NOT LISTED FOR SALE

2460 Coburn Ln Pismo Beach, CA 93449

8 Beds
7 Baths
3,819 Sq Ft
8,820 Sq Ft Lot

Last Sold September 02, 2020

Last sale price $1,650,000 $432 Per Sq Ft

4 Days on Market

Highlights

  • Ocean View
  • Fishing
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • No HOA
  • Foothills

About This Home

As of September 2020

You cannot go wrong with this 5-unit complex, steps to the beach and in the neighborhood of multi-million dollar homes, short walk to Spyglass area restaurants and retail. Great investment or owner occupant with four rentals, Two of the units are 2/1.75, larger, potential owner occupant, two 2/1's and a studio. Units have garages and there is a common laundry room. Most of the units have been renovated, bathrooms, flooring, doors, interior paint. Truly a can't miss long term investment.

Last Agent to Sell the Property

Kevin King

King Properties License #01013696 Listed on: 08/06/2020

King Properties

Co-Listed By

Alana King

AARE License #02037774

Last Buyer's Agent

John Cole

Richardson Sotheby's International Realty License #01939498

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,820 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,819 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Location

  • Suburban Location

Utilities

  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 14 / 6
  • Tax Tract Number 192
  • Assessor Parcel Number 010511059

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Shell Beach Subdivision
  • Foothills
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Bike Trail

Building Details

  • 5 Leased Units
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $31
  • Gardener Expense $1,098
  • Insurance Expense $1,858
  • Maintenance Expense $510
  • Professional Management Expense $6,660
  • Trash Expense $1,569
  • Water Sewer Expense $2,166
  • New Taxes Expense $17,600
  • Operating Expense $33,749
  • Gross Income $110,880
  • Net Operating Income $77,131

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 6660.00
  • Property Attached: Yes
  • Subdivision Name Other: Shell Beach(600)
  • View: Yes
  • Water Sewer Expenses: 2166.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1098.00
  • Parcel Number: 010511059
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 432.05

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 1569.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Foothills, Preserve/Public Land, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8820.00
  • Lot Size Acres: 0.2025

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 31.18
  • Gross Income: 110880.00
  • Gross Scheduled Income: 110880.00
  • Insurance Expense: 1858.00
  • Laundry Income: 46.00
  • Lot Size Area: 8820.0000 Square Feet
  • Maintenance Expense: 510.00
  • Net Operating Income: 77131.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 33749.00
  • Rent Control: No
  • Total Actual Rent: 9240.00
  • Total Expenses: 33749.00

Tax Info

  • New Taxes Expense: 17600.00
  • Tax Block: 6
  • Tax Census Tract: 117.04
  • Tax Lot: 14
  • Tax Tract Number: 192

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2020 09/02/20 Sold $1,650,000 +3.1% $432 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $1,600,000 -- $419 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2020

    Kevin King

    King Properties

    (805) 801-0176

    1 in this area

    6 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Alana King

    AARE

    (888) 322-4368

    1 in this area

    30 Total Sales

    Section Image
  • John Cole

    Buyer's Agent in 2020

    John Cole

    Richardson Sotheby's International Realty

    (805) 748-1137

    3 in this area

    73 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP20158054

California Regional Multiple Listing Service (CRMLS)

APN: 010-511-059

California San Luis Obispo County Pismo Beach 93449

2460 Coburn Ln, Pismo Beach, CA

This home is located at 2460 Coburn Ln, Pismo Beach, CA 93449 since 06 August 2020. This property was built in 1976. 2460 Coburn Ln is a home located in San Luis Obispo County with nearby schools including Judkins Middle School, Arroyo Grande High School, and Bellevue-Santa Fe Charter 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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