NOT LISTED FOR SALE

4609 10th St Guadalupe, CA 93434

2 Beds
2 Baths
18,144 Sq Ft
18,870 Sq Ft Lot

Sale Details

Date Sold: November 4, 2022

Last sale price $3,085,000 $170 Per Sq Ft

Highlights

  • 0.43 Acre Lot
  • Neighborhood Views
  • Laundry Room
  • No HOA

About This Home

As of November 2022

Incredible investment opportunity! First time on the market! Very nice multi-unit property consisting of 6 buildings and 21 units. Each unit has 2 bedrooms, 1.5 bathrooms and a laundry room. All 21 units are tenant occupied and rented slightly below market. The driveway has been repaved and a new roof was installed. There is a total of 37 parking spaces, consisting of carports and uncovered spaces. Income producing opportunities like this do not come around often!

Last Agent to Sell the Property

Lindsey Harn

Christie's International Real Estate Sereno License #01868098 Listed on: 11/04/2022

Christie's International Real Estate Sereno

Last Buyer's Agent

Melody Avant

Christie's International Real Estate Sereno License #01403697

Christie's International Real Estate Sereno

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1984

Lot Details

  • Two or More Common Walls
  • Density is 21-25 Units/Acre
  • 115270002,115270003,115270004,115270005,115270006,115270007,115270008,115270009,115270010,115270011,115270012,115270013,115270014,115270015,115270016,115270017,115270018,115270019,115270020,115270021

Home Design

  • Composition Roof

Interior Spaces

  • 18,144 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Carport
  • Parking Available
  • Paved Parking
  • Uncovered Parking

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1-21
  • Assessor Parcel Number 115270001

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 21 Units
  • Guadalupe/Casmalia Subdivision

Building Details

  • 21 Leased Units
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 21 Separate Water Meters
  • Maintenance Expense $1,542
  • Professional Management Expense $20,931
  • Operating Expense $78,067
  • Gross Income $196,850
  • Net Operating Income $118,783

Townhouse Details

Home Type

Townhome

Year Built

Built in 1984

Lot Details

0.43 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 20931.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Guadalupe/Casmalia(850)
  • View: Yes
  • Property Sub Type: Townhouse
  • Property Type: Residential Income
  • Parcel Number: 115270001
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 170.03
  • Room Type: Kitchen

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Paved, Uncovered

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 115270002,115270003,115270004,115270005,115270006,115270007,115270008,115270009,115270010,115270011,115270012,115270013,115270014,115270015,115270016,115270017,115270018,115270019,115270020,115270021
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 18872.00
  • Lot Size Acres: 0.4332

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 898 Square Feet
  • Gross Income: 196850.00
  • Gross Operating Income: 78066.60
  • Gross Scheduled Income: 196850.00
  • Lot Size Area: 18872.0000 Square Feet
  • Maintenance Expense: 1542.00
  • Net Operating Income: 118783.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 21
  • Number Of Units Leased: 21
  • Number Of Units Total: 21
  • Operating Expense: 78066.60
  • Rent Control: No
  • Total Actual Rent: 25725.00
  • Total Expenses: 78066.68

Tax Info

  • Tax Lot: 1-21
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $3,085,000 -5.1% $170 / Sq Ft
11/04/2022 11/04/22 For Sale $3,250,000 -- $179 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,809 $152,834 $36,414 $116,420
2023 $1,809 $146,900 $35,000 $111,900
2022 $740 $62,989 $16,560 $46,429
2021 $723 $61,755 $16,236 $45,519
2020 $723 $61,123 $16,070 $45,053
2019 $716 $59,925 $15,755 $44,170
2018 $728 $58,751 $15,447 $43,304
2017 $717 $57,600 $15,145 $42,455
2016 $655 $56,472 $14,849 $41,623
2015 $712 $55,624 $14,626 $40,998
2014 $724 $54,535 $14,340 $40,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22233522

California Regional Multiple Listing Service (CRMLS)
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