606 $258,573
2018 $4,853 $411,941 $158,438 $253,503
2017 $4,754 $403,865 $155,332 $248,533
2016 $4,482 $395,947 $152,287 $243,660
2015 $4,188 $390,000 $150,000 $240,000
2014 $549 $52,037 $10,298 $41,739
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23022854

California Regional Multiple Listing Service (CRMLS)

APN: 062-042-048