NOT LISTED FOR SALE

3515 Park St Paso Robles, CA 93446

Estimated Value: $1,122,018 - $1,173,000

8 Beds
4 Baths
3,200 Sq Ft
$358/Sq Ft Est. Value

Last Sold October 29, 2024

Last sale price $1,111,000 $347 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,217/month

6 Days on Market

Highlights

  • Property is near a park
  • Granite Countertops
  • No HOA
  • Paso Robles High School Rated A-
  • Lawn
  • 3-minute walk to Uptown Family Park

About This Home

As of October 2024

Calling all investors! Great opportunity to own a fully rented 4 unit property, each unit consisting of 2 bedrooms and 1 full bathroom in desirable Paso Robles. Each unit has it's own single car garage with laundry hookups with an additional off street parking spot. Units A and B are single story and are paying $1635/mo and $1580/mo. The heating/air is provided by window units for these two (although there is potential to repair/replace the central heating/air that is there). Units C & D are upstairs (above unit B and above the garages), they enjoy central heating and air and currently rent for $1415/mo and $1700/mo. There's a nice shared courtyard area and lawn out front. Each unit is spacious with a living room, dining area, and full sized kitchen boasting granite counters. Unit D has been recently renovated with new flooring and paint throughout. There are separate gas and electric meters, so the owner only pays for water and trash.

Last Agent to Sell the Property

Jessica Baker

Oaks to Ocean Real Estate Brokerage Phone: 805-610-3586 License #01955079 Listed on: 09/30/2024

Co-Listed By

SUMMER RAMOS

Brokerage Phone: 805-610-3586 License #01992070

Last Buyer's Agent

Arpan Smith

Keller Williams Realty Central Coast License #02228252

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,567

Year Built

  • Built in 1983

Lot Details

  • 8,473 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Off-Street Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Assessor Parcel Number 008041022
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Pr City Limits West Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $4,320
  • Other Expense $11,000
  • Professional Management Expense $5,316
  • Trash Expense $2,520
  • Water Sewer Expense $5,448
  • Operating Expense $17,604
  • Gross Income $75,960
  • Net Operating Income $58,356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,567

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.80
  • Professional Management Expense: 5316.00
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • View: No
  • Water Sewer Expenses: 5448.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 4320.00
  • Parcel Number: 008041022
  • Year Built: 1983
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 347.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Off Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 2520.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Park Nearby
  • Lot Size Sq Ft: 8473.00
  • Lot Size Acres: 0.1945

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 75960.00
  • Gross Operating Income: 75960.00
  • Gross Scheduled Income: 75960.00
  • Lot Size Area: 8473.0000 Square Feet
  • Net Operating Income: 58356.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 2
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17604.00
  • Other Expense: 11000.00
  • Other Expense Description: Dremodel
  • Rent Control: No
  • Total Expenses: 17604.00

Tax Info

  • Tax Census Tract: 101.04
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Patel Amit and Patel Vinaben A
Bought by
Sand Dollar Trails Revocable Trust and Patel
Current Estimated Value
$1,147,005

Purchase Details

Listed on
Sep 30, 2024
Closed on
Oct 14, 2024
Sold by
David D Bushnell Irrevocable Sub-Trust and Jeremy Ryan Bushnell Trust
Bought by
Patel Amit and Patel Vinaben A
Seller's Agent
Jessica Baker
Oaks to Ocean Real Estate
Buyer's Agent
Arpan Smith
Keller Williams Realty Central Coast
List Price
$999,500
Sold Price
$1,111,000
Premium/Discount to List
$111,500
11.16%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.21%
Original Mortgage
$777,700
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2020
Sold by
Quinn Jacquelyn A and David D Bushnell Trust
Bought by
Bushnell Morris E and Bushnell David D

Purchase Details

Closed on
Mar 18, 2005
Sold by
Bushnell David D
Bought by
Bushnell David D

Purchase Details

Closed on
Mar 9, 2004
Sold by
Bushnell David Dwain and Bushnell Kathy
Bought by
Bushnell David D

Purchase Details

Closed on
Oct 19, 2000
Sold by
Bushnell Kathy
Bought by
Bushnell Kathy

Purchase Details

Closed on
Nov 18, 1997
Sold by
Bushnell James C and Walter Lee Bushnell Trust
Bought by
Bushnell David Dwain and Bushnell Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,810
Interest Rate
7.23%
Mortgage Type
Seller Take Back
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
Sand Dollar Trails Revocable Trust -- None Listed On Document
Patel Amit $1,111,000 First American Title
Bushnell Morris E -- None Available
Bushnell David D -- --
Bushnell David D -- --
Bushnell David D -- --
Bushnell Kathy -- --
Bushnell David Dwain -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Amit $777,700
Previous Owner Bushnell David Dwain $9,810
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $1,111,000 +11.2% $347 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $999,500 -- $312 / 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 $2,567 $235,482 $63,852 $171,630
2024 $2,525 $230,865 $62,600 $168,265
2023 $2,525 $226,339 $61,373 $164,966
2022 $2,487 $221,902 $60,170 $161,732
2021 $2,445 $217,552 $58,991 $158,561
2020 $2,412 $215,323 $58,387 $156,936
2019 $7,382 $655,452 $182,070 $473,382
2018 $7,281 $642,600 $178,500 $464,100
2017 $2,205 $202,907 $55,021 $147,886
2016 $2,162 $198,930 $53,943 $144,987
2015 $2,154 $195,943 $53,133 $142,810
2014 $2,079 $192,106 $52,093 $140,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS24198422

California Regional Multiple Listing Service (CRMLS)

APN: 008-041-022