NOT LISTED FOR SALE
8 Beds
4 Baths
4,272 Sq Ft
0.55 Acres

Last Sold June 15, 2018

Last sale price $1,200,000 $281 Per Sq Ft

2 Days on Market

Highlights

  • 23,958 Sq Ft lot
  • Private Yard
  • Foothills
  • Laguna Middle School Rated A
  • Laundry Room

About This Home

As of June 2018

Includes 3216 Rockview. Multi-Family property in the burgeoning South Broad St area, and room to add 3 or more units on R2 lot, plus upside in rents. Two duplex units, each consisting of two 2-bedrooms. In addition, each bedroom also has a loft. A deep lot is in front in which current zoning provides for up to an additional 3 or more units. Each unit has decks, yards, and balcony's. Interiors have diagonal wood paneling and high sloped ceilings. Kitchens have full ranges with ovens, exhaust hood, stainless steel double sinks, and a refrigerator. Laundry rooms are shared by two units. There is upside in rents. It is very likely also the lot can be split, so you may be able to build and sell the additional units or build a custom home to sell or live in with the added additional income from the existing units. Many possibilities with this mountain view property. This is the best deal on the market in town on a price per foot basis, even without the additional lot, additional buildout opportunity is a huge bonus. Information regarding development of this property have only been via general discussions with city planning personnel,so buyers and buyers agent should satisfy themselves with the appropriate building authorities prior to purchase.

Last Agent to Sell the Property

Kevin King

King Properties License #01013696 Listed on: 03/15/2018

King Properties

Last Buyer's Agent

Anthony Aurignac

Venture Real Estate License #01946262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.55 Acre Lot
  • 1 Common Wall
  • Private Yard
  • Lawn
  • Back and Front Yard

Home Design

  • 4,272 Sq Ft Home
  • Split Level Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 004583057

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $92
  • Fuel Expense $121
  • Insurance Expense $2,000
  • Trash Expense $1,342
  • Water Sewer Expense $3,618
  • New Taxes Expense $13,200
  • Operating Expense $25,371
  • Gross Income $81,000
  • Net Operating Income $55,629

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • CapRate: 4.60
  • Property Attached: Yes
  • Subdivision Name Other: San Luis Obispo(380)
  • Water Sewer Expenses: 3618.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 004583057
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Multi/Split
  • Price Per Square Foot: 280.90

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1342.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Lot 20000-39999 Sqft, Yard
  • Lot Size Sq Ft: 23958.00

Multi Family

  • Average2 Bed Area: 1016 Square Feet
  • Electric Expense: 92.42
  • Fuel Expense: 121.00
  • Gross Income: 81000.00
  • Gross Scheduled Income: 81000.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 55629.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 23026.00
  • Rent Control: No
  • Total Expenses: 25371.00

Tax Info

  • New Taxes Expense: 13200.00
  • Tax Census Tract: 111.03

Range of Values:

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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 Change Sq Ft Price
06/15/2018 06/15/18 Sold $1,200,000 0.0% $281 / Sq Ft
03/17/2018 03/17/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $1,200,000 +31.1% $281 / Sq Ft
10/09/2014 10/09/14 Sold $915,000 -25.3% $214 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $1,225,000 -- $287 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP18061075

California Regional Multiple Listing Service (CRMLS)

APN: 004-583-018