NOT LISTED FOR SALE
-- Bed
-- Bath
6,500 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: June 6, 2012

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

137 Days on Market

Highlights

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

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

  • 11,282 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

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

Laundry

  • Laundry in unit
  • 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

0.26 Acres

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

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
Dec 12, 2011
Closed on
May 15, 2012
Sold by
Bought by
Seller's Agent
Scott Ehrke
GUIDE Real Estate
Buyer's Agent
Sue Kretzu
RE/MAX Success
List Price
$837,500
Sold Price
$785,000
Premium/Discount to List
-$52,500
-6.27%

Purchase Details

Closed on
Aug 1, 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
$370,000
Interest Rate
0.0548%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 23, 2002
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
$365,000
Interest Rate
0.0588%
Mortgage Type
Commercial
Source: Public Records
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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
$785,000 Fidelity National Title Co
$1,132,500 First American Title Co
-- Fidelity 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
Previous Owner $370,000
Previous Owner $365,000
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
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

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 $10,747 $985,992 $439,613 $546,379
2024 $10,571 $966,660 $430,994 $535,666
2023 $10,571 $947,707 $422,544 $525,163
2022 $10,414 $929,125 $414,259 $514,866
2021 $10,237 $910,908 $406,137 $504,771
2020 $10,097 $901,569 $401,973 $499,596
2019 $9,954 $883,892 $394,092 $489,800
2018 $9,819 $866,562 $386,365 $480,197
2017 $9,233 $849,572 $378,790 $470,782
2016 $9,052 $832,914 $371,363 $461,551
2015 $9,018 $820,404 $365,785 $454,619
2014 $8,705 $804,334 $358,620 $445,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PR182273

California Regional Multiple Listing Service (CRMLS)
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