NOT LISTED FOR SALE

1942 Garfield St San Luis Obispo, CA 93401

Upper Monterey Neighborhood

Estimated Value: $1,682,000 - $1,766,159

1 Bed
1 Bath
2,575 Sq Ft
$667/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $1,173,000 $456 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $10,545/month

5 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Bishop's Peak Elementary School Rated A

About This Home

As of August 2020

This is a great opportunity just blocks to Cal Poly and close to downtown San Luis Obispo. 2 units have been completely renovated and 1 unit has recently been updated. Low maintenance landscaping along with 6 off street parking spaces plus street parking available. The renovated units have a modern flare with sleek cabinets in the kitchen and bathroom and LVP flooring, stainless steel appliances, and plenty of lighting. One lower unit has a fenced in yard with the potential to have the other lower unit to do the same. Don't miss out on this great property!

Last Agent to Sell the Property

Susie Brans

Richardson Sotheby's International Realty License #01710596 Listed on: 07/14/2020

Richardson Sotheby's International Realty

Last Buyer's Agent

Tim Riley

Century 21 Masters License #01280227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,283

Year Built

  • Built in 1981

Lot Details

  • 6,000 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • 2,575 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 1 / 35
  • Assessor Parcel Number 001073022

Community Details

Overview

  • 4 Units
  • San Luis Obispo Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Gas Meters
  • Insurance Expense $2,000
  • Trash Expense $405
  • Water Sewer Expense $1,680
  • New Taxes Expense $12,000
  • Operating Expense $16,085
  • Gross Income $5,750
  • Net Operating Income $52,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,283

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: San Luis Obispo(380)
  • Water Sewer Expenses: 1680.00
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 001073022
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 455.53

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 405.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1377

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 5750.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6000.0000 Square Feet
  • Net Operating Income: 52915.00
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 16085.00
  • Rent Control: No
  • Total Expenses: 16085.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: 35
  • Tax Census Tract: 110.02
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Norris Susan Elizabeth and Susan Elizabeth Norris Trust
Bought by
Susan E Norris Properties Llc
Current Estimated Value
$1,708,708

Purchase Details

Listed on
Jul 14, 2020
Closed on
Aug 3, 2020
Sold by
Sloca Llc
Bought by
Norris Susan E
Seller's Agent
Susie Brans
Richardson Sotheby's International Realty
Buyer's Agent
Tim Riley
Century 21 Masters
List Price
$1,098,000
Sold Price
$1,173,000
Premium/Discount to List
$75,000
6.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%

Purchase Details

Listed on
Mar 24, 2014
Closed on
Jul 16, 2014
Sold by
Ganpule Sanjay R and Ganpule Smita S
Bought by
Sloca Llc
Seller's Agent
Frank Dufault
Mission Real Estate
Buyer's Agent
Susie Brans
Richardson Sotheby's International Realty
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%

Purchase Details

Closed on
Apr 10, 2014
Sold by
Martinelli Brenda J and Nash Peter
Bought by
Ganpule Sanjay R and Ganpule Smita S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,500
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 10, 2011
Sold by
Martinelli Alfred P and Martinelli Linda Diane
Bought by
Martinelli Lisanne and Nash Peter

Purchase Details

Closed on
Dec 17, 2010
Sold by
Martinelli Alfred P and Martinelli Linda Diane
Bought by
Martinelli Lisanne and Nash Peter

Purchase Details

Closed on
Feb 25, 2009
Sold by
Martinelli Alfred P and Martinelli Linda Diane
Bought by
Martinelli Lisanne and Nash Peter

Purchase Details

Closed on
Dec 9, 2008
Sold by
Martinelli Alfred P and Martinelli Linda Diane
Bought by
Martinelli Lisanne and Nash Peter

Purchase Details

Closed on
Feb 14, 2003
Sold by
Martinelli Alfred P and Martinelli Linda Diane
Bought by
Martinelli Alfred P and Martinelli Linda Diane

Purchase Details

Closed on
Dec 7, 2000
Sold by
Martinelli Alfred P and Martinelli Alfred P
Bought by
Martinelli Alfred P and Martinelli Linda Diane
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
Susan E Norris Properties Llc -- None Available
Norris Susan Elizabeth -- None Available
Norris Susan E $1,180,000 First American Title Company
Sloca Llc -- None Available
Ganpule Sanjay R $750,000 First American Title Company
Martinelli Lisanne -- None Available
Martinelli Lisanne -- None Available
Martinelli Lisanne -- None Available
Martinelli Lisanne -- None Available
Martinelli Alfred P -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perron Ryan $20,000
Previous Owner Ganpule Sanjay R $317,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $1,173,000 +6.8% $456 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $1,098,000 +46.4% $426 / Sq Ft
07/08/2014 07/08/14 Sold $750,000 0.0% $375 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
03/24/2014 03/24/14 For Sale $750,000 -- $375 / 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 $14,283 $1,269,691 $703,580 $566,111
2024 $14,034 $1,244,796 $689,785 $555,011
2023 $14,034 $1,220,389 $676,260 $544,129
2022 $13,168 $1,196,460 $663,000 $533,460
2021 $12,930 $1,173,000 $650,000 $523,000
2020 $9,218 $824,198 $412,099 $412,099
2019 $9,111 $808,038 $404,019 $404,019
2018 $8,941 $792,196 $396,098 $396,098
2017 $8,762 $776,664 $388,332 $388,332
2016 $8,522 $761,436 $380,718 $380,718
2015 $8,040 $750,000 $375,000 $375,000
2014 $3,500 $330,790 $121,865 $208,925
Source: Public Records

Agents Affiliated with this Home

  • Susie Brans

    Seller's Agent in 2020

    Susie Brans

    Richardson Sotheby's International Realty

    (805) 550-8833

    3 in this area

    154 Total Sales

    Section Image
  • Tim Riley

    Buyer's Agent in 2020

    Tim Riley

    Century 21 Masters

    (805) 748-1197

    2 in this area

    126 Total Sales

    Section Image

  • F

    Seller's Agent in 2014

    Frank Dufault

    Mission Real Estate

    (805) 459-8204

    4 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP20139005

California Regional Multiple Listing Service (CRMLS)

APN: 001-073-022

California San Luis Obispo County San Luis Obispo 93401 Upper Monterey

1942 Garfield St, San Luis Obispo, CA

This home is located at 1942 Garfield St, San Luis Obispo, CA 93401 since 14 July 2020 and is currently estimated at $1,716,540, approximately $666 per square foot. This property was built in 1981. 1942 Garfield St is a home located in San Luis Obispo County with nearby schools including Bishop's Peak Elementary School, Laguna Middle School, and San Luis Obispo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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