NOT LISTED FOR SALE

318 4th St Paso Robles, CA 93446

-- Bed
-- Bath
5,250 Sq Ft
0.93 Acres

Last Sold October 10, 2016

Last sale price $1,005,000 $191 Per Sq Ft

9 Days on Market

About This Home

As of October 2016

Marketing Remarks: 7 Units on 4th Street in Downtown Paso Robles, walking distance to City Park. Solid rental income in place with strong rental upside. Two detached homes, one duplex, and one triplex on 40,500 square foot lot. One 3 bedroom, four 2 bedrooms, one 1 bedroom & 1 studio. Separately metered for gas/electric. Units have fenced in yards/patios. Quiet area West of Vine Street surrounded by single family homes. Two new septic tanks installed a few years ago. On-site laundry.

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 09/20/2016

Last Buyer's Agent

Leila Harrington

Leila Harrington, Broker License #01509429

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.93 Acre Lot

Home Design

  • 5,250 Sq Ft Home
  • Slab Foundation
  • Shingle Roof

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • 7 Units
  • Net Operating Income $60,823

Listing and Financial Details

  • Assessor Parcel Number 018231006

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • CapRate: 5.50
  • Subdivision Name Other: PR City Limits West(120)
  • Property Type: Residential Income
  • Parcel Number: 018231006
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 191.43

Exterior Features

  • Foundation: Slab
  • Roof: Shingle

Utilities

  • Heating Type: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 40502.00

Multi Family

  • Gross Multiplier: 12.20
  • Net Operating Income: 60823.00
  • Number Of Units Total: 7
  • Operating Expense: 29417.00
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Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2016 10/10/16 Sold $1,005,000 -8.6% $191 / Sq Ft
09/29/2016 09/29/16 Pending -- -- --
09/20/2016 09/20/16 For Sale $1,100,000 -- $210 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $29,140 $2,754,000 $714,000 $2,040,000
2024 $12,119 $2,700,000 $700,000 $2,000,000
2023 $12,119 $1,121,093 $429,473 $691,620
2022 $11,911 $1,099,111 $421,052 $678,059
2021 $11,677 $1,077,561 $412,797 $664,764
2020 $11,558 $1,066,513 $408,565 $657,948
2019 $11,331 $1,045,602 $400,554 $645,048
2018 $11,109 $1,025,100 $392,700 $632,400
2017 $10,403 $1,005,000 $385,000 $620,000
2016 $7,376 $712,520 $271,954 $440,566
2015 $7,263 $701,818 $267,869 $433,949
2014 $6,990 $688,071 $262,622 $425,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1071343

California Regional Multiple Listing Service (CRMLS)