NOT LISTED FOR SALE
21 Beds
14 Baths
-- Sq Ft
0.61 Acre Lot

Sale Details

Date Sold: January 28, 2022

Last sale price $2,500,000

62 Days on Market

Highlights

  • 0.61 Acre Lot
  • Tile Flooring
  • Turnkey
  • No HOA
  • Laundry Facilities
  • Level Lot

About This Home

As of January 2022

Central Coast 14 Unit Investment Property located in Guadalupe! Local Family owned property has been nicely maintained for years. The interior and exterior condition of the units are in overall great condition! Long term tenants take pride in their homes, and the owners have maintained and upgraded the property very well. The complex consists of (Two) Studios, (Four) 1 Bedroom Units, (Seven) 2 Bedroom Units and (One) 3 bedroom unit. All Units have 1 Full Bath. There are 21 parking spaces on the property with potential street parking as well. There is also a shared onsite laundry room, but some units do have washer & dryer hook ups. This is a great opportunity to own clean and well taken care of multi units.

Last Agent to Sell the Property

Paul Rodriguez

eXp Realty of California, Inc. License #01416809 Listed on: 10/09/2021

eXp Realty of California, Inc.

Last Buyer's Agent

Austin Podrat

AP and Associates License #01877260

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 26,572 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Apartment
  • Turnkey
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 14 Bathrooms

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • Parking Available
  • Driveway
  • Parking Lot

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 115062011

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 14 Units
  • Guadalupe/Casmalia Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $3,180
  • Maintenance Expense $6,000
  • Other Expense $3,000
  • Professional Management Expense $6,720
  • Trash Expense $6,000
  • Water Sewer Expense $15,600
  • Operating Expense $41,580
  • Gross Income $4,800
  • Net Operating Income $123,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.61 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6720.00
  • Property Attached: Yes
  • Subdivision Name Other: Guadalupe/Casmalia(850)
  • Water Sewer Expenses: 15600.00
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 115062011
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Levels: One

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Parking Space
  • Total Parking Spaces: 21.00
  • Uncovered Spaces: 21.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 26572.00
  • Lot Size Acres: 0.6100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4800.00
  • Gross Operating Income: 34020.00
  • Gross Scheduled Income: 165000.00
  • Insurance Expense: 3180.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 4800.00
  • Lot Size Area: 26572.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 123420.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Number With Disposal: 14
  • Number With Range: 14
  • Operating Expense: 41580.00
  • Other Expense: 3000.00
  • Other Expense Description: 1080
  • Rent Control: No
  • Total Actual Rent: 177000.00
  • Total Expenses: 41580.00

Tax Info

  • Tax Census Tract: 25.02

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
Oct 9, 2021
Closed on
Jan 5, 2022
Sold by
Bought by
Seller's Agent
Paul Rodriguez
eXp Realty of California, Inc.
Buyer's Agent
Austin Podrat
AP and Associates
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,375,970
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2021
Closed on
Dec 1, 2021
Sold by
Bought by
Seller's Agent
Paul Rodriguez
eXp Realty of California, Inc.
Buyer's Agent
Austin Podrat
AP and Associates
List Price
$2,500,000
Sold Price
$2,500,000

Purchase Details

Closed on
Sep 22, 2021
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 2014
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
$850,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2006
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
$2,500,000 Fidelity National Title
-- None Available
-- --
-- Fidelity National Title
-- Fidelity National Title Co
-- None Available
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 $1,500,000
Previous Owner $850,000
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
01/28/2022 01/28/22 Sold $2,500,000 0.0% --
12/10/2021 12/10/21 Pending -- -- --
10/09/2021 10/09/21 For Sale $2,500,000 -- --
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 $6,384 $564,686 $129,992 $434,694
2025 $6,039 $553,615 $127,444 $426,171
2023 $6,039 $532,120 $122,497 $409,623
2022 $5,935 $521,688 $120,096 $401,592
2021 $6,002 $511,460 $117,742 $393,718
2020 $5,938 $506,216 $116,535 $389,681
2019 $5,841 $496,291 $114,250 $382,041
2018 $5,751 $486,560 $112,010 $374,550
2017 $5,647 $477,020 $109,814 $367,206
2016 $5,545 $467,667 $107,661 $360,006
2014 $5,301 $441,000 $94,000 $347,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21224657

California Regional Multiple Listing Service (CRMLS)
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