NOT LISTED FOR SALE

3537 Spring St Paso Robles, CA 93446

Estimated Value: $1,034,000 - $1,283,000

8 Beds
4 Baths
3,520 Sq Ft
$322/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $718,000 $204 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,646/month

11 Days on Market

Highlights

  • Contemporary Architecture
  • Central Heating and Cooling System
  • Block Wall Fence
  • Paso Robles High School Rated A-
  • Turnkey
  • 1-minute walk to Uptown Family Park

About This Home

As of January 2020

Very nice 4-plex in Paso Robles. The complex was build in 1984 and each unit offers 2 bedrooms, 1 bath, apprx. 880 sq.ft. and has a one car garage. There are 2 upstairs units and 2 downstairs units. The complex is in very good condition and adjacent to Uptown Family Park. If you have been wanting a great income producing property this is the one.

Last Agent to Sell the Property

Kirk Najarian

West Coast Properties License #01188188 Listed on: 11/21/2019

Co-Listed By

Cameron Najarian

West Coast Properties License #02075863

Last Buyer's Agent

Anthony Aurignac

Venture Real Estate License #01946262

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 8,550 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 1
  • Assessor Parcel Number 008031021

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,200
  • Trash Expense $2,244
  • Water Sewer Expense $4,800
  • New Taxes Expense $8,748
  • Operating Expense $18,348
  • Gross Income $56,400
  • Net Operating Income $37,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.40
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: R4
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 008031021
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 203.98

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Range
  • Heating Type: Central, Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 2244.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8550.00
  • Lot Size Acres: 0.1963

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 880 Square Feet
  • Gross Income: 56400.00
  • Gross Multiplier: 12.40
  • Gross Operating Income: 56400.00
  • Gross Scheduled Income: 4700.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8550.0000 Square Feet
  • Net Operating Income: 37900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18348.00
  • Rent Control: Yes
  • Total Actual Rent: 56400.00
  • Total Expenses: 18348.00

Tax Info

  • New Taxes Expense: 8748.00
  • Tax Census Tract: 101.02
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2022
Sold by
Perino Justin J and Perino Rachelle R
Bought by
Perino Family Trust and Perino
Current Estimated Value
$1,134,589

Purchase Details

Closed on
Oct 16, 2020
Sold by
Perino Justin J and Bodenshot Rachelle
Bought by
Justin J Perino Living Trust and Rachelle Roach Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2019
Closed on
Jan 9, 2020
Sold by
Shriners Hospitals For Childern
Bought by
Perino Justin J and The Justin J Perino Living Tru
Seller's Agent
Kirk Najarian
West Coast Properties
Buyer's Agent
Anthony Aurignac
Venture Real Estate
List Price
$699,900
Sold Price
$718,000
Premium/Discount to List
$18,100
2.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$538,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2019
Sold by
Eckert Robert E and Robert E Eckert Revocable Trus
Bought by
Shriners Hospitals For Children

Purchase Details

Closed on
Dec 15, 2017
Sold by
Eckert Robert E
Bought by
Eckert Robert E and Robert E Eckert Revocable Trus
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Perino Family Trust -- None Listed On Document
Perino Justin J -- None Listed On Document
Perino Justin J -- None Listed On Document
Justin J Perino Living Trust -- Placer Title
Perino Justin J -- Placer Title
Perino Justin J $718,000 Solidifi
Shriners Hospitals For Children -- None Available
Eckert Robert E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perino Justin J $543,750
Previous Owner Perino Justin J $538,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2020 01/24/20 Sold $718,000 +2.6% $204 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
11/21/2019 11/21/19 For Sale $699,900 -- $199 / 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 $8,559 $785,233 $300,751 $484,482
2024 $8,419 $769,837 $294,854 $474,983
2023 $8,419 $754,743 $289,073 $465,670
2022 $8,294 $739,945 $283,405 $456,540
2021 $8,152 $725,438 $277,849 $447,589
2020 $8,041 $718,000 $275,000 $443,000
2019 $3,635 $322,757 $74,270 $248,487
2018 $3,585 $316,429 $72,814 $243,615
2017 $3,371 $310,226 $71,387 $238,839
2016 $3,305 $304,144 $69,988 $234,156
2015 $3,293 $299,576 $68,937 $230,639
2014 $3,179 $293,709 $67,587 $226,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC19269431

California Regional Multiple Listing Service (CRMLS)

APN: 008-031-021