NOT LISTED FOR SALE

Estimated Value: $772,383

3 Beds
2 Baths
1,202 Sq Ft
$643/Sq Ft Est. Value

Sale Details

Date Sold: March 13, 2024

Last sale price $810,000 $674 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,430 / mo

8 Days on Market

Highlights

  • No HOA
  • Living Room
  • Bike Trail
  • Neighborhood Views
  • Laundry in Carport
  • Wood Fence

About This Home

As of March 2024

Here is your chance to own an income property so close to the beach! With this incredible opportunity you get 2 houses (450 and 452 S. 5th St), each home set up with its own meters, including water, for under 390k each! You’ll love the proximity to the beach while also enjoying accessibility to local downtown shops and restaurants. The front unit is a one bedroom, one bath with recent renovations and also has a one small bonus room. The back unit is a two bedroom, one bath, completely redone. Both units are separate in their layout. The charm of these two bungalows is oozing with potential and at this price, you’ll want to come quick.

Last Agent to Sell the Property

Jeff Landon

Keller Williams Realty Santa Barbara Brokerage Phone: 805-904-3444 License #01915835 Listed on: 02/08/2024

Keller Williams Realty Santa Barbara

Last Buyer's Agent

Hal Sweasey

Equity Union License #01111911

Equity Union
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,000 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Front Yard

Home Design

  • Duplex
  • Entry on the 1st floor
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,202 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Neighborhood Views
  • Gas Cooktop
  • Laundry in Carport

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 129
  • Assessor Parcel Number 060266014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Grover Beach Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Operating Expense $1,000
  • Gross Income $34,800
  • Net Operating Income $33,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

5,000 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Grover Beach (330)
  • View: Yes
  • Zoning: CR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 060266014
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 673.88
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Carport, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 604 Square Feet
  • Average2 Bed Area: 598 Square Feet
  • Gross Income: 34800.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 33800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 1000.00

Tax Info

  • Tax Block: 129
  • Tax Census Tract: 121.02
  • Tax Lot: 7

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
Feb 8, 2024
Closed on
Feb 26, 2024
Sold by
Bought by
Seller's Agent
Jeff Landon
Keller Williams Realty Santa Barbara
Buyer's Agent
Hal Sweasey
Equity Union
List Price
$775,000
Sold Price
$810,000
Premium/Discount to List
$35,000
4.52%
Views
48
Current Estimated Value
$772,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,617
Avg. Annual Appreciation
-1.97%
Original Mortgage
$450,000
Outstanding Balance
$438,025
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$334,358

Purchase Details

Closed on
Dec 12, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2013
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
$177,000
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 15, 2009
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
$192,500
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grover Beach, CA

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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
$810,000 First American Title
-- None Available
-- None Available
-- None Available
$275,000 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 $450,000
Previous Owner $177,000
Previous Owner $192,500
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
03/13/2024 03/13/24 Sold $810,000 +4.5% $674 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $775,000 0.0% $645 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $775,000 -- $645 / 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
2025 $3,976 $826,200 $459,000 $367,200
2024 $3,944 $347,176 $265,121 $82,055
2023 $3,944 $340,370 $259,923 $80,447
2022 $3,883 $333,697 $254,827 $78,870
2021 $3,838 $327,155 $249,831 $77,324
2020 $3,794 $323,802 $247,270 $76,532
2019 $3,763 $317,454 $242,422 $75,032
2018 $3,716 $311,230 $237,669 $73,561
2017 $3,551 $305,128 $233,009 $72,119
2016 $3,310 $299,146 $228,441 $70,705
2015 $3,235 $294,653 $225,010 $69,643
2014 $3,047 $288,882 $220,603 $68,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24027921

California Regional Multiple Listing Service (CRMLS)

APN: 060-266-014

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