NOT LISTED FOR SALE

Estimated Value: $1,934,000 - $2,196,000

6 Beds
7 Baths
1 Sq Ft
$2,051,425/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $2,000,000 $2,000,000 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $12,490/month

61 Days on Market

Highlights

  • Ocean View
  • Laundry Room
  • Bike Trail
  • Property has ocean access
  • Forced Air Heating System
  • 3-minute walk to Hardie Park

About This Home

As of July 2024

One of a kind Tri-Plex located three blocks from the Cayucos Pier. The property is currently being rented on annual leases, however the current owner does have a vacation rental license for the whole property. Each unit has been completely renovated. Units 1 and 2 are 2 bedrooms with 2 full bathrooms. Unit 3 is a 2 bedroom 2.5 bathroom. Each unit has its own private laundry room and features an ocean view out of the living room. This property includes a fully transferable short term vacation rental license for all 3 units. In addition, the zoning and size of the lot allows for the buyer to add an additional unit on the property.

Last Agent to Sell the Property

Anthony Aurignac

Venture Real Estate Brokerage Email: slo.aa@aol.com License #01946262 Listed on: 04/18/2024

Co-Listed By

Nicholas Aurignac

Venture Real Estate Brokerage Email: slo.aa@aol.com License #02155891

Last Buyer's Agent

Kristina Kidwell

San Luis Bay Realty License #02169453

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,095

Year Built

  • Built in 1984

Lot Details

  • 7,500 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Turnkey

Interior Spaces

  • 1 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 5 / 9
  • Assessor Parcel Number 064031029

Community Details

Overview

  • 3 Units
  • Strand Subdivision

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $500
  • Insurance Expense $1,000
  • Trash Expense $500
  • Water Sewer Expense $500
  • Operating Expense $33,480
  • Gross Income $111,600
  • Net Operating Income $78,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,095

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Other Phone Description: 8055408900
  • Price Per Unit: 733333
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Strand (530)
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: RMF
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 064031029
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Room Type: Kitchen

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722
  • Latitude Manual: 35.45148600

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 111600.00
  • Gross Scheduled Income: 111600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 78120.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 33480.00
  • Rent Control: No
  • Total Expenses: 33480.00
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 105.04
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jul 11, 2024
Sold by
Goodwin Bradley J
Bought by
Mendonca Revocable Trust and Mendonca
Seller's Agent
Anthony Aurignac
Venture Real Estate
Buyer's Agent
Kristina Kidwell
San Luis Bay Realty
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Total Days on Market
61
Views
30
Current Estimated Value
$2,051,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,425
Avg. Annual Appreciation
4.44%
Original Mortgage
$1,300,000
Outstanding Balance
$1,290,164
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$805,040

Purchase Details

Closed on
Sep 24, 2021
Sold by
Goodwin Trischa
Bought by
Goodwin Bradley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2021
Sold by
Garren Family Trust and Garren Family Trust
Bought by
Goodwin Bradley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mendonca Revocable Trust $2,000,000 First American Title
Goodwin Bradley J -- First American Title
Goodwin Bradley J $1,350,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendonca Revocable Trust $1,300,000
Previous Owner Goodwin Bradley J $1,012,500
Previous Owner Goodwin Bradley J $1,012,500
Previous Owner Garren Dolores $105,230
Previous Owner Garren Dolores $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $2,000,000 -9.1% $2,000,000 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $2,200,000 -- $2,200,000 / 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 $15,095 $1,432,630 $848,966 $583,664
2024 $14,927 $1,404,540 $832,320 $572,220
2023 $14,927 $1,377,000 $816,000 $561,000
2022 $14,671 $1,350,000 $800,000 $550,000
2021 $7,225 $644,988 $254,932 $390,056
2020 $7,148 $638,375 $252,318 $386,057
2019 $7,008 $625,859 $247,371 $378,488
2018 $6,869 $613,588 $242,521 $371,067
2017 $6,728 $601,558 $237,766 $363,792
2016 $6,594 $589,763 $233,104 $356,659
2015 $6,535 $580,905 $229,603 $351,302
2014 $6,312 $569,527 $225,106 $344,421
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24076784

California Regional Multiple Listing Service (CRMLS)

APN: 064-031-029