NOT LISTED FOR SALE
2 Beds
3 Baths
2,977 Sq Ft
5,000 Sq Ft Lot

Last Sold December 11, 2018

Last sale price $1,025,000 $344 Per Sq Ft

24 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Front Yard
  • Laguna Middle School Rated A
  • Laundry Room

About This Home

As of December 2018

Great investment opportunity! This triplex offers a lower unit consisting of 1 bedroom, an office, 1 bath, patio off the kitchen, living room, plus a covered front porch. Built in buffet and cabinets from original house add character. The upper unit features 1 bedroom, 1 bath, spacious living room with dining area and a great deck adding additional outdoor living space. Immaculate studio over the garage with full kitchen, breakfast bar seating and private deck. 2 car garage plus additional parking for up to 4 additional vehicles. This is not a remodel, the original 1925 house was demolished and new construction completed in 2005. Ideally located just a few short blocks to downtown San Luis Obispo with great shopping, restaurants and the famous Farmer's Market.

Last Agent to Sell the Property

Hal Sweasey

Keller Williams Realty Central Coast License #01111911 Listed on: 10/26/2018

Keller Williams Realty Central Coast

Last Buyer's Agent

Tom Mees

McBride Real Estate License #00959579

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 2,977 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 003611001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $911
  • Insurance Expense $782
  • Trash Expense $336
  • Water Sewer Expense $3,225
  • New Taxes Expense $12,000
  • Operating Expense $17,254
  • Gross Income $52,800
  • Net Operating Income $24,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Team Sweasey
  • Other Phone Number: 805-592-2724
  • Property Attached: No
  • Subdivision Name Other: San Luis Obispo(380)
  • Water Sewer Expenses: 3225.00
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 911.00
  • Parcel Number: 003611001
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 344.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 336.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Average1 Bed Area: 1120 Square Feet
  • Average Studio Area: 736 Square Feet
  • Gross Income: 52800.00
  • Gross Scheduled Income: 60600.00
  • Insurance Expense: 782.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 24600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 36000.00
  • Rent Control: No
  • Total Actual Rent: 52800.00
  • Total Expenses: 17254.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 111.02

Range of Values:

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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
12/11/2018 12/11/18 Sold $1,025,000 -6.7% $344 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/14/2018 11/14/18 For Sale $1,099,000 0.0% $369 / Sq Ft
11/07/2018 11/07/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $1,099,000 -- $369 / 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: SP18258619

California Regional Multiple Listing Service (CRMLS)

APN: 003-611-001