NOT LISTED FOR SALE

264 N 7th St Grover Beach, CA 93433

Estimated Value: $1,038,000 - $1,130,000

6 Beds
3 Baths
2,743 Sq Ft
$393/Sq Ft Est. Value

Last Sold September 10, 2019

Last sale price $725,000 $264 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,599/month

98 Days on Market

Highlights

  • Ocean View
  • Lawn
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • No HOA
  • 3-minute walk to Ramona Garden Park

About This Home

As of September 2019

This 2 story triplex is located in a great area of Grover Beach. The beach is just down the street. Shopping, restaurants, and parks are just blocks away. Two units are on the second story with distant ocean, sand dunes, and sunset views. The downstairs unit has a sliding glass door leading to a big back yard. Each unit has 2 bedrooms/1 1/2 baths. Each has a one car garage with a small storage room and additional parking for up to 2 more cars outside. There is a coin operated washer and dryer downstairs. Both upstairs units have sliding glass doors leading to decks, unit A's deck faces west while unit B's looks out at the back yard.

Last Agent to Sell the Property

Richard Gardner

Coastal Real Estate License #01036245 Listed on: 04/19/2019

Last Buyer's Agent

Narlene Carter-Keenan

Keller Williams Realty Central Coast License #00976857

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,902

Year Built

  • Built in 1973

Lot Details

  • 7,500 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Chain Link Fence
  • Fence is in average condition
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back Yard

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Driveway

Property Views

  • Ocean
  • City Lights
  • Dune

Home Design

  • 2,743 Sq Ft Home
  • Triplex
  • Turnkey
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Utilities

  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Gas Range
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Assessor Parcel Number 060154032

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $180
  • Insurance Expense $700
  • Other Expense $144
  • Professional Management Expense $2,508
  • Trash Expense $450
  • Water Sewer Expense $2,700
  • New Taxes Expense $9,187
  • Operating Expense $15,869
  • Gross Income $35,820
  • Net Operating Income $19,951

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,902

Year Built

Built in 1973

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2508.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Grover Beach(350)
  • View: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: 20
  • Property Condition: Repairs Cosmetic, Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 060154032
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 264.31

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Rain Gutters
  • View: Dunes, City Lights, Ocean
  • Fence: Yes
  • Fencing: Average Condition, Chain Link, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered, Driveway, Asphalt, Garage Faces Front
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Refrigerator
  • Laundry Features: Common Area, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Level with Street, Rectangular Lot, Level
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722
  • Latitude Manual: 35.12343800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 180.00
  • Gross Operating Income: 35820.00
  • Gross Scheduled Income: 35820.00
  • Insurance Expense: 700.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 19951.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 2
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 15869.00
  • Other Expense: 144.00
  • Other Expense Description: gasdryer
  • Rent Control: Yes
  • Total Expenses: 15869.00

Tax Info

  • New Taxes Expense: 9187.00
  • Tax Census Tract: 121.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2019
Closed on
Aug 23, 2019
Sold by
Rea Karen and Rea Denise
Bought by
Blair Lisa Ann and Hofmann Karen Marie
Seller's Agent
Richard Gardner
Coastal Real Estate
Buyer's Agent
Narlene Carter-Keenan
Keller Williams Realty Central Coast
List Price
$735,000
Sold Price
$725,000
Premium/Discount to List
-$10,000
-1.36%
Current Estimated Value
$1,077,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,073
Avg. Annual Appreciation
6.87%
Original Mortgage
$543,750
Outstanding Balance
$478,284
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$598,789
Source: Public Records

Range of Values:

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Average Value
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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
Blair Lisa Ann $725,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blair Lisa Ann $543,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2019 09/10/19 Sold $725,000 -1.4% $264 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $735,000 0.0% $268 / Sq Ft
04/25/2019 04/25/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $735,000 -- $268 / 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 $8,902 $792,889 $355,433 $437,456
2024 $8,832 $777,343 $348,464 $428,879
2023 $8,832 $762,102 $341,632 $420,470
2022 $8,695 $747,160 $334,934 $412,226
2021 $8,593 $732,511 $328,367 $404,144
2020 $8,495 $725,000 $325,000 $400,000
2019 $1,328 $111,999 $9,832 $102,167
2018 $1,311 $109,804 $9,640 $100,164
2017 $1,253 $107,651 $9,451 $98,200
2016 $1,168 $105,541 $9,266 $96,275
2015 $1,141 $103,956 $9,127 $94,829
2014 $1,075 $101,921 $8,949 $92,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC19088999

California Regional Multiple Listing Service (CRMLS)

APN: 060-154-032