NOT LISTED FOR SALE

Estimated Value: $1,247,000 - $1,501,000

2 Beds
1 Bath
2,492 Sq Ft
$549/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $835,000 $335 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $8,312/month

56 Days on Market

Highlights

  • Property is near a park
  • Laundry Room
  • Level Lot
  • Laguna Middle School Rated A

About This Home

As of June 2020

Great investment opportunity! Three units each featuring 2 bedrooms, 1 bath, nice patio area and plenty of parking. Laundry hookups in 2 of the units. Currently rented for $4825 per month. Opportunities like this do not come up often with a great location near downtown San Luis Obispo, Emerson Park and public transportation.

Last Agent to Sell the Property

Hal Sweasey

Keller Williams Realty Central Coast License #01111911 Listed on: 03/11/2020

Keller Williams Realty Central Coast

Last Buyer's Agent

Jeff Inman

Inman Real Estate Investments License #01031072

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,420

Year Built

  • Built in 1971

Lot Details

  • 4,100 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 2,492 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 49
  • Assessor Parcel Number 003611022

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $650
  • Insurance Expense $1,187
  • Maintenance Expense $3,195
  • Pest Control $330
  • Professional Management Expense $3,800
  • Trash Expense $996
  • Water Sewer Expense $2,372
  • New Taxes Expense $11,250
  • Operating Expense $23,865
  • Gross Income $57,900
  • Net Operating Income $33,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,420

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Other Phone Description: Team Sweasey
  • Other Phone Number: 805-592-2724
  • Professional Management Expense: 3800.00
  • Property Attached: Yes
  • Subdivision Name Other: San Luis Obispo(380)
  • Water Sewer Expenses: 2372.00
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 650.00
  • Parcel Number: 003611022
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 335.07

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Pest Control Expense: 330.00
  • Sewer: Public Sewer
  • Trash Expense: 996.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 4100.00
  • Lot Size Acres: 0.0941

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 830 Square Feet
  • Gross Income: 57900.00
  • Gross Scheduled Income: 57310.00
  • Insurance Expense: 1187.00
  • Lot Size Area: 4100.0000 Square Feet
  • Maintenance Expense: 3195.00
  • Net Operating Income: 33445.00
  • 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
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 23865.00
  • Rent Control: No
  • Total Expenses: 23865.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Block: 49
  • Tax Census Tract: 111.02
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
May 18, 2020
Sold by
Hiteshew Tyler and Hiteshew Mason
Bought by
Giese Christopher A and Giese Laura F
Seller's Agent
Hal Sweasey
Keller Williams Realty Central Coast
Buyer's Agent
Jeff Inman
Inman Real Estate Investments
List Price
$974,900
Sold Price
$835,000
Premium/Discount to List
-$139,900
-14.35%
Current Estimated Value
$1,368,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,888
Avg. Annual Appreciation
9.95%
Original Mortgage
$445,000
Outstanding Balance
$395,329
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$973,559

Purchase Details

Closed on
Nov 1, 2007
Sold by
Campbell Tyler P and Campbell Jerilynn F
Bought by
Beck Deann

Purchase Details

Closed on
Feb 20, 2003
Sold by
Campbell Tyler
Bought by
Campbell Tyler P and Campbell Jerilynn F

Purchase Details

Closed on
Dec 9, 2002
Sold by
Campbell Lusardi Leslie
Bought by
Campbell Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2002
Sold by
Louie Robert and Louie Agnes
Bought by
Campbell Jason E and Campbell Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2002
Sold by
Campbell Jerilynn
Bought by
Campbell Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2002
Sold by
Norman Darlene
Bought by
Louie Robert and Louie Agnes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2001
Sold by
Norman Darlene
Bought by
Norman Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2000
Sold by
Cooper Darlene Norman
Bought by
Norman Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 12, 1999
Sold by
Norman Darlene and Cooper Darlene Norman
Bought by
Norman Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,649
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
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
Giese Christopher A $835,000 Fidelity National Title Co
Beck Deann $678,000 Fidelity National Title Co
Campbell Tyler P -- --
Campbell Damon -- First American Title Company
Campbell Jason E $622,500 First American Title Company
Campbell Tyler -- First American Title Company
Louie Robert $556,000 Fidelity Title Company
Norman Darlene -- Fidelity Title Company
Norman Darlene -- Cuesta Title Company
Norman Darlene -- --
Norman Darlene -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giese Christopher A $445,000
Previous Owner Campbell Jason E $250,000
Previous Owner Louie Robert $350,000
Previous Owner Norman Darlene $50,000
Previous Owner Norman Darlene $75,000
Previous Owner Norman Darlene $60,000
Previous Owner Norman Darlene $25,000
Previous Owner Norman Darlene $76,649
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2020 06/12/20 Sold $835,000 -7.1% $335 / Sq Ft
04/09/2020 04/09/20 Price Changed $899,000 -7.8% $361 / Sq Ft
03/11/2020 03/11/20 For Sale $974,900 -- $391 / 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 $10,420 $913,190 $492,139 $421,051
2024 $10,241 $895,286 $482,490 $412,796
2023 $10,241 $877,732 $473,030 $404,702
2022 $9,613 $860,522 $463,755 $396,767
2021 $9,431 $843,650 $454,662 $388,988
2020 $9,113 $814,296 $432,371 $381,925
2019 $9,007 $798,331 $423,894 $374,437
2018 $8,839 $782,679 $415,583 $367,096
2017 $8,662 $767,334 $407,435 $359,899
2016 $8,368 $752,290 $399,447 $352,843
2015 $7,943 $740,990 $393,447 $347,543
2014 $7,445 $726,476 $385,740 $340,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP20054532

California Regional Multiple Listing Service (CRMLS)

APN: 003-611-022