NOT LISTED FOR SALE

2030 Vine St Paso Robles, CA 93446

Estimated Value: $545,000 - $1,020,536

3 Beds
3 Baths
2,928 Sq Ft
$261/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $655,000 $224 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,668/month

232 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Double Pane Windows
  • Paso Robles High School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of November 2017

Paso Robles Investment Property. This recently renovated triplex with 3 x large 1bd 1ba apartments is located in the heart of Paso Robles’ wine country. Currently used as long term rentals, it could be the perfect vacation rental property. Located on prestigious Vine Street this property is centrally located to Downtown City Park, California Mid-State Fair Grounds, restaurants, wineries and breweries.

Potential 5.3% Cap Rate. Current rents are $3600/month. Market rents for a long term lease is $4050-$4200/month.
Features: 3 x 1 Bedroom, 1 Bath Apartments, central heat & air, dual-pane vinyl windows, laundry room, owner’s closet and 3 x single car garages with new garage doors and openers.

There is a clear termite of both sections 1 & 2.

Last Agent to Sell the Property

Eric Smith

Anchor Real Estate License #01798129 Listed on: 02/27/2017

Last Buyer's Agent

Karlie Montgomery

Luxton Real Estate License #01905914

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,928 Sq Ft Home
  • Double Pane Windows
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 008222002

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $9,500
  • Gross Income $42,600
  • Net Operating Income $33,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: PR City Limits West(120)
  • Property Type: Residential Income
  • Parcel Number: 008222002
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 223.70
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7000.00

Multi Family

  • Gross Income: 42600.00
  • Gross Scheduled Income: 42600.00
  • Net Operating Income: 33100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9500.00
  • Rent Control: No
  • Total Expenses: 9500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2017
Closed on
Oct 23, 2017
Sold by
Brooks Laura Lowe and Brooks Robert C
Bought by
Montgomery Jason W and Montgomery Karla R
Seller's Agent
Eric Smith
Anchor Real Estate
Buyer's Agent
Karlie Montgomery
Luxton Real Estate
List Price
$685,000
Sold Price
$655,000
Premium/Discount to List
-$30,000
-4.38%
Current Estimated Value
$764,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,179
Avg. Annual Appreciation
1.92%
Original Mortgage
$491,200
Outstanding Balance
$409,966
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$354,213

Purchase Details

Listed on
Mar 12, 2015
Closed on
May 27, 2015
Sold by
Eimon Fern
Bought by
Brooks Laura Lowe and Brooks Robert C
Seller's Agent
Jill Ponti
RE/MAX Parkside Real Estate
Buyer's Agent
Jill Ponti
RE/MAX Parkside Real Estate
List Price
$599,000
Sold Price
$410,000
Premium/Discount to List
-$189,000
-31.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.36%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Montgomery Jason W $655,000 Fidelity National Title Co
Brooks Laura Lowe $410,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montgomery Jason W $491,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2017 11/30/17 Sold $655,000 -4.4% $224 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $685,000 +67.1% $234 / Sq Ft
07/01/2015 07/01/15 Sold $410,000 -31.6% $697 / Sq Ft View Prior Sale
05/11/2015 05/11/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $599,000 -- $1,019 / 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 $8,123 $745,272 $284,454 $460,818
2024 $7,991 $730,660 $278,877 $451,783
2023 $7,991 $716,334 $273,409 $442,925
2022 $7,872 $702,290 $268,049 $434,241
2021 $7,737 $688,521 $262,794 $425,727
2020 $7,632 $681,462 $260,100 $421,362
2019 $7,524 $668,100 $255,000 $413,100
2018 $7,422 $655,000 $250,000 $405,000
2017 $4,545 $418,200 $153,000 $265,200
2016 $4,456 $410,000 $150,000 $260,000
2015 $784 $71,364 $9,980 $61,384
2014 $757 $69,967 $9,785 $60,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS17226290

California Regional Multiple Listing Service (CRMLS)

APN: 008-222-002