NOT LISTED FOR SALE

Estimated Value: $1,275,936

6 Beds
6 Baths
3,772 Sq Ft
$338/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2022

Last sale price $1,200,000 $318 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,165 / mo

12 Days on Market

Highlights

  • Corner Lot
  • Foothills
  • Gentle Sloping Lot
  • High Efficiency Air Conditioning
  • High Efficiency Heating System

About This Home

As of August 2022

West Paso Robles in Old Town. Opportunity to purchase a triplex with in walking distance to the City Park and Restaurants & Shops. Owner purchased this property and transformed this property into three 2 bedroom 2 bath apartments. Each beautifully complete with its own private deck. Tall ceiling, clean lines, split pack Heat and air units, rail /hanging sliders and more with a modern touch. This property finished construction last year. There are additional plans into the city for 3 more units on the property, for a total of 6 units should the new owner choose to build. Per owner, permits are ready to pull at the city. Great location, great property! Perfect for long term investment, possibly keeping one of the residences for yourself if you like Wine Country visits. * Information from seller or seller's agents used to sell the property are believed to be from reliable sources but are not verified or guaranteed, purchaser agrees to verify all information through purchaser's hired professionals during property review. Please do not disturb tenants. Income and expense statement available upon request. Seller may effect a tax differed exchange.

Last Agent to Sell the Property

Mitch Culver

RE/MAX Parkside Real Estate License #00892595 Listed on: 07/31/2022

RE/MAX Parkside Real Estate

Last Buyer's Agent

David Crabtree

Home & Ranch Sotheby's Intl License #01092187

Home & Ranch Sotheby's Intl
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 21,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Gentle Sloping Lot

Parking

  • 6 Car Garage

Home Design

  • 3,772 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System

Listing and Financial Details

  • Legal Lot and Block 10 / 140
  • Assessor Parcel Number 009281009

Community Details

Overview

  • 3 Units
  • Pr City Limits West Subdivision
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $150
  • Maintenance Expense $200
  • Other Expense $606
  • Trash Expense $143
  • Water Sewer Expense $165
  • Operating Expense $658
  • Gross Income $7,050
  • Net Operating Income $6,392

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.48 Acres

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • Water Sewer Expenses: 165.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 009281009
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 318.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: High Efficiency
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 142.96
  • Water Source: Public
  • Cooling: High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Gentle Sloping
  • Lot Size Sq Ft: 21000.00
  • Lot Size Acres: 0.4821

Multi Family

  • Gross Income: 7050.00
  • Gross Scheduled Income: 7050.00
  • Insurance Expense: 150.00
  • Lot Size Area: 21000.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 6392.04
  • 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
  • Operating Expense: 657.96
  • Other Expense: 606.00
  • Other Expense Description: property
  • Rent Control: Yes
  • Total Actual Rent: 7050.00
  • Total Expenses: 657.96

Tax Info

  • Tax Block: 140
  • Tax Census Tract: 101.03
  • Tax Lot: 10

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

Closed on
Jan 30, 2024
Sold by
Bought by
Current Estimated Value
$1,275,936

Purchase Details

Listed on
Jul 31, 2022
Closed on
Aug 19, 2022
Sold by
Bought by
Seller's Agent
Mitch Culver
RE/MAX Parkside Real Estate
Buyer's Agent
David Crabtree
Home & Ranch Sotheby's Intl
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%

Purchase Details

Listed on
Oct 30, 2017
Closed on
Mar 8, 2018
Sold by
Bought by
Seller's Agent
Karen McNamara
Classic Coast Realty, Inc.
Buyer's Agent
Corban Holland
Pacifica Commercial Realty
List Price
$550,000
Sold Price
$450,000
Premium/Discount to List
-$100,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.10%
Original Mortgage
$300,000
Interest Rate
4.43%
Mortgage Type
Commercial
Source: Public Records

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
-- None Listed On Document
-- None Listed On Document
$1,200,000 First American Title
$450,000 First American 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 $715,500
Previous Owner $300,000
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 Prior Sale
08/29/2022 08/29/22 Sold $1,200,000 -17.2% $318 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
07/31/2022 07/31/22 For Sale $1,450,000 +222.2% $384 / Sq Ft
04/12/2018 04/12/18 Sold $450,000 -18.2% $125 / Sq Ft View Prior Sale
02/12/2018 02/12/18 Pending -- -- --
12/31/2017 12/31/17 For Sale $550,000 0.0% $153 / Sq Ft
12/17/2017 12/17/17 Pending -- -- --
12/15/2017 12/15/17 For Sale $550,000 0.0% $153 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
10/30/2017 10/30/17 For Sale $550,000 -- $153 / 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
2026 $13,825 $1,273,449 $403,259 $870,190
2025 $13,608 $1,248,480 $395,352 $853,128
2024 $13,386 $1,224,000 $387,600 $836,400
2023 $13,386 $1,200,000 $380,000 $820,000
2022 $7,352 $655,888 $402,074 $253,814
2021 $7,058 $628,029 $394,191 $233,838
2020 $6,528 $582,880 $390,150 $192,730
2019 $5,169 $459,000 $382,500 $76,500
2018 $2,063 $182,052 $118,341 $63,711
2017 $0 $178,483 $116,021 $62,462
2016 -- $174,985 $113,747 $61,238
2015 -- $172,358 $112,039 $60,319
2014 -- $168,983 $109,845 $59,138
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS22164318

California Regional Multiple Listing Service (CRMLS)

APN: 009-281-009

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