NOT LISTED FOR SALE
4 Beds
3 Baths
2,275 Sq Ft
7,370 Sq Ft Lot

Sale Details

Date Sold: August 17, 2016

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

8 Days on Market

Highlights

  • Laundry Facilities
  • 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

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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

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Cable TV Available

Community Details

  • Laundry Facilities
  • 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

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

Closed on
Aug 30, 2024
Sold by
Bought by

Purchase Details

Closed on
May 27, 2021
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
$424,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2016
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
$441,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 20, 2016
Closed on
Aug 4, 2016
Sold by
Bought by
Seller's Agent
Kirby Gordon
Gordon & Gordon
Buyer's Agent
Kirby Gordon
Gordon & Gordon
List Price
$695,000
Sold Price
$637,500
Premium/Discount to List
-$57,500
-8.27%

Purchase Details

Closed on
Apr 20, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2007
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
$425,000
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2003
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
$292,500
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2002
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
$292,500
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2002
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
$224,000
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2000
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
$204,250
Interest Rate
8.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2000
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
$204,250
Interest Rate
8.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 1995
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
-- First American Title
-- Fidelity National Title
-- Placer Title Company
$637,500 Fidelity National Title Co
-- None Available
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Chicago Title Company
$450,000 Chicago Title Company
-- Chicago Title Co
$280,000 Chicago Title Co
$215,000 Fidelity National Title Co
-- Fidelity National Title Co
-- 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
Previous Owner $424,000
Previous Owner $441,000
Previous Owner $405,000
Previous Owner $425,000
Previous Owner $292,500
Previous Owner $224,000
Previous Owner $17,350
Previous Owner $204,250
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
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

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 $8,532 $754,664 $355,136 $399,528
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

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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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