NOT LISTED FOR SALE

5165 El Camino Real Atascadero, CA 93422

Estimated Value: $943,291 - $1,124,000

7 Beds
6 Baths
2,832 Sq Ft
$357/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $835,000 $295 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,355/month

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Outdoor Storage
  • Ceramic Countertops
  • Garden
  • Wood Fence

About This Home

As of September 2021

Looking for an investment property in Atascadero? This is it. A low-maintenance, 6 unit apartment building that is fully rented! 6 total units with 7 total bedrooms and 2 garages for rent. This can be a great source of income for investors. The zoning may change in a few years to allow higher density units (check with the City of Atascadero.) The Gross scheduled income is $54,407.00.

Last Agent to Sell the Property

Abel Contreras

Invest SLO License #02062620 Listed on: 07/19/2021

Last Buyer's Agent

Max Zappas

Max Zappas, Broker License #01997012

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,818

Year Built

  • Built in 1924

Lot Details

  • 0.35 Acre Lot
  • Property fronts a highway
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Garden

Home Design

  • Flat Roof Shape
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Cellulose Insulation
  • Composition Roof
  • Partial Copper Plumbing
  • HardiePlank Type
  • Plaster
  • Stucco

Interior Spaces

  • 2,832 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas and Electric Range
  • Ceramic Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Doors are 32 inches wide or more
  • Outdoor Storage

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 029302049

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 6 Units
  • Atnorthwest Subdivision

Building Details

  • 7 Leased Units
  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • 5 Separate Water Meters
  • Gardener Expense $1,685
  • Insurance Expense $2,543
  • Maintenance Expense $3,840
  • Professional Management Expense $4,323
  • Supplies Expense $152
  • Operating Expense $18,480
  • Gross Income $54,407
  • Net Operating Income $35,927

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,818

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 4.30
  • Other Phone Description: Abel Contreras
  • Other Phone Number: 8057097143
  • Price Per Unit: 139166
  • Professional Management Expense: 4323.00
  • Property Attached: No
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Subdivision Name Other: ATNorthwest(20)
  • Supplies Expense: 152.00
  • Zoning: CR
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1685.00
  • Parcel Number: 029302049
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Interior Amenities: Ceramic Counters, Copper Plumbing Partial, Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 294.84
  • Room Type: All Bedrooms Down, Kitchen

Exterior Features

  • Foundation: Combination, Raised, Slab
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition, Flat
  • Construction Materials: Cellulose Insulation, Drywall Walls, Hardiplank Type, Plaster, Stucco

Garage/Parking

  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Electric Cooktop, Electric Water Heater, Gas & Electric Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Level with Street
  • Lot Size Sq Ft: 15190.00
  • Lot Size Acres: 0.3487

Multi Family

  • Gross Income: 54407.00
  • Gross Operating Income: 54407.00
  • Gross Scheduled Income: 54407.00
  • Insurance Expense: 2543.00
  • Lot Size Area: 15190.0000 Square Feet
  • Maintenance Expense: 3840.00
  • Net Operating Income: 35927.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 7
  • Number Of Units Total: 6
  • Operating Expense: 18480.00
  • Rent Control: No
  • Total Expenses: 18480.00

Tax Info

  • Tax Census Tract: 125.05
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Aug 1, 2021
Sold by
Omalley Thomas P and Omalley Peggy J
Bought by
Zsm Re Llc
Seller's Agent
Abel Contreras
Invest SLO
Buyer's Agent
Max Zappas
Max Zappas, Broker
List Price
$835,000
Sold Price
$835,000
Total Days on Market
9
Current Estimated Value
$1,011,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,823
Avg. Annual Appreciation
4.79%

Purchase Details

Closed on
Jun 6, 2001
Sold by
Greenaway Scott M and Greenaway Susan W
Bought by
Greenaway Susan W and Greenaway Scott M
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zsm Re Llc $835,000 Fidelity National Title
Greenaway Susan W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zsm Re Llc $25,000
Previous Owner Malley Thomas P O $231,000
Previous Owner Omalley Thomas P $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $835,000 0.0% $295 / Sq Ft
08/25/2021 08/25/21 For Sale $835,000 0.0% $295 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $835,000 -- $295 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $11,818 $868,734 $244,494 $624,240
2023 $11,818 $851,700 $239,700 $612,000
2022 $11,353 $835,000 $235,000 $600,000
2021 $4,627 $251,876 $138,840 $113,036
2020 $4,133 $249,294 $137,417 $111,877
2019 $3,854 $244,407 $134,723 $109,684
2018 $3,645 $239,616 $132,082 $107,534
2017 $3,591 $234,919 $129,493 $105,426
2016 $3,538 $230,313 $126,954 $103,359
2015 $3,498 $226,855 $125,048 $101,807
2014 $3,274 $222,412 $122,599 $99,813
Source: Public Records

Agents Affiliated with this Home

  • Abel Contreras

    Seller's Agent in 2021

    Abel Contreras

    Invest SLO

    (805) 295-2719

    214 Total Sales

    Abel Contreras
    Section Image
  • Max Zappas

    Buyer's Agent in 2021

    Max Zappas

    Max Zappas, Broker

    (805) 674-4743

    8 Total Sales

    Max Zappas
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21156961

California Regional Multiple Listing Service (CRMLS)

APN: 029-302-049

California San Luis Obispo County Atascadero 93422

5165 El Camino Real, Atascadero, CA

This home is located at 5165 El Camino Real, Atascadero, CA 93422 since 19 July 2021 and is currently estimated at $1,011,823, approximately $357 per square foot. This property was built in 1924. 5165 El Camino Real is a home located in San Luis Obispo County with nearby schools including San Benito Elementary School, Atascadero Middle School, and Atascadero High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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