NOT LISTED FOR SALE

Estimated Value: $1,009,000 - $1,554,000

2 Beds
1 Bath
3,437 Sq Ft
$360/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $825,000 $240 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,355/month

35 Days on Market

Highlights

  • Golf Course Community
  • Traditional Architecture
  • Neighborhood Views
  • Arroyo Grande High School Rated A-
  • End Unit
  • 5-minute walk to Oceano Dunes State Vehicular Recreation Area

About This Home

As of December 2019

Four - townhouse style units with plenty of parking at front and/or rear. Ally access with covered carport, front patio, and each unit has a small back yard. Good income producing property with upside potential. All units are 2bds 1.25ba with long term month-to-month tenants. Not to far from beach, shopping, or recreation areas. Recent exterior paint and near newer homes on a quiet street.

Last Agent to Sell the Property

Kevin Zepeda

Res Com Services License #01371903 Listed on: 06/25/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

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

Home Design

  • Traditional Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,437 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 1 Bathroom

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Assessor Parcel Number 062065030

Community Details

Overview

  • 4 Units

Recreation

  • Golf Course Community
  • Hiking Trails

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,349
  • Operating Expense $3,900
  • Gross Income $53,580
  • Net Operating Income $49,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Oceano(350)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: RMF
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 062065030
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Levels: Two
  • Price Per Square Foot: 240.03
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7000.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 859 Square Feet
  • Gross Income: 53580.00
  • Gross Scheduled Income: 53580.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7000.0000 Square Feet
  • Net Operating Income: 49680.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 3900.00
  • Rent Control: No
  • Total Actual Rent: 4465.00
  • Total Expenses: 3900.00

Tax Info

  • New Taxes Expense: 9349.00
  • Tax Census Tract: 122.00
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2022
Sold by
Sauceda Henry and The Henry Sauceda Living Trust
Bought by
Sauceda Victoria D and The Victoria Sauceda Living Tr
Current Estimated Value
$1,238,468

Purchase Details

Closed on
Sep 11, 2020
Sold by
Sauceda Victoria and Sauceda Henry
Bought by
Henry Sauceda Living Trust and Sauceda

Purchase Details

Closed on
Aug 21, 2019
Sold by
Castanecia Carlos A
Bought by
Sauceda Victoria and Sauceda Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,220
Interest Rate
2.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2016
Sold by
Castaneda Rocio
Bought by
Castaneda Carlos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2012
Sold by
Lounsbury Daniel Patrick
Bought by
Cargay Merle Janet

Purchase Details

Closed on
Aug 8, 2006
Sold by
Lounsbury Emmett and Lounsbury Norma J
Bought by
Lounsbury Emmett and Lounsbury Norma J

Purchase Details

Closed on
Apr 18, 2000
Sold by
Guhring John F and Guhring Merikay P
Bought by
Lounsbury Emmett and Lounsbury Norma Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sauceda Victoria D -- None Available
Henry Sauceda Living Trust -- Sauceda Henry
Sauceda Victoria $825,000 Fidelity National Title Co
Castaneda Carlos A -- Fidelity National Title Co
Castaneda Carlos A $500,000 Fidelity National Title Co
Cargay Merle Janet -- None Available
Lounsbury Emmett -- None Available
Lounsbury Emmett $225,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sauceda Victoria $594,220
Previous Owner Castaneda Carlos A $350,000
Previous Owner Lounsbury Emmett $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2019 12/06/19 Sold $825,000 -2.9% $240 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $849,900 +70.0% $247 / Sq Ft
07/22/2016 07/22/16 Sold $500,000 0.0% $145 / Sq Ft View Prior Sale
07/22/2016 07/22/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $500,000 -- $145 / 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 $10,559 $902,254 $382,774 $519,480
2024 $10,451 $884,564 $375,269 $509,295
2023 $10,451 $867,220 $367,911 $499,309
2022 $10,312 $850,217 $360,698 $489,519
2021 $10,294 $833,547 $353,626 $479,921
2020 $10,191 $825,000 $350,000 $475,000
2019 $6,950 $520,200 $234,090 $286,110
2018 $6,787 $510,000 $229,500 $280,500
2017 $6,599 $500,000 $225,000 $275,000
2016 $4,599 $341,101 $103,942 $237,159
2015 $3,608 $335,978 $102,381 $233,597
2014 $3,475 $329,398 $100,376 $229,022
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI19149822

California Regional Multiple Listing Service (CRMLS)

APN: 062-065-030