NOT LISTED FOR SALE

1902 Cedarwood Dr Paso Robles, CA 93446

Estimated Value: $910,892 - $1,200,000

8 Beds
8 Baths
3,600 Sq Ft
$292/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $835,000 $232 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,335/month

12 Days on Market

About This Home

As of December 2021

Great opportunity on a 4 plex in a well desired area! Right across from a beautiful park and easy access to a primary thoroughfare. Each unit features 2 spacious bedrooms and one and a half bathrooms. Also each unit has it's own private garage. Don't miss out on this!

Last Agent to Sell the Property

Robert Fernandez

Altas Realty License #01228317 Listed on: 11/23/2021

Last Buyer's Agent

Robert Fernandez

Altas Realty License #01228317 Listed on: 11/23/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,600

Year Built

  • 1984

Lot Details

  • 7,000

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property

Additional Features

  • 7,000 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $62,400

Community Details

Overview

  • 3,600 Sq Ft Building

Building Details

  • 4 Leased Units
  • Operating Expense $8,568
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,600

Year Built

1984

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1984

Interior Features

  • Living Sq Ft: 3600
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: On Street, Parking Area

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.42
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expenses Total: 8568
  • Income Annual Gross: 62400.00
  • Income Annual Rental: 62400
  • Income Gross Scheduled: 62400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Jan 25, 2022
Sold by
Briana Perez
Bought by
Toor Kirandeep and Gill Manjit
Seller's Agent
Robert Fernandez
Altas Realty
Buyer's Agent
Robert Fernandez
Altas Realty
List Price
$900,000
Sold Price
$835,000
Premium/Discount to List
-$65,000
-7.22%
Current Estimated Value
$1,052,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,223
Avg. Annual Appreciation
6.19%
Original Mortgage
$581,000
Outstanding Balance
$540,409
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$511,814

Purchase Details

Listed on
Nov 23, 2021
Closed on
Dec 16, 2021
Sold by
Cabrera Alberto
Bought by
Perez Briana
Seller's Agent
Robert Fernandez
Altas Realty
Buyer's Agent
Robert Fernandez
Altas Realty
List Price
$900,000
Sold Price
$835,000
Premium/Discount to List
-$65,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,000
Outstanding Balance
$540,409
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$511,814

Purchase Details

Closed on
Apr 10, 2019
Sold by
Reyes Herilnda A and Reyes Ramon C
Bought by
Cabrera Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2005
Sold by
Kunz James Martin and Kunz Ceressa L
Bought by
Reyes Ramon C and Reyes Herlinda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2002
Sold by
Goldman Sandra B and Sandra B Goldman Living Trust
Bought by
Kunz James Martin and Kunz Ceressa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,900
Interest Rate
6.22%

Purchase Details

Closed on
Nov 19, 2001
Sold by
Goldman Sandra B
Bought by
Goldman Sandra B and Sandra B Goldman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6%

Purchase Details

Closed on
Jul 27, 1999
Sold by
Goldman Sandra B
Bought by
Goldman Sandra B and Sandra B Goldman Living Trust

Purchase Details

Closed on
Jul 23, 1998
Sold by
Gallardo Crisoford and Gallardo Sally L
Bought by
Goldman Sandra B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,250
Interest Rate
6.91%
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
Toor Kirandeep $830,000 Chicago Title
Perez Briana $830,000 Fidelity National Title Co
Cabrera Alberto $750,000 Fidelity National Title Co
Reyes Ramon C $640,000 Cuesta Title Company
Kunz James Martin $445,000 Fidelity Title Company
Goldman Sandra B -- Fidelity National Title Co
Goldman Sandra B -- Fidelity National Title Co
Goldman Sandra B -- --
Goldman Sandra B $199,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toor Kirandeep $581,000
Previous Owner Cabrera Alberto $502,000
Previous Owner Reyes Ramon C $544,000
Previous Owner Kunz James Martin $355,900
Previous Owner Goldman Sandra B $217,000
Previous Owner Goldman Sandra B $149,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $835,000 -7.2% $232 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $900,000 -- $250 / Sq Ft
Source: MLSListings

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 $9,600 $880,802 $291,832 $588,970
2024 $9,444 $863,532 $286,110 $577,422
2023 $9,444 $846,600 $280,500 $566,100
2022 $9,303 $830,000 $275,000 $555,000
2021 $8,686 $772,924 $283,405 $489,519
2020 $8,568 $765,000 $280,500 $484,500
2019 $7,320 $650,000 $275,000 $375,000
2018 $7,138 $630,000 $195,000 $435,000
2017 $6,466 $595,000 $205,000 $390,000
2016 $6,086 $560,000 $200,000 $360,000
2015 $5,826 $530,000 $180,000 $350,000
2014 $4,653 $430,000 $130,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Robert Fernandez

    Altas Realty

    (408) 947-1583

    22 Total Sales

    Robert Fernandez
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Map

Source: MLSListings

MLS Number: ML81870993

MLSListings

APN: 009-755-024

California San Luis Obispo County Paso Robles 93446

1902 Cedarwood Dr, Paso Robles, CA

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