NOT LISTED FOR SALE

5750 Traffic Way Atascadero, CA 93422

Estimated Value: $1,072,135

8 Beds
3 Baths
3,078 Sq Ft
$348/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $950,000 $309 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,080/month

151 Days on Market

Highlights

  • Property is near a park
  • Laundry Room
  • 3-minute walk to Mid State Scare / the Haunt
  • No HOA
  • Gentle Sloping Lot

About This Home

As of September 2021

Rare 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

Jeff Landon

Keller Williams Realty Central Coast License #01915835 Listed on: 02/24/2021

Keller Williams Realty Central Coast

Last Buyer's Agent

Jean Ponek

Ponek Real Estate Group License #01384713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,291

Year Built

  • Built in 1963

Lot Details

  • 0.54 Acre 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 a 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,291

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: ATNortheast(10)
  • Zoning: MF20
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 029252005
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 308.64

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Park Nearby
  • Lot Size Sq Ft: 23335.00
  • Lot Size Acres: 0.5357

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 56700.00
  • Gross Operating Income: 56700.00
  • Gross Scheduled Income: 56700.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 23335.0000 Square Feet
  • Net Operating Income: 48865.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 5000.00
  • Rent Control: No
  • Total Expenses: 17144.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12144.00
  • Tax Block: LA
  • Tax Census Tract: 125.02
  • Tax Lot: 3

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
$1,072,135

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 Central Coast
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
3.18%

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
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
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 Stafford Mitch $490,000
Previous Owner Moyer Karl E $487,500
Previous Owner Blount George A $101,400
Previous Owner Blount George A $217,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $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

    Seller's Agent in 2021

    Jeff Landon

    Keller Williams Realty Central Coast

    (805) 904-3444

    115 Total Sales

    Jeff Landon
    Section Image
  • Jean Ponek

    Buyer's Agent in 2021

    Jean Ponek

    Ponek Real Estate Group

    (805) 466-4183

    63 Total Sales

    Jean Ponek
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI21038889

California Regional Multiple Listing Service (CRMLS)

APN: 029-252-005

California San Luis Obispo County Atascadero 93422

5750 Traffic Way, Atascadero, CA

This home is located at 5750 Traffic Way, Atascadero, CA 93422 since 24 February 2021 and is currently estimated at $1,072,135, approximately $348 per square foot. This property was built in 1963. 5750 Traffic Way 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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