NOT LISTED FOR SALE

5455 El Camino Real Atascadero, CA 93422

Estimated Value: $2,107,607

10 Beds
10 Baths
5,459 Sq Ft
$386/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $1,900,000 $348 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $14,130/month

43 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Attic
  • Fishing
  • Property is near public transit
  • 5-minute walk to Mid State Scare / the Haunt

About This Home

As of December 2021

*This property is currently not priced. The $1,699,000 would be the minimum offering price* First time ever on the market, 5435-5465 is a major value add opportunity. 16-unit total multifamily/mixed-use complex with opportunity for stabilized rent growth in a rapidly increasingly up-and-coming area. The property offers 5459 +/- square feet of space on slightly under a 1/2 acre lot with ample parking for tenants and customers. This 100% occupied desirable mix of 11 studios, 1 three bedroom two bathroom unit, and 4 commercial units is located within minutes of downtown Atascadero's best restaurants and entertainment options. Don't miss out on this great investment property with all month-to-month tenants.

Last Agent to Sell the Property

Abel Contreras

Invest SLO License #02062620 Listed on: 09/30/2021

Last Buyer's Agent

Benjamin Tilbury

Keller Williams Realty Central Coast License #02026424

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,592

Year Built

  • Built in 1946

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Partially Fenced Property
  • Wood Fence
  • Chain Link Fence
  • Corner Lot
  • Paved or Partially Paved Lot
  • Drip System Landscaping
  • Value in Land

Home Design

  • Property Attached
  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Spanish Tile Roof
  • Composition Roof
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,459 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Double Pane Windows
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Formica Countertops
  • Instant Hot Water

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 15 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Accessible Home Design

  • Grab Bar In Bathroom
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits
  • Low Pile Carpeting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • Legal Lot and Block 1 / RA
  • Assessor Parcel Number 029312027

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 16 Units
  • Community Lake

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 15 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $9,103
  • Fuel Expense $2,900
  • Insurance Expense $4,824
  • Professional Management Expense $7,026
  • Trash Expense $2,633
  • Water Sewer Expense $3,436
  • Operating Expense $43,166
  • Gross Income $140,520
  • Net Operating Income $87,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,592

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Price Per Unit: 106188
  • Professional Management Expense: 7026.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Downtown
  • View: No
  • Water Sewer Expenses: 3436.00
  • Zoning: CR
  • Property Type: Residential Income
  • Parcel Number: 029312027
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, Grab Bars In Bathroom(s), Low Pile Carpeting
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 348.05
  • Room Type: Attic, Kitchen, Living Room
  • Window Features: Double Pane Windows, Screens, Skylight(s), Wood Frames

Exterior Features

  • Foundation: Concrete Perimeter, Raised, Slab
  • Fence: Yes
  • Fencing: Chain Link, Partial, Wood
  • Pool Private: No
  • Roof: Asphalt, Composition, Flat, Shingle, Spanish Tile
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Paved, On Site
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range, Gas Range, Gas Water Heater, Instant Hot Water, Microwave, Refrigerator, Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Electric, Forced Air, Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 2633.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Park, Rural, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Near Public Transit, Paved, Sprinklers Drip System, Utilities - Overhead, Value In Land
  • Lot Size Sq Ft: 19999.00
  • Lot Size Acres: 0.4591

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Average3 Bed Area: 1370 Square Feet
  • Average Studio Area: 230 Square Feet
  • Electric Expense: 9103.00
  • Fuel Expense: 2900.00
  • Gross Income: 140520.00
  • Gross Scheduled Income: 140520.00
  • Insurance Expense: 4824.00
  • Investment Property: Yes
  • Lot Size Area: 19999.0000 Square Feet
  • Net Operating Income: 87518.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 16
  • Operating Expense: 43166.00
  • Rent Control: No
  • Total Actual Rent: 11710.00
  • Total Expenses: 43166.00

Tax Info

  • Tax Block: RA
  • Tax Census Tract: 125.05
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Dec 9, 2021
Sold by
Weber John W and Weber Debra L
Bought by
Downtown Atascadero Llc
Seller's Agent
Abel Contreras
Invest SLO
Buyer's Agent
Benjamin Tilbury
Keller Williams Realty Central Coast
List Price
$1,699,000
Sold Price
$1,900,000
Premium/Discount to List
$201,000
11.83%
Total Days on Market
43
Current Estimated Value
$2,107,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,607
Avg. Annual Appreciation
3.26%
Original Mortgage
$1,891,250
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2014
Sold by
Weber John and Trust A Of The Carl & Fran Web
Bought by
The John & Debra Weber Family Trust

Purchase Details

Closed on
Sep 28, 2010
Sold by
Weber Carl and The Carl & Fran Weber Trust
Bought by
Weber Carl and The Carl & Fran Weber Trust

Purchase Details

Closed on
Apr 20, 2006
Sold by
Weber Carl and Weber Fran
Bought by
Weber Carl and Weber Frances H

Purchase Details

Closed on
Jun 12, 1995
Sold by
Weber Carl and Weber Frances H
Bought by
Weber Carl and Weber Frances H
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
Downtown Atascadero Llc $1,900,000 Fidelity National Title
The John & Debra Weber Family Trust -- None Available
Weber Carl -- None Available
Weber Carl -- None Available
Weber Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downtown Atascadero Llc $1,637,712
Closed Downtown Atascadero Llc $1,891,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $1,900,000 +11.8% $348 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $1,699,000 -- $311 / 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 $27,592 $1,976,760 $520,200 $1,456,560
2023 $27,592 $1,938,000 $510,000 $1,428,000
2022 $26,421 $1,900,000 $500,000 $1,400,000
2021 $10,155 $541,075 $243,482 $297,593
2020 $9,457 $535,528 $240,986 $294,542
2019 $8,756 $525,028 $236,261 $288,767
2018 $8,237 $514,734 $231,629 $283,105
2017 $8,122 $504,642 $227,088 $277,554
2016 $8,009 $494,748 $222,636 $272,112
2015 $7,923 $487,317 $219,292 $268,025
2014 $7,441 $477,772 $214,997 $262,775
Source: Public Records

Agents Affiliated with this Home

  • Abel Contreras

    Seller's Agent in 2021

    Abel Contreras

    Invest SLO

    (805) 295-2719

    215 Total Sales

    Abel Contreras
    Section Image
  • Benjamin Tilbury

    Buyer's Agent in 2021

    Benjamin Tilbury

    Keller Williams Realty Central Coast

    (805) 773-7777

    68 Total Sales

    Benjamin Tilbury
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21217280

California Regional Multiple Listing Service (CRMLS)

APN: 029-312-027

California San Luis Obispo County Atascadero 93422

5455 El Camino Real, Atascadero, CA

This home is located at 5455 El Camino Real, Atascadero, CA 93422 since 30 September 2021 and is currently estimated at $2,107,607, approximately $386 per square foot. This property was built in 1946. 5455 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.

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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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