NOT LISTED FOR SALE

Estimated Value: $842,202

3 Beds
2 Baths
1,552 Sq Ft
$543/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2023

Last sale price $730,000 $470 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,327 / mo

13 Days on Market

Highlights

  • View of Trees or Woods
  • Shed
  • Wood Fence
  • Laundry in Carport
  • Forced Air Heating System
  • Stacked Washer and Dryer

About This Home

As of June 2023

Welcome to this stunning income property with amazing views. Perfect for an owner-occupied family, short term rental (STR) ***update on 5.30.23...there is a moratorium on STR per the city website**** or an Investor/Landlord. Imagine living in a great neighborhood in Pismo Beach while a tenant helps pay your mortgage. Close by, there is a walking trail and you can walk to the Pismo Beach Pier in 7 minutes. The upper unit has 2 bedrooms and 1 bathroom with a potential of $2,500 per month in rent to offset your mortgage investment. The lower unit is a 1 bedroom 1 bathroom with an income stream potential of $2,000 per month. A private deck for the upper unit. There is storage shed in the back yard and a built in storage room below the carport (accessed from the back yard). Both heating systems have been upgraded recently. Windows that open/move are dual glazed, stationary windows have not been upgraded. This investment has been enjoyed by a family for 23 years. Who is ready to take advantage of this beautiful investment and become it's caretaker for the next decades to come? *** Updated Amount*** Seller may carry with a ***$400,000 Down Payment. This rare jewel won't last, submit your highest and best offer today.

Last Agent to Sell the Property

Robin Abbott

Robin Abbott Real Estate Services License #01927354 Listed on: 04/25/2023

Last Buyer's Agent

Robin Abbott

Robin Abbott Real Estate Services License #01927354 Listed on: 04/25/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 4,000 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Back Yard

Home Design

  • Duplex
  • Entry on the 2nd floor

Interior Spaces

  • 1,552 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in Carport
  • Stacked Washer and Dryer

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 13
  • Assessor Parcel Number 005102016
  • $1 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Pismo Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • Electric Expense $587
  • Fuel Expense $1,493
  • Gardener Expense $1,350
  • Insurance Expense $3,640
  • Pest Control $795
  • Trash Expense $1,313
  • Water Sewer Expense $1,240
  • Operating Expense $8,925
  • Gross Income $42,443
  • Net Operating Income $45,075

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

4,000 Sq Ft Lot

Listing Details

  • Inclusions: Stoves & Shed, Stackable washer & dryer in carport closet
  • Property Attached: Yes
  • Subdivision Name Other: Pismo Beach (360)
  • View: Yes
  • Water Sewer Expenses: 1240.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1350.00
  • Parcel Number: 005102016
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 470.36

Exterior Features

  • Other Structures: Shed(s)
  • View: Trees/Woods
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Carport, Stackable
  • Pest Control Expense: 795.00
  • Sewer: Public Sewer
  • Trash Expense: 1313.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 587.00
  • Fuel Expense: 1493.00
  • Gross Income: 42443.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 3640.00
  • Lot Size Area: 4000.0000 Square Feet
  • Net Operating Income: 45075.00
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 8925.00
  • Rent Control: Yes
  • Total Expenses: 8925.00

Tax Info

  • Tax Census Tract: 117.06
  • Tax Lot: 13
  • TaxOtherAnnualAssessmentAmount: 1.00

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

Listed on
Apr 25, 2023
Closed on
May 18, 2023
Sold by
Bought by
Seller's Agent
Robin Abbott
Robin Abbott Real Estate Services
Buyer's Agent
Robin Abbott
Robin Abbott Real Estate Services
List Price
$785,000
Sold Price
$730,000
Premium/Discount to List
-$55,000
-7.01%
Views
107
Current Estimated Value
$842,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,202
Avg. Annual Appreciation
4.58%
Original Mortgage
$330,000
Outstanding Balance
$317,573
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$524,629

Purchase Details

Closed on
Oct 6, 2015
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2006
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
3.95%

Purchase Details

Closed on
Feb 16, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
3.95%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$730,000 Chicago Title
-- None Available
-- None Available
-- --
$220,000 Fidelity National Title Co
$220,000 Fidelity National Title Co
-- Fidelity National Title Co
$105,000 Fidelity National 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
Open $330,000
Previous Owner $124,000
Previous Owner $75,000
Previous Owner $119,900
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
06/06/2023 06/06/23 Sold $730,000 -7.0% $470 / Sq Ft
05/10/2023 05/10/23 For Sale $785,000 +7.5% $506 / Sq Ft
05/01/2023 05/01/23 Off Market $730,000 -- --
04/28/2023 04/28/23 Price Changed $785,000 +4.7% $506 / Sq Ft
04/25/2023 04/25/23 For Sale $750,000 -- $483 / 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 $8,373 $774,681 $477,543 $297,138
2025 $8,100 $759,492 $468,180 $291,312
2024 $9,484 $744,600 $459,000 $285,600
2023 $9,484 $869,230 $643,876 $225,354
2022 $9,337 $852,187 $631,251 $220,936
2021 $8,383 $750,000 $550,000 $200,000
2020 $7,282 $650,000 $425,000 $225,000
2019 $6,267 $550,000 $375,000 $175,000
2018 $6,308 $550,000 $375,000 $175,000
2017 $6,099 $530,000 $375,000 $155,000
2016 $5,289 $475,000 $265,000 $210,000
2015 $4,757 $425,000 $230,000 $195,000
2014 $4,261 $385,000 $225,000 $160,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23067942

California Regional Multiple Listing Service (CRMLS)

APN: 005-102-016

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