NOT LISTED FOR SALE

702 S 13th St Grover Beach, CA 93433

Estimated Value: $802,610

4 Beds
1 Bath
3,250 Sq Ft
$247/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $825,000 $254 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,629/month

30 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 2 Attached Carport Spaces
  • Arroyo Grande High School Rated A-
  • Neighborhood Views

About This Home

As of April 2024

High profile corner location for this Grover Beach mixed use building. Two 2 bedroom units and two commercial units. Fully occupied with excellent long term tenants. Three of the four units are dowmstairs. The upstairs apartment has large decking and can be accessed through the front or rear of the building. Small backyard area is located behind the carport. Concrete block construction should provide for a low maintenance investment. Perfect opportunity for a live/work situation. Great South Grover Beach location close to the beach, shopping and Central Coast locations.

Last Agent to Sell the Property

John Cole

Richardson Sotheby's International Realty Brokerage Email: john@allanrealestate.com License #01939498 Listed on: 02/01/2024

Co-Listed By

Dennis Allan

Allan Real Estate Investments Brokerage Email: john@allanrealestate.com License #00961923

Last Buyer's Agent

Ellie Washington

Compass License #02079797

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,486

Year Built

  • Built in 1978

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Entry on the 2nd floor
  • Slab Foundation

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Bathroom

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 1 / 155
  • Assessor Parcel Number 060345015

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Grover Beach Subdivision

Building Details

  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $3,500
  • Trash Expense $2,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,900
  • Operating Expense $22,155
  • Gross Income $63,300
  • Net Operating Income $41,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,486

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.50
  • Price Per Unit: 212500
  • Property Attached: No
  • Subdivision Name Other: Grover Beach (330)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: CN
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 060345015
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 253.85

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300
  • Latitude Manual: 35.11489900

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 63300.00
  • Gross Scheduled Income: 63300.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 41115.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22155.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Expenses: 22155.00

Tax Info

  • New Taxes Expense: 9900.00
  • Tax Block: 155
  • Tax Census Tract: 120.01
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 24, 2024
Sold by
Deborah Anne De Lambert Revocable Trust and White William J
Bought by
Thien Hwee Ng And Sylvia Ng Family Trust and Ng
Seller's Agent
John Cole
Richardson Sotheby's International Realty
Buyer's Agent
Ellie Washington
Compass
List Price
$900,000
Sold Price
$825,000
Premium/Discount to List
-$75,000
-8.33%
Views
78
Current Estimated Value
$802,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,390
Avg. Annual Appreciation
-1.78%

Purchase Details

Closed on
Dec 27, 2023
Sold by
Visher-De Lambert Trust
Bought by
Deborah Anne De Lambert Revocable Trust and De Lambert

Purchase Details

Closed on
Mar 9, 2021
Sold by
Delambert Deborah
Bought by
Delambert Deborah Anne and Visher De Lambert Living Trust

Purchase Details

Closed on
Oct 29, 2020
Sold by
Diana White
Bought by
White William J and Wh Diana

Purchase Details

Closed on
Sep 17, 2020
Sold by
Erik Delambert
Bought by
De Lambert Family Revocable Tr

Purchase Details

Closed on
Aug 26, 2020
Sold by
Erik Delambert
Bought by
De Lambert Family Revocable Tr

Purchase Details

Closed on
Mar 15, 2019
Sold by
Delambert Forrest De and De Lambert Family Trust
Bought by
Delambert Deborah and White Diana

Purchase Details

Closed on
Dec 28, 2010
Sold by
Delambert Erik
Bought by
The De Lambert Family Trust

Purchase Details

Closed on
Jan 23, 2010
Sold by
Delambert Forrest
Bought by
Delambert Erik

Purchase Details

Closed on
Apr 19, 2000
Sold by
Trofe Risk Chris
Bought by
Delambert Erik and Forrest Delambert L

Purchase Details

Closed on
Feb 22, 1996
Sold by
Fellows Charles E and Fellows Linda L
Bought by
Risk Allan M and Trofe Risk Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,836
Interest Rate
6.98%
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
Thien Hwee Ng And Sylvia Ng Family Trust $825,000 First American Title
Deborah Anne De Lambert Revocable Trust -- None Listed On Document
Delambert Deborah Anne -- None Available
White William J -- Ogorman & Ogorman Llp
De Lambert Family Revocable Tr -- --
De Lambert Family Revocable Tr -- --
Delambert Deborah -- None Available
The De Lambert Family Trust -- None Available
Delambert Erik -- None Available
Delambert Erik $260,000 Fidelity National Title Co
Risk Allan M $149,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Risk Allan M $62,836
Closed Risk Allan M $46,663
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2024 04/01/24 Sold $825,000 -2.9% $254 / Sq Ft
03/02/2024 03/02/24 Pending -- -- --
02/20/2024 02/20/24 Price Changed $850,000 -5.6% $262 / Sq Ft
02/01/2024 02/01/24 For Sale $900,000 -- $277 / 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 $4,486 $841,500 $357,000 $484,500
2024 $4,451 $391,757 $105,468 $286,289
2023 $4,451 $384,076 $103,400 $280,676
2022 $4,382 $376,546 $101,373 $275,173
2021 $4,330 $369,164 $99,386 $269,778
2020 $4,281 $365,379 $98,367 $267,012
2019 $4,247 $358,216 $96,439 $261,777
2018 $4,194 $351,194 $94,549 $256,645
2017 $4,007 $344,309 $92,696 $251,613
2016 $3,734 $337,559 $90,879 $246,680
2015 $3,650 $332,489 $89,514 $242,975
2014 $3,439 $325,977 $87,761 $238,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24013454

California Regional Multiple Listing Service (CRMLS)

APN: 060-345-015