Seller's Agent in 2020
Maci Umbertis
RE/MAX
(805) 610-3595
232 Total Sales
3440 Spring St Paso Robles, CA 93446
3
Beds
3
Baths
4,950
Sq Ft
0.52
Acres
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Level Lot
- Paso Robles High School Rated A-
- Laundry Room
- 2-minute walk to Uptown Family Park
About This Home
As of January 2020Fantastic Investment Opportunity in Paso Robles! This 12 Unit Complex was once used as a local Motel, but is currently functioning as fully occupied apartments! Great 7+ CAP Rate! Included on the property is a 2bd/1ba home plus Office, 5- 1 "Bedroom" Units, 6- Studio Units, large workroom/storage above unit 12, and on site coin-op laundry! Unit #'s 6-9 have fenced backyards and all 12 Units have assigned parking. All units have separate sub-meters, allowing the property owner to charge tenants for their own electricity use. There is a large marquee sign for "Spanish Oaks Apartments" displayed at the entry. Newer roofs, have been installed on all multi-unit buildings and newer paint. This property has a long term history of no-vacancy and is a turnkey investment opportunity.
Last Agent to Sell the Property
RE/MAX Parkside Real Estate License #01784326 Listed on: 06/21/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 0.52 Acre Lot
- Two or More Common Walls
- Level Lot
Home Design
- 4,950 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 1
- Assessor Parcel Number 008041041
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $6,390
- Fuel Expense $3,795
- Insurance Expense $2,292
- Maintenance Expense $1,560
- Supplies Expense $269
- Trash Expense $2,738
- Water Sewer Expense $5,208
- New Taxes Expense $20,339
- Operating Expense $42,717
- Gross Income $14,395
- Net Operating Income $130,023
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $1,695,000 | -5.6% | $342 / Sq Ft |
| 12/18/2019 12/18/19 | Pending | -- | -- | -- |
| 12/05/2019 12/05/19 | For Sale | $1,795,000 | 0.0% | $363 / Sq Ft |
| 11/21/2019 11/21/19 | Pending | -- | -- | -- |
| 10/04/2019 10/04/19 | Price Changed | $1,795,000 | -5.3% | $363 / Sq Ft |
| 06/21/2019 06/21/19 | For Sale | $1,895,000 | -- | $383 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,205 | $1,853,723 | $743,675 | $1,110,048 |
| 2024 | $19,875 | $1,817,377 | $729,094 | $1,088,283 |
| 2023 | $19,875 | $1,781,744 | $714,799 | $1,066,945 |
| 2022 | $19,580 | $1,746,809 | $700,784 | $1,046,025 |
| 2021 | $19,245 | $1,712,559 | $687,044 | $1,025,515 |
| 2020 | $9,261 | $826,909 | $704,410 | $122,499 |
| 2019 | $9,130 | $810,697 | $690,599 | $120,098 |
| 2018 | $9,006 | $794,802 | $677,058 | $117,744 |
| 2017 | $8,468 | $779,219 | $663,783 | $115,436 |
| 2016 | $8,302 | $763,941 | $650,768 | $113,173 |
| 2015 | $8,271 | $752,467 | $640,993 | $111,474 |
| 2014 | $7,984 | $737,728 | $628,437 | $109,291 |
Source: Public Records
Agents Affiliated with this Home
-
Maci Umbertis
-
Aaron Graves
Buyer's Agent in 2020
Aaron Graves
EverlyGrove
(805) 704-0334
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NS19145903
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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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