NOT LISTED FOR SALE

2931 Park St Paso Robles, CA 93446

7 Beds
4 Baths
2,949 Sq Ft
0.39 Acres

Last Sold January 22, 2021

Last sale price $665,000 $226 Per Sq Ft

About This Home

As of January 2021

Attention All Investors! If you are looking for a great investment property, look no further. Located at the Northern end of Paso Robles, this quaint multi-family residential income property offers great investment potential. Situated on a 16,950 square foot double lot, with plenty of parking and four total units. Three of the units feature two bedrooms and one bath. The fourth unit is a one bedroom and one bath. Strong rental history, with total current rents bringing in approximately $4,025 per month. Take advantage of the numerous possibilities this multi-family property has to offer.

Last Agent to Sell the Property

Jennifer Rogers

RE/MAX Parkside Real Estate License #01773813 Listed on: 01/25/2021

RE/MAX Parkside Real Estate

Last Buyer's Agent

Kevin Zepeda

Res Com Services License #01371903

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,949 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 5 / 203
  • Assessor Parcel Number 008081015

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Pr City Limits West Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,550
  • Fuel Expense $1,300
  • Professional Management Expense $3,600
  • Trash Expense $1,400
  • Water Sewer Expense $4,700
  • New Taxes Expense $3,450
  • Operating Expense $22,000
  • Gross Income $48,000
  • Net Operating Income $26,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • Water Sewer Expenses: 4700.00
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 008081015
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 225.50

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 16950.00
  • Lot Size Acres: 0.3891

Multi Family

  • Electric Expense: 4550.00
  • Fuel Expense: 1300.00
  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Lot Size Area: 16950.0000 Square Feet
  • Net Operating Income: 26000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22000.00
  • Rent Control: Yes
  • Total Actual Rent: 4025.00
  • Total Expenses: 22000.00

Tax Info

  • New Taxes Expense: 3450.00
  • Tax Block: 203
  • Tax Census Tract: 101.02
  • Tax Lot: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2021 01/25/21 For Sale $675,000 +1.5% $229 / Sq Ft
01/22/2021 01/22/21 Sold $665,000 -- $226 / Sq Ft
12/08/2020 12/08/20 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 $7,846 $719,816 $297,668 $422,148
2024 $7,718 $705,703 $291,832 $413,871
2023 $7,718 $691,866 $286,110 $405,756
2022 $7,603 $678,300 $280,500 $397,800
2021 $3,397 $302,267 $105,895 $196,372
2020 $3,351 $299,169 $104,810 $194,359
2019 $3,303 $293,304 $102,755 $190,549
2018 $3,258 $287,554 $100,741 $186,813
2017 $3,064 $281,916 $98,766 $183,150
2016 $1,799 $165,524 $66,209 $99,315
2015 $1,792 $163,039 $65,215 $97,824
2014 $1,730 $159,846 $63,938 $95,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS21015518

California Regional Multiple Listing Service (CRMLS)

APN: 008-081-015