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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Guy Torelli

    Torelli Investment Realty

  • Leila Harrington

    Buyer's Agent in 2016

    Leila Harrington

    Leila Harrington, Broker

    (805) 712-7354

    30 Total Sales

    Leila Harrington
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1071343

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County Paso Robles 93446

318 4th St, Paso Robles, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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