NOT LISTED FOR SALE

1804 Spring St Paso Robles, CA 93446

-- Bed
-- Bath
6,500 Sq Ft
0.25 Acres

Last Sold June 06, 2012

Last sale price $785,000 $121 Per Sq Ft

137 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Paved or Partially Paved Lot
  • Paso Robles High School Rated A-

About This Home

As of June 2012

Marketing Remarks: WOW - here is a unique opportunity to invest in Paso Robles history....and future! This ideal Spring Street corner (18th and Spring) generates strong INCOME now, but has a great future thanks to it's T-3 Flex zoning! This zoning allows for commercial incl. sit down restaurant, office, professional, mixed use... and residential income! So collect rent checks now, waiting for the time to remodel the existing building, or tear it down and build all new! Either way, the $7,000+ GROSS monthly income makes this an easy hold until you decide! You'll find lots of history here too - built in roaring 1920's as teacher housing, it originally was constructed with 12 units (units 1 & 2 were later combined into a character-filled 2 Bdrm apartment, which we'll call the 'managers unit'...complete with coved ceiliings and two fireplaces!). Plenty of onsite & street parking too! What a find!!

Last Agent to Sell the Property

Scott Ehrke

GUIDE Real Estate License #01012637 Listed on: 12/12/2011

GUIDE Real Estate

Last Buyer's Agent

Sue Kretzu

RE/MAX Success License #01451523

RE/MAX Success

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 0.25 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 6,500 Sq Ft Home
  • Flat Roof Shape
  • Raised Foundation

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • Parking Available
  • On-Street Parking
  • On-Site Parking

Utilities

  • Cooling Available

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $46,100

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 008236004

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • CapRate: 5.50
  • Subdivision Name Other: PR City Limits West(120)
  • Zoning: SM,RMF,COMR,COM
  • Property Type: Residential Income
  • Parcel Number: 008236004
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 120.77

Exterior Features

  • Foundation: Raised
  • Roof: Flat

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 11282.00
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Multiplier: 10.10
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 0.2500 Acres
  • Net Operating Income: 46100.00
  • Number Of Units Total: 4
  • Operating Expense: 38575.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2012 06/06/12 Sold $785,000 -6.3% $121 / Sq Ft
04/27/2012 04/27/12 Pending -- -- --
12/12/2011 12/12/11 For Sale $837,500 -- $129 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Scott Ehrke

    Seller's Agent in 2012

    Scott Ehrke

    GUIDE Real Estate

    (805) 391-0509

    98 Total Sales

    Scott Ehrke
    Section Image
  • Sue Kretzu

    Buyer's Agent in 2012

    Sue Kretzu

    RE/MAX

    (805) 441-8363

    26 Total Sales

    Sue Kretzu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PR182273

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County Paso Robles 93446

1804 Spring St, Paso Robles, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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