NOT LISTED FOR SALE

2555 Solano Rd Pismo Beach, CA 93449

Estimated Value: $2,351,996 - $2,654,000

8 Beds
4 Baths
3,648 Sq Ft
$686/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $2,300,000 $630 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,247/month

Highlights

  • Property has ocean access
  • Water Views
  • Awning
  • C.L. Smith Elementary School Rated A
  • No HOA
  • 1-minute walk to Spyglass Park

About This Home

As of September 2023

SOLD OFF-MARKET

Last Agent to Sell the Property

Abel Contreras

Invest SLO License #02062620 Listed on: 09/23/2023

Last Buyer's Agent

Nick Burgo

AARE License #02105542

AARE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 6,300 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Property Views

  • Water
  • Neighborhood

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,648 Sq Ft Home
  • 2-Story Property
  • Awning
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Leased Washer and Dryer
  • 220 Volts In Laundry

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Wall Furnace
  • 220 Volts
  • Phone Connected
  • Cable TV Available

Additional Features

  • Property has ocean access
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Tax Lot 20
  • Tax Tract Number 391
  • Assessor Parcel Number 010042020

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Pismo Beach Subdivision

Recreation

  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $1,844

Property Details

Home Type

Multi-Family

Year Built

Built in 1971 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Pismo Beach (360)
  • View: Yes
  • Zoning: R3
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 010042020
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 630.48

Exterior Features

  • Foundation: Slab
  • Exterior Features: Awning(s)
  • View: Neighborhood, Water
  • Fence: No
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Phone Available, Phone Connected, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal
  • Electric: 220 Volts in Laundry, 220 Volts
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1446

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Average2 Bed Area: 912 Square Feet
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6300.0000 Square Feet
  • Maintenance Expense: 1843.80
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 4
  • Other Income Description: Laundry income TBD
  • Rent Control: No
  • Waterfront Features: Ocean Access

Tax Info

  • Tax Census Tract: 117.04
  • Tax Lot: 20
  • Tax Tract Number: 391

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2023
Closed on
Aug 31, 2023
Sold by
Patel Amit and Patel Prasit
Bought by
East Mountain Management Llc
Seller's Agent
Abel Contreras
Invest SLO
Buyer's Agent
Nick Burgo
AARE
List Price
$2,300,000
Sold Price
$2,300,000
Current Estimated Value
$2,500,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,999
Avg. Annual Appreciation
3.68%

Purchase Details

Closed on
Jul 20, 2022
Sold by
Prashant Patel Jeni
Bought by
Patel Prashant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.23%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 24, 2022
Sold by
Sharon Morrison Family Perpetual Trust
Bought by
Patel Amit and Patel Prasit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.23%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 14, 2007
Sold by
Morrison Sharon D
Bought by
Morrison Sharon

Purchase Details

Closed on
Sep 9, 2002
Sold by
Morrison Sharon
Bought by
Dalton Sherri L and Culver Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 30, 2000
Sold by
Morrison Colin and Dalton Sherri
Bought by
The Sharon Morrison Family Perpetual Tr and Morrison Sharon

Purchase Details

Closed on
Nov 14, 1994
Sold by
Dalton Kirk
Bought by
Dalton Sherri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,511
Interest Rate
8.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 25, 1994
Sold by
Morrison Sharon Haskell
Bought by
Morrison Colin and Dalton Sherri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,511
Interest Rate
8.91%
Mortgage Type
Seller Take Back
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
East Mountain Management Llc $2,300,000 Fidelity National Title
Patel Prashant -- Fidelity National Title
Patel Prasit -- Fidelity National Title
Patel Amit -- Fidelity National Title
Patel Amit $2,000,000 Fidelity National Title
Morrison Sharon -- None Available
Morrison Sharon D -- None Available
Dalton Sherri L $400,000 Chicago Title Company
The Sharon Morrison Family Perpetual Tr $233,000 --
Dalton Sherri -- Chicago Title Company
Morrison Colin $72,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Amit $1,400,000
Previous Owner Dalton Sherri L $150,000
Previous Owner Morrison Colin $41,511
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2023 09/23/23 For Sale $2,300,000 0.0% $630 / Sq Ft
09/18/2023 09/18/23 Sold $2,300,000 -- $630 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
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 $26,041 $2,346,000 $1,173,000 $1,173,000
2024 $22,728 $2,300,000 $1,150,000 $1,150,000
2023 $22,728 $2,000,000 $1,000,000 $1,000,000
2022 $6,252 $544,539 $272,950 $271,589
2021 $6,146 $533,863 $267,599 $266,264
2020 $6,079 $528,390 $264,856 $263,534
2019 $6,006 $518,030 $259,663 $258,367
2018 $5,885 $507,873 $254,572 $253,301
2017 $5,778 $497,916 $249,581 $248,335
2016 $5,669 $488,154 $244,688 $243,466
2015 $5,587 $480,822 $241,013 $239,809
2014 $5,178 $471,404 $236,292 $235,112
Source: Public Records

Agents Affiliated with this Home

  • Abel Contreras

    Seller's Agent in 2023

    Abel Contreras

    Invest SLO

    (805) 295-2719

    6 in this area

    231 Total Sales

    Abel Contreras
    Section Image

  • N

    Buyer's Agent in 2023

    Nick Burgo

    AARE

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23178446

California Regional Multiple Listing Service (CRMLS)

APN: 010-042-020

California San Luis Obispo County Pismo Beach 93449

2555 Solano Rd, Pismo Beach, CA

Not Listed for Sale

MultiFamily

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