Seller's Agent in 2021
Jeff Landon
Keller Williams Realty Santa Barbara
(805) 904-3444
15 in this area
111 Total Sales
5750 Traffic Way Atascadero, CA 93422
Estimated Value: $1,097,078
8
Beds
3
Baths
3,078
Sq Ft
$356/Sq Ft
Est. Value
Highlights
- Property is near park
- Laundry Room
- 3-minute walk to Mid State Scare / the Haunt
- No HOA
- Gentle Sloping Lot
About This Home
As of September 2021Rare opportunity to purchase a property that can immediately generate cash flow with the added potential bonus of future multifamily expansion. Over a half-acre of land that is zoned MF20 this property may be improved with up to a 10-unit multifamily development. The modern medical office building and a charming home located on the property both generate rental income. The two office spaces are each approxamently 1,200 SF and share a common waiting room and outdoor break area. The property has plenty of off-street parking to accommodate patients and guest. Between the potential cash flow and further development this is an opportunity you don't want to miss.
Last Agent to Sell the Property
Keller Williams Realty Santa Barbara License #01915835 Listed on: 02/24/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 23,335 Sq Ft Lot
- No Common Walls
- Gentle Sloping Lot
Home Design
- 3,078 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Additional Features
- Laundry Room
- Property is near park
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 3 / LA
- Assessor Parcel Number 029252005
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Atnortheast Subdivision
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- New Taxes Expense $12,144
- Operating Expense $17,144
- Gross Income $56,700
- Net Operating Income $48,865
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 13, 2024
Sold by
Stafford Mitch and Stafford Alyx
Bought by
2024 Mitchell F Stafford And Alyx A Truax Rev and Stafford
Current Estimated Value
Purchase Details
Listed on
Feb 24, 2021
Closed on
Aug 9, 2021
Sold by
Lapidus Ivan L and Dds Profit Sharing Plan And Tr
Bought by
Stafford Mitch and Truax Alyx
Seller's Agent
Jeff Landon
Keller Williams Realty Santa Barbara
Buyer's Agent
Jean Ponek
Ponek Real Estate Group
List Price
$1,059,000
Sold Price
$950,000
Premium/Discount to List
-$109,000
-10.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Purchase Details
Closed on
Oct 23, 2017
Sold by
5750 Traffic Way Llc
Bought by
Ivan L Lapidus Dds Profit Sharing Plan &
Purchase Details
Closed on
Apr 3, 2009
Sold by
Moyer Patricia Mary and Moyer Family Trust
Bought by
5750 Traffic Way Llc
Purchase Details
Closed on
Dec 31, 2007
Sold by
Moyer Karl E and Moyer Patricia M
Bought by
Moyer Karl Eugene and Moyer Patricia Mary
Purchase Details
Closed on
Jan 21, 2005
Sold by
Blount George A and Blount Marcia J
Bought by
Moyer Karl E and Moyer Patricia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.53%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 30, 1997
Sold by
Blount George A and Blount Marcia J
Bought by
Blount George A and Blount Marcia J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
7.54%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2024 Mitchell F Stafford And Alyx A Truax Rev | -- | None Listed On Document | |
| Stafford Mitch | $950,000 | First American Title Company | |
| Ivan L Lapidus Dds Profit Sharing Plan & | -- | None Available | |
| 5750 Traffic Way Llc | -- | First American Title Company | |
| Moyer Karl Eugene | -- | None Available | |
| Moyer Karl E | $649,000 | Fidelity Title Company | |
| Blount George A | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Moyer Karl E | $487,500 | |
| Previous Owner | Blount George A | $217,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2021 09/09/21 | Sold | $950,000 | -4.9% | $309 / Sq Ft |
| 07/25/2021 07/25/21 | Pending | -- | -- | -- |
| 06/16/2021 06/16/21 | Price Changed | $999,000 | -5.7% | $325 / Sq Ft |
| 02/24/2021 02/24/21 | For Sale | $1,059,000 | -- | $344 / 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 | $13,296 | $1,008,147 | $530,604 | $477,543 |
| 2024 | $13,291 | $988,380 | $520,200 | $468,180 |
| 2023 | $13,291 | $969,000 | $510,000 | $459,000 |
| 2022 | $12,787 | $950,000 | $500,000 | $450,000 |
| 2021 | $10,411 | $761,393 | $505,614 | $255,779 |
| 2020 | $9,631 | $753,587 | $500,430 | $253,157 |
| 2019 | $9,284 | $738,812 | $490,618 | $248,194 |
| 2018 | $8,995 | $724,327 | $480,999 | $243,328 |
| 2017 | $8,833 | $710,125 | $471,568 | $238,557 |
| 2016 | $8,674 | $696,202 | $462,322 | $233,880 |
| 2015 | $8,553 | $685,745 | $455,378 | $230,367 |
| 2014 | $8,435 | $725,000 | $75,000 | $650,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Landon
-
Jean Ponek
Buyer's Agent in 2021
Jean Ponek
Ponek Real Estate Group
(805) 466-4183
22 in this area
50 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI21038889
APN: 029-252-005
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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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