NOT LISTED FOR SALE

Estimated Value: $1,090,000 - $1,471,000

8 Beds
8 Baths
4,080 Sq Ft
$327/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $1,250,000 $306 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,736/month

10 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 5-minute walk to Orcutt Park

About This Home

As of August 2023

This well-maintained 4-plex is a perfect investment for an owner-user and/or value-add investor. The property features a tile roof, spacious 2-bedroom apartment homes averaging over 1,000 SF with private patios and four garages. Located in the highly desirable area of Old Orcutt, these units are within walking distance to many great restaurants and services.

Last Agent to Sell the Property

Jason Hart

Hart Commercial Real Estate License #01334694 Listed on: 07/25/2023

Last Buyer's Agent

Larry Lahr

Rincon Corporation License #00935487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,518

Year Built

  • Built in 1985

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,080 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 105101008

Community Details

Overview

  • 4 Units
  • Orcutt West Subdivision

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $299
  • Insurance Expense $1,904
  • Maintenance Expense $8,873
  • Other Expense $1,945
  • Professional Management Expense $4,247
  • Trash Expense $2,703
  • Water Sewer Expense $2,092
  • New Taxes Expense $13,750
  • Operating Expense $35,814
  • Gross Income $64,416
  • Net Operating Income $28,602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,518

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 312500
  • Professional Management Expense: 4247.00
  • Property Attached: Yes
  • Subdivision Name Other: Orcutt West(880)
  • Water Sewer Expenses: 2092.00
  • Zoning: OT-R-14
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 105101008
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Ground Floor
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 306.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2703.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Average2 Bed Area: 1020 Square Feet
  • Electric Expense: 299.00
  • Gross Income: 64416.00
  • Gross Scheduled Income: 64416.00
  • Insurance Expense: 1904.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 8873.00
  • Net Operating Income: 28602.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 35814.00
  • Other Expense: 1945.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Expenses: 35814.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Block: 1
  • Tax Census Tract: 20.12
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2024
Sold by
Snyder Robert C
Bought by
Old Man Club Living Trust
Current Estimated Value
$1,335,378

Purchase Details

Closed on
Mar 19, 2024
Sold by
W & E Llc
Bought by
Snyder Robert Coleman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
6.74%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 25, 2023
Closed on
Sep 19, 2023
Sold by
W & E Llc
Bought by
W & E Llc
Seller's Agent
Jason Hart
Hart Commercial Real Estate
Buyer's Agent
Larry Lahr
Rincon Corporation
List Price
$1,250,000
Sold Price
$1,250,000
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%

Purchase Details

Listed on
Jul 25, 2023
Closed on
Aug 24, 2023
Sold by
Suzanne Marie Hinds 2003 Trust
Bought by
W & E Llc
Seller's Agent
Jason Hart
Hart Commercial Real Estate
Buyer's Agent
Larry Lahr
Rincon Corporation
List Price
$1,250,000
Sold Price
$1,250,000
Views
52

Purchase Details

Closed on
May 21, 2023
Sold by
Evans Survivor'S Trust
Bought by
Suzanne Marie Hinds 2003 Trust

Purchase Details

Closed on
Sep 8, 2021
Sold by
Taylor Karen Louise
Bought by
Evans Margaret Lelia and Evans Cherie Lee

Purchase Details

Closed on
Mar 4, 2019
Sold by
Evans Margaret Leila and Evans Cherie Lee
Bought by
Evans Margaret Lelia and Evans Cherie Lee

Purchase Details

Closed on
Aug 2, 2002
Sold by
Evans Leo M
Bought by
Evans Leo M and Evans Margaret Leila

Purchase Details

Closed on
Dec 21, 2001
Sold by
Evans Leo M
Bought by
Evans Cherie Lee

Purchase Details

Closed on
Dec 29, 1997
Sold by
Evans Margaret Lelia
Bought by
Evans Leo M

Purchase Details

Closed on
Dec 2, 1997
Sold by
Taylor Calvin
Bought by
Taylor Karen Louise

Purchase Details

Closed on
Nov 12, 1997
Sold by
Rivers Robert W and Rivers Elinor L
Bought by
Evans Leo M and Taylor Karen Louise

Purchase Details

Closed on
Sep 20, 1996
Sold by
Lafranchi Charles H and Wren Lonstance Ann Lafranchi
Bought by
Lafranchi Edward H and Lafranchi Survivors Trust

Purchase Details

Closed on
Sep 17, 1996
Sold by
Lafranchi Revocable Family Trust
Bought by
Lafranchi Edward H and Lafranchi Non Exempt Marital Deduction T

Purchase Details

Closed on
Jan 31, 1995
Sold by
Lafranchi Edward H
Bought by
Lafranchi Charles H and Wren Constance Ann Lafranchi
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
Old Man Club Living Trust -- None Listed On Document
Snyder Robert Coleman $1,350,000 Fidelity National Title Compan
W & E Llc -- Fidelity National Title Compan
W & E Llc $1,250,000 Fidelity National Title Compan
Suzanne Marie Hinds 2003 Trust $750,000 Placer Title Company
Evans Margaret Lelia $175,000 Fidelity National Title Co
Evans Margaret Lelia -- None Available
Evans Leo M -- None Available
Evans Cherie Lee $45,000 --
Evans Leo M -- Chicago Title Co
Taylor Karen Louise -- Chicago Title Co
Evans Leo M $255,000 Chicago Title Co
Lafranchi Edward H $12,500 --
Lafranchi Edward H -- --
Lafranchi Charles H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Snyder Robert Coleman $1,275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2023 08/29/23 Sold $1,250,000 0.0% $306 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $1,250,000 -- $306 / 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 $17,518 $1,377,000 $459,000 $918,000
2023 $17,518 $548,498 $160,852 $387,646
2022 $9,603 $537,745 $157,699 $380,046
2021 $7,734 $376,140 $88,497 $287,643
2020 $7,649 $372,284 $87,590 $284,694
2019 $7,537 $364,985 $85,873 $279,112
2018 $7,385 $357,830 $84,190 $273,640
2017 $7,229 $350,815 $82,540 $268,275
2016 $7,059 $343,937 $80,922 $263,015
2014 $6,568 $332,137 $78,146 $253,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23135975

California Regional Multiple Listing Service (CRMLS)

APN: 105-101-008