NOT LISTED FOR SALE

560 12th St San Miguel, CA 93451

San Miguel Neighborhood
-- Bed
-- Bath
-- Sq Ft
1.41 Acres

Last Sold April 28, 2015

Last sale price $1,000,000

234 Days on Market

Highlights

  • 1.41 Acre Lot
  • Paso Robles High School Rated A-
  • Laundry Room

About This Home

As of April 2015

Marketing Remarks: Brokers/Agents: Please see Confidential Remarks. 11 Apartments & 22 Mobile Home Spaces on a 1.4 Acre parcel. 7.8 GRM TODAY! Assumable 1st T.D. with 34% down. Cash flow today with only 52% occupancy. 20% cash return on full occupancy. Leased Up CAP is 15% after cash infusion. Professional property management in place. San Miguel has a severe shortage of rental units. San Miguel is 7 minutes north of Paso Robles with a population of approximately 2,400 with a medial household income of $45,000. The median home value in San Miguel is $276,100. A brand new housing development is a few blocks away from the subject property with prices starting around $300,000.

Last Agent to Sell the Property

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 01/11/2015

Last Buyer's Agent

Guy Torelli

Torelli Investment Realty License #00666517 Listed on: 01/11/2015

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.41

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Parking

  • Parking Available
  • On-Site Parking

Additional Features

  • Laundry Room
  • 1.41 Acre Lot
  • Heating System Uses Propane

Community Details

  • 33 Units
  • Laundry Facilities
  • Net Operating Income $84,524

Listing and Financial Details

  • Assessor Parcel Number 021291012

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • CapRate: 8.20
  • Subdivision Name Other: PR San Miguel-Town(200)
  • Property Type: Residential Income
  • Parcel Number: 021291012
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One

Exterior Features

  • Foundation: Raised, Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Laundry: Yes
  • Heating Type: Propane
  • Laundry Features: Community

Lot Info

  • Lot Size Sq Ft: 61420.00
  • Lot Size Acres: 1.4100

Multi Family

  • Gross Multiplier: 7.30
  • Lot Size Area: 1.4100 Acres
  • Net Operating Income: 84524.00
  • Number Of Units Total: 33
  • Operating Expense: 55000.00

Range of Values:

Collateral Analytics

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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

Property History

Date Event Price Change Sq Ft Price
04/28/2015 04/28/15 Sold $1,000,000 -23.1% --
04/01/2015 04/01/15 Pending -- -- --
08/10/2014 08/10/14 For Sale $1,300,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Guy Torelli

    Torelli Investment Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1046916

California Regional Multiple Listing Service (CRMLS)

California San Luis Obispo County San Miguel 93451 San Miguel

560 12th St, San Miguel, CA

This home is located at 560 12th St, San Miguel, CA 93451 since 11 January 2015. 560 12th St is a home located in San Luis Obispo County with nearby schools including Paso Robles 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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