NOT LISTED FOR SALE

538 N 16th St Grover Beach, CA 93433

4 Beds
3 Baths
2,275 Sq Ft
7,405 Sq Ft Lot

Last Sold August 17, 2016

Last sale price $637,500 $280 Per Sq Ft

8 Days on Market

Highlights

  • Laundry Room
  • Arroyo Grande High School Rated A-
  • Paved or Partially Paved Lot

About This Home

As of August 2016

Marketing Remarks: One of the best rental locations in the South County near the top of 16th Street near the border of Grover Beach and Arroyo Grande. Three separate one story rental cottages, one with a garage. Rents are low.

Last Agent to Sell the Property

Kirby Gordon

Gordon & Gordon License #00481105 Listed on: 07/20/2016

Last Buyer's Agent

Kirby Gordon

Gordon & Gordon License #00481105 Listed on: 07/20/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,370 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 2,275 Sq Ft Home
  • Slab Foundation
  • Shingle Roof

Parking

  • Parking Available
  • On-Street Parking

Utilities

  • Wall Furnace
  • Cable TV Available

Additional Features

  • Laundry Room
  • Exterior Lighting

Community Details

  • Net Operating Income $31,800

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 060123028

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

7,370 Sq Ft Lot

Listing Details

  • CapRate: 4.60
  • Subdivision Name Other: North Grover Beach(350)
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 060123028
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 280.22

Exterior Features

  • Foundation: Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Street

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 7370.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 14.85
  • Net Operating Income: 31800.00
  • Operating Expense: 15000.00
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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
08/17/2016 08/17/16 Sold $637,500 -8.3% $280 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $695,000 -- $305 / Sq Ft
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 $8,306 $739,868 $348,173 $391,695
2024 $8,241 $725,362 $341,347 $384,015
2023 $8,241 $711,140 $334,654 $376,486
2022 $8,114 $697,197 $328,093 $369,104
2021 $8,018 $683,527 $321,660 $361,867
2020 $7,927 $676,519 $318,362 $358,157
2019 $7,863 $663,255 $312,120 $351,135
2018 $7,765 $650,250 $306,000 $344,250
2017 $7,420 $637,500 $300,000 $337,500
2016 $6,091 $550,549 $220,219 $330,330
2015 $5,953 $450,000 $190,000 $260,000
2014 $4,747 $405,000 $160,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI1069293

California Regional Multiple Listing Service (CRMLS)

APN: 060-123-028

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