Seller's Agent in 2020
Maci Umbertis
RE/MAX
(805) 610-3595
250 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Agents Affiliated with this Home
-
Maci Umbertis
-
Aaron Graves
Buyer's Agent in 2020
Aaron Graves
EverlyGrove
(805) 704-0334
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NS19145903
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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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