NOT LISTED FOR SALE

2041 Riverside Ave Paso Robles, CA 93446

Estimated Value: $1,027,386 - $1,438,000

8 Beds
4 Baths
4,228 Sq Ft
$294/Sq Ft Est. Value

Sale Details

Date Sold: July 1, 2015

Last sale price $1,575,000 $373 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $7,179 / mo

229 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating and Cooling System
  • Paved or Partially Paved Lot
  • Paso Robles High School Rated A-
  • Central Vacuum
  • 2-minute walk to Pioneer Park

About This Home

As of July 2015

Marketing Remarks: Great Investment Opportunity at a 6% CAP RATE! Most of the units have been remodeled and fresh paint outside. This well-maintained 4 & 5 Unit apartment complex offers 8 units with 2 bedrooms, 1 bathrooms of approximately 1,000+/- sq. ft. each and 1 new studio unit approximately 700+/- sq. ft. A new roof was installed within the last 5 years. New tile floors and granite counters in several units. Other features include 8 individual garages and all are individually metered. Located close to downtown Paso Robles and walking distance to the Fairgrounds. There is a waiting list for the 2 bedroom units.

Last Agent to Sell the Property

David Crabtree

Home & Ranch Sotheby's Intl License #01092187 Listed on: 05/29/2015

Home & Ranch Sotheby's Intl

Last Buyer's Agent

David Crabtree

Home & Ranch Sotheby's Intl License #01092187 Listed on: 05/29/2015

Home & Ranch Sotheby's Intl

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 10,001 Sq Ft Lot
  • Property fronts an alley
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,228 Sq Ft Home
  • Central Vacuum

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • Parking Available
  • Covered Parking
  • Private Parking

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 9 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 008247020

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

10,001 Sq Ft Lot

Listing Details

  • Road Frontage Type: Alley
  • Subdivision Name Other: PR City Limits West(120)
  • Zoning: APT,R2
  • Property Type: Residential Income
  • Parcel Number: 008247020
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Vacuum Central
  • Levels: Two
  • Price Per Square Foot: 372.52

Exterior Features

  • Foundation: Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, Private

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level with Street, Paved, Sprinkler System
  • Lot Size Sq Ft: 10001.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 10001.0000 Square Feet
  • Number Of Units Total: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2016
Sold by
Kumskow Lydia
Bought by
Kumskow Lydia and Lydia Kumskow Revocable Living
Current Estimated Value
$1,244,097

Purchase Details

Closed on
Apr 15, 2015
Sold by
Morelli Roberto and Morelli Kimberly A
Bought by
Kumskow Lydia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2012
Sold by
Weyrick Colin and Weyrick Candy
Bought by
Morelli Roberto and Morelli Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,811
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2004
Sold by
Piercey Rodney H and John Dieser 2004 Charitable Tr
Bought by
Weyrick Colin and Weyrick Candace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Dieser John J and Dieser Anna Jo
Bought by
Piercey Rodney H and John Dieser 2004 Charitable Tr
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
Kumskow Lydia -- None Available
Kumskow Lydia $585,000 First American Title Company
Morelli Roberto $388,000 Fidelity National Title Co
Weyrick Colin $540,000 First American Title Company
Piercey Rodney H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kumskow Lydia $438,750
Previous Owner Morelli Roberto $290,811
Previous Owner Weyrick Colin $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2015 07/01/15 Sold $1,575,000 -7.4% $373 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
10/31/2014 10/31/14 For Sale $1,700,000 +338.4% $402 / Sq Ft
01/18/2013 01/18/13 Sold $387,750 0.0% $92 / Sq Ft View Prior Sale
06/01/2012 06/01/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $387,750 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,548 $692,516 $260,433 $432,083
2024 $7,425 $678,938 $255,327 $423,611
2023 $7,425 $665,626 $250,321 $415,305
2022 $7,315 $652,575 $245,413 $407,162
2021 $7,190 $639,780 $240,601 $399,179
2020 $7,092 $633,220 $238,134 $395,086
2019 $6,991 $620,805 $233,465 $387,340
2018 $6,896 $608,634 $228,888 $379,746
2017 $6,485 $596,700 $224,400 $372,300
2016 $6,357 $585,000 $220,000 $365,000
2015 $4,367 $397,292 $102,461 $294,831
2014 -- $389,510 $100,454 $289,056
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PR1049200

California Regional Multiple Listing Service (CRMLS)

APN: 008-247-020

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