NOT LISTED FOR SALE

Estimated Value: $1,464,645 - $2,009,000

8 Beds
4 Baths
3,796 Sq Ft
$436/Sq Ft Est. Value

Last Sold May 16, 2014

Last sale price $1,155,000 $304 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,067/month

4 Days on Market

About This Home

As of May 2014

Marketing Remarks: FOR SALE: Location, Location, Location. Rare opportunity to own a four-plex apartment building within walking distance to Cal Poly, with future condo development potential. Located close to the Highland Drive entrance to Cal Poly, this complex is located in a heavily populated popular student housing area. Two story building features 4, 2 bedroom, 1 bath units, approx. 950 SF each. Very well maintained complex with newer paint and windows. Complex is always rented. Property is zoned R4, the highest density allowed in San Luis Obispo, and may have the possibility to add another unit (verify with the city). Perfect as an investment, or a buy and hold for future condo development. Should be favorable to finance as it's under 5 units, qualifying it for a residential loan.

Last Agent to Sell the Property

Preston Thomas

Colliers Tingey International Inc. License #01378821 Listed on: 04/14/2014

Last Buyer's Agent

Marsha Willingham

Richardson Sotheby's International Realty License #00614169

Richardson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,866

Year Built

  • Built in 1968

Lot Details

  • 9,230

Home Design

  • 3,796 Sq Ft Home
  • Slab Foundation
  • Tar and Gravel Roof

Additional Features

  • 9,230 Sq Ft Lot
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 052332012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,866

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 052332012
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 304.27

Exterior Features

  • Foundation: Slab
  • Roof: Tar/Gravel

Utilities

  • Heating Type: Baseboard

Lot Info

  • Lot Size Sq Ft: 9230.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Lot Size Area: 9230.0000 Square Feet
  • Operating Expense: 6500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2014
Closed on
Apr 24, 2014
Sold by
Thomas George P and Thomas Shelle G
Bought by
Cenco Enterprises Llc
Seller's Agent
Preston Thomas
Colliers Tingey International Inc.
Buyer's Agent
Marsha Willingham
Richardson Sotheby's International Realty
List Price
$1,165,000
Sold Price
$1,155,000
Premium/Discount to List
-$10,000
-0.86%
Current Estimated Value
$1,654,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,411
Avg. Annual Appreciation
3.19%

Purchase Details

Closed on
Aug 22, 2005
Sold by
Bearce Gary L and Wilbur D Bearce Revocable Trus
Bought by
Thomas George P and Thomas Shelle G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cenco Enterprises Llc -- First American Title Company
Thomas George P $900,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas George P $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2014 05/16/14 Sold $1,155,000 -0.9% $304 / Sq Ft
04/18/2014 04/18/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $1,165,000 -- $307 / 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 $15,866 $1,415,858 $490,338 $925,520
2024 $15,589 $1,388,097 $480,724 $907,373
2023 $15,589 $1,360,881 $471,299 $889,582
2022 $14,626 $1,334,198 $462,058 $872,140
2021 $14,364 $1,308,039 $452,999 $855,040
2020 $14,215 $1,294,628 $448,355 $846,273
2019 $14,056 $1,269,244 $439,564 $829,680
2018 $13,789 $1,244,358 $430,946 $813,412
2017 $13,516 $1,219,960 $422,497 $797,463
2016 $13,183 $1,196,040 $414,213 $781,827
2015 $12,629 $1,178,076 $407,992 $770,084
2014 $8,010 $780,000 $420,000 $360,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1043056

California Regional Multiple Listing Service (CRMLS)

APN: 052-332-012