NOT LISTED FOR SALE

Estimated Value: $1,043,000 - $1,232,000

4 Beds
2 Baths
1,525 Sq Ft
$747/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $950,000 $623 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,017/month

30 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 1-Story Property
  • Laguna Middle School Rated A
  • Wall Furnace

About This Home

As of February 2022

Well maintained and updated duplex in excellent San Luis Obispo location! Dual pane windows, newer kitchens and bathrooms, laminate flooring throughout, and drought tolerant professional landscaping all make an excellent income property! Each unit has its own indoor laundry area and covered parking spot and a large yard. Consistently easy to rent. Wonderful opportunity to own income property in a growing and thriving area of San Luis Obispo.

Last Agent to Sell the Property

Kristin Hunstad Ciecek

Hunstad Realty License #01422915 Listed on: 12/02/2021

Last Buyer's Agent

Benjamin Tilbury

Keller Williams Realty Central Coast License #02026424

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,923

Year Built

  • Built in 1959

Lot Details

  • 4,900 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Sprinkler System

Home Design

  • Duplex

Interior Spaces

  • 4 Bedrooms
  • 1,525 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 004912068

Community Details

Overview

  • 2 Units
  • San Luis Obispo Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $480
  • Water Sewer Expense $1,200
  • Operating Expense $1,680
  • Gross Income $43,200
  • Net Operating Income $41,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,923

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Other Phone Description: Text Agent
  • Price Per Unit: 487500
  • Property Attached: Yes
  • Subdivision Name Other: San Luis Obispo(380)
  • Water Sewer Expenses: 1200.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 004912068
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 622.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 4900.00
  • Lot Size Acres: 0.1125

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average Studio Area: 760 Square Feet
  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Lot Size Area: 4900.0000 Square Feet
  • Net Operating Income: 41520.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1680.00
  • Rent Control: No
  • Total Actual Rent: 3600.00
  • Total Expenses: 1680.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 111.02
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Feb 7, 2022
Sold by
Mlh Properties Llc
Bought by
Arrona Benjamin Gabriel and Arrona Karen Maureen
Seller's Agent
Kristin Hunstad Ciecek
Hunstad Realty
Buyer's Agent
Benjamin Tilbury
Keller Williams Realty Central Coast
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%
Current Estimated Value
$1,120,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,862
Avg. Annual Appreciation
5.30%
Original Mortgage
$807,500
Outstanding Balance
$752,760
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$385,868

Purchase Details

Listed on
Dec 2, 2021
Closed on
Jan 13, 2022
Sold by
Hinds Robert Lee and Chen Phoebe Yi
Bought by
Mlh Properties Llc
Seller's Agent
Kristin Hunstad Ciecek
Hunstad Realty
Buyer's Agent
Benjamin Tilbury
Keller Williams Realty Central Coast
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Outstanding Balance
$752,760
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$385,868

Purchase Details

Closed on
May 1, 2015
Sold by
Hinds Robert Lee and Chen Phoebe Y
Bought by
Hinds Chen Family Trust

Purchase Details

Closed on
Oct 14, 2014
Sold by
Meznarich Russ Edward and Meznarich Christina Landa
Bought by
Hinds Robert Lee and Chen Phoebe Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2007
Sold by
Howe Edward R and Howe Sandra L
Bought by
Meznarich Russ Edward and Meznarich Christina Landa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2003
Sold by
Vest Jerrold A and Vest Cynthia C
Bought by
Howe Edward R and Howe Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,250
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 1999
Sold by
Edmonds Michael F and Edmonds Shelly A
Bought by
Vest Jerrold A and Vest Cynthia C

Purchase Details

Closed on
Feb 3, 1996
Sold by
Edmonds Michael F and Edmonds Shelly A
Bought by
Edmonds Michael F and Edmonds Shelly A
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
Arrona Benjamin Gabriel $950,000 Fidelity National Title
Mlh Properties Llc -- None Available
Hinds Chen Family Trust -- Public
Hinds Robert Lee $570,000 First American Title Company
Meznarich Russ Edward $510,000 First American Title Co
Howe Edward R $442,500 Fidelity Title Company
Vest Jerrold A $194,000 Fidelity National Title Co
Edmonds Michael F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrona Benjamin Gabriel $807,500
Previous Owner Hinds Robert Lee $250,000
Previous Owner Hinds Robert Lee $427,500
Previous Owner Meznarich Russ Edward $408,000
Previous Owner Howe Edward R $398,250
Previous Owner Vest Jerrold A $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $950,000 -2.6% $623 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $975,000 -- $639 / 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 $10,923 $1,008,147 $689,785 $318,362
2024 $10,726 $988,380 $676,260 $312,120
2023 $10,726 $969,000 $663,000 $306,000
2022 $6,831 $645,538 $368,071 $277,467
2021 $6,723 $632,881 $360,854 $272,027
2020 $6,654 $626,392 $357,154 $269,238
2019 $6,585 $614,110 $350,151 $263,959
2018 $6,456 $602,070 $343,286 $258,784
2017 $6,329 $590,265 $336,555 $253,710
2016 $6,205 $578,692 $329,956 $248,736
2015 $6,110 $570,000 $325,000 $245,000
2014 $4,518 $450,000 $330,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21258265

California Regional Multiple Listing Service (CRMLS)

APN: 004-912-068