NOT LISTED FOR SALE

5405 Olmeda Ave Atascadero, CA 93422

Estimated Value: $571,000 - $717,300

9 Beds
11 Baths
5,844 Sq Ft
$110/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $570,000 $98 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,003/month

165 Days on Market

Highlights

  • Private Yard
  • Circular Driveway
  • Laundry Room
  • No HOA

About This Home

As of August 2023

Welcome to this stunning four-unit property for sale in the charming city of Atascadero! Situated in a desirable location, this compound presents a wonderful opportunity for investors and owner-occupiers alike. Each unit has its own address and APN. 5405 Olmeda is a gorgeous and historic 1918 build. 3 bedrooms, and 3 bath full of light and character! Hiding underneath the existing carpet, you will find the original narrow plank wood flooring; waiting for you to bring some of that history back to life! 5401 #A Olmeda, and 5401 #B Olmeda are both welcoming 2 bedrooms, 2 1/4 bath condos. 5403 Olmeda is a 2 bedroom, 2 bathroom home with large 2 car garage, private side yard space and deck. There is ample off-street parking available for tenants, providing added convenience and peace of mind. Shaded by remarkable big Oak trees, this 20,219 +/- square foot lot is ideally located close to downtown and all that that Atascadero has to offer. Don't miss out on this incredible opportunity to own a piece of the Central Coast! Listing ID#'s PI23027447,PI23027327, PI23027467 are to all be included in this sale.

Last Agent to Sell the Property

Jay Bond

eXp Realty of California, Inc. License #01823529 Listed on: 02/16/2023

eXp Realty of California, Inc.

Co-Listed By

Lucas Dudley

RE/MAX Success License #02097080

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1918

Lot Details

  • 0.46 Acre Lot
  • Private Yard
  • Density is 2-5 Units/Acre
  • 029292042, 029292038, 0292292039, 029292040

Home Design

  • 5,844 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Parking

  • Circular Driveway
  • On-Street Parking

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Suburban Location
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 029292041

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Atnortheast Subdivision

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1918

Lot Details

0.46 Acres

Listing Details

  • Property Attached: No
  • Subdivision Name Other: ATNortheast(10)
  • Water Sewer Expenses: 2887.00
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 029292041
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 97.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Circular Driveway, Driveway, Street

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Private Sewer
  • Trash Expense: 4560.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 029292042, 029292038, 0292292039, 029292040
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Yard
  • Lot Size Sq Ft: 20219.00
  • Lot Size Acres: 0.4642

Multi Family

  • Gross Income: 43800.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 350.00
  • Lot Size Area: 20219.0000 Square Feet
  • Net Operating Income: 36003.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 7797.00
  • Rent Control: No
  • Total Expenses: 7797.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Aug 25, 2023
Sold by
Pearson Mary E
Bought by
Ehrke Scott and Scott And Brian Inc
Seller's Agent
Jay Bond
eXp Realty of California, Inc.
Buyer's Agent
NONE NONE
None MRML
List Price
$1,400,000
Sold Price
$570,000
Premium/Discount to List
-$830,000
-59.29%
Views
16
Current Estimated Value
$641,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,325
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Dec 1, 1995
Sold by
Payne Mary C and Payne Darrell E
Bought by
Pearson Kirk and Pearson Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.42%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ehrke Scott $945,000 First American Title
Pearson Kirk $80,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pearson Kirk $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $570,000 0.0% $98 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
02/23/2023 02/23/23 Off Market $570,000 -- --
02/23/2023 02/23/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $1,400,000 -- $240 / 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 $6,914 $596,190 $178,500 $417,690
2024 $2,335 $570,000 $175,000 $395,000
2023 $2,335 $154,965 $16,874 $138,091
2022 $2,222 $151,928 $16,544 $135,384
2021 $2,110 $148,950 $16,220 $132,730
2020 $2,027 $147,424 $16,054 $131,370
2019 $1,935 $144,535 $15,740 $128,795
2018 $1,861 $141,702 $15,432 $126,270
2017 $1,830 $138,925 $15,130 $123,795
2016 $1,799 $136,202 $14,834 $121,368
2015 $1,775 $134,157 $14,612 $119,545
2014 $1,642 $131,530 $14,326 $117,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23027085

California Regional Multiple Listing Service (CRMLS)

APN: 029-292-041

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