Seller's Agent in 2020
Maci Umbertis
RE/MAX
(805) 610-3595
226 Total Sales
3440 Spring St Paso Robles, CA 93446
Paso Robles Area
3
Beds
3
Baths
4,950
Sq Ft
0.52
Acre Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Paso Robles High School Rated A-
- Level Lot
- 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
- 22,650 Sq Ft 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 in unit
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2019
Closed on
Dec 26, 2019
Sold by
Bought by
Seller's Agent
Maci Umbertis
RE/MAX Parkside Real Estate
Buyer's Agent
Aaron Graves
EverlyGrove
List Price
$1,795,000
Sold Price
$1,695,000
Premium/Discount to List
-$100,000
-5.57%
Purchase Details
Closed on
Apr 25, 2019
Sold by
Bought by
Purchase Details
Closed on
Aug 23, 2011
Sold by
Bought by
Purchase Details
Closed on
Oct 23, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,075
Interest Rate
0.0628%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 12, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
0.0669%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 5, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
0.0669%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 29, 1998
Sold by
Bought by
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,695,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | None Available | ||
| $675,500 | First American Title Co | ||
| $649,000 | First American Title Co | ||
| -- | First American Title Co | ||
| $155,000 | Chicago Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $250,000 | ||
| Previous Owner | $285,000 | ||
| Previous Owner | $285,000 | ||
| Previous Owner | $272,075 | ||
| Previous Owner | $427,000 | ||
| Previous Owner | $150,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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