NOT LISTED FOR SALE

Estimated Value: $866,000 - $948,296

4 Beds
4 Baths
1,856 Sq Ft
$488/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $575,000 $310 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,923/month

10 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Level Lot
  • Baywood Elementary School Rated A-

About This Home

As of November 2019

Check out this real estate investment opportunity in The Valley of the Bears! Centrally located near downtown Los Osos, a 1977 built duplex, each unit has two bedrooms, one full bathroom and one 1/2 bathroom, per the San Luis Obispo County Tax Assessor record the total square footage of the building is 1,856. Included with each unit is a one car garage with laundry hookups. The lot size is 50ft x 125ft. Long term tenants with rents under market. If they were vacant today each unit could fetch approximately $1,600 per month. First time home buyer opportunity to live in one unit collect rents from the other.

Last Agent to Sell the Property

Matthew Franklin

Franklin Real Estate & Rentals License #01326603 Listed on: 08/16/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,987

Year Built

  • Built in 1977

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • 1,856 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Sewer Assessments

Listing and Financial Details

  • Legal Lot and Block 45 / 138
  • Assessor Parcel Number 038632002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $636
  • Insurance Expense $1,200
  • Pest Control $792
  • Professional Management Expense $3,180
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,500
  • Operating Expense $13,808
  • Gross Income $31,800
  • Net Operating Income $17,992

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,987

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 3180.00
  • Property Attached: Yes
  • Subdivision Name Other: Town of El Moro(680)
  • Water Sewer Expenses: 1500.00
  • Zoning: RMF
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 636.00
  • Parcel Number: 038632002
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 309.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Pest Control Expense: 792.00
  • Sewer: Public Sewer, Sewer Assessments
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 31800.00
  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 17992.00
  • 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
  • Operating Expense: 13808.00
  • Rent Control: No
  • Total Actual Rent: 2650.00
  • Total Expenses: 13808.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Block: 138
  • Tax Census Tract: 107.03
  • Tax Lot: 45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Sep 25, 2019
Sold by
Nuanes Michael J and Nuanes Mary B
Bought by
Uribe Ruben Garcia and Cisneros Ismael Lopez
Seller's Agent
Matthew Franklin
Franklin Real Estate & Rentals
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Current Estimated Value
$906,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,574
Avg. Annual Appreciation
8.96%
Original Mortgage
$564,585
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2013
Sold by
Mullin Corrine E and Gunn Amy B
Bought by
Gunn Amy B

Purchase Details

Closed on
Jun 6, 1996
Sold by
Tegart Elizabeth B
Bought by
Tegart Thomas H and Tegart Elizabeth B
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
Uribe Ruben Garcia $575,000 Placer Title Company
Gunn Amy B -- None Available
Tegart Thomas H -- --
Tegart Elizabeth B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uribe Ruben Garcia $542,917
Closed Uribe Ruben Garcia $564,585
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $575,000 -4.0% $310 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $599,000 -- $323 / 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
2024 $10,987 $616,512 $268,048 $348,464
2023 $10,987 $604,425 $262,793 $341,632
2022 $10,541 $592,575 $257,641 $334,934
2021 $10,183 $580,957 $252,590 $328,367
2020 $9,038 $575,000 $250,000 $325,000
2019 $5,421 $178,074 $62,322 $115,752
2018 $5,415 $174,583 $61,100 $113,483
2017 $4,639 $171,160 $59,902 $111,258
2016 $3,312 $167,805 $58,728 $109,077
2015 $3,283 $165,285 $57,846 $107,439
2014 $3,126 $162,048 $56,713 $105,335
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC19194481

California Regional Multiple Listing Service (CRMLS)

APN: 038-632-002