NOT LISTED FOR SALE

675 Longbranch Ave Grover Beach, CA 93433

Estimated Value: $1,445,000 - $3,011,392

2 Beds
2 Baths
3,926 Sq Ft
$492/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $832,500 $212 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $11,536/month

52 Days on Market

About This Home

As of August 2017

Investment opportunity near the beach! 4-Plex located in Grover Beach, covered parking, low maintenance concrete driveway. Individual back yards. One 2 bedroom 1.75 bath, 3 townhouse units with 2 bedrooms, 1.5 baths, long term tenants. Close to shopping, transportation and schools.

Last Agent to Sell the Property

Joann Outland

Outland and Associates Real Estate License #00646902 Listed on: 05/09/2017

Outland and Associates Real Estate

Last Buyer's Agent

Cheryl Priolo

Richardson Sotheby's International Realty License #00829452

Richardson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,965

Year Built

  • Built in 1975

Lot Details

  • 6,850 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 3,926 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 060193018

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • New Taxes Expense $11,187
  • Net Operating Income $6,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,965

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: 805-441-5574
  • Property Attached: Yes
  • Subdivision Name Other: Grover Beach (330)
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 060193018
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 212.05

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6850.00

Multi Family

  • Average2 Bed Area: 981 Square Feet
  • Gross Scheduled Income: 57600.00
  • Net Operating Income: 6500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 4800.00

Tax Info

  • New Taxes Expense: 11187.00
  • Tax Census Tract: 121.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2021
Sold by
Bruington Robert K and Bruington Betty E
Bought by
Cashin James A and Cashin Felicia M
Current Estimated Value
$1,932,598

Purchase Details

Listed on
May 9, 2017
Closed on
Aug 3, 2017
Sold by
Wood Robert R and Clair Carolyn E
Bought by
Bruington Robert K and Bruington Betty E
Seller's Agent
Joann Outland
Outland and Associates Real Estate
Buyer's Agent
Cheryl Priolo
Richardson Sotheby's International Realty
List Price
$895,000
Sold Price
$832,500
Premium/Discount to List
-$62,500
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$582,750
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 26, 2006
Sold by
Wood Elaine C
Bought by
Wood Elaine C and Elaine C Wood Revocable Trust

Purchase Details

Closed on
Dec 25, 2006
Sold by
Wood Elaine C and Roy Albert Wood
Bought by
Wood Elaine C

Purchase Details

Closed on
Jun 23, 2003
Sold by
Wood Roy Albert and Wood Elaine C
Bought by
Wood Roy Albert and Wood Elaine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 1998
Sold by
Gingg Loretta J and Loretta J Gingg Trust
Bought by
Wood Roy Albert and Wood Elaine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.06%
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
Cashin James A $2,680,000 First American Title Company
Bruington Robert K $832,500 Placer Title Company
Wood Elaine C -- None Available
Wood Elaine C -- None Available
Wood Roy Albert -- First American Title Company
Wood Roy Albert -- First American Title Company
Wood Roy Albert $257,000 First American Title
Gingg Loretta J -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bruington Robert K $582,750
Previous Owner Wood Roy Albert $129,000
Previous Owner Wood Roy Albert $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $832,500 -7.0% $212 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $895,000 -- $228 / 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
2025 $15,965 $1,422,018 $530,604 $891,414
2024 $15,840 $1,394,136 $520,200 $873,936
2023 $15,840 $1,366,800 $510,000 $856,800
2022 $15,594 $1,340,000 $500,000 $840,000
2021 $10,265 $875,105 $367,912 $507,193
2020 $10,149 $866,133 $364,140 $501,993
2019 $10,067 $849,150 $357,000 $492,150
2018 $9,941 $832,500 $350,000 $482,500
2017 $4,115 $353,559 $110,051 $243,508
2016 $3,835 $346,628 $107,894 $238,734
2015 $3,748 $341,422 $106,274 $235,148
2014 $3,531 $334,735 $104,193 $230,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI17102372

California Regional Multiple Listing Service (CRMLS)

APN: 060-193-018