NOT LISTED FOR SALE

Estimated Value: $851,433

4 Beds
1 Bath
3,250 Sq Ft
$262/Sq Ft Est. Value

Sale Details

Date Sold: April 1, 2024

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

Est. 3% increase in value since last sale

Current estimated payment $5,489 / mo

30 Days on Market

Highlights

  • Corner Lot
  • Neighborhood Views
  • 2 Attached Carport Spaces
  • No HOA

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

Central Coast 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
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Property Details

Home Type

  • Multi-Family

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

Year Built

Built in 1978

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.50
  • 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
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Mar 24, 2024
Sold by
Bought by
Seller's Agent
John Cole
Central Coast 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
$851,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,433
Avg. Annual Appreciation
1.36%

Purchase Details

Closed on
Dec 27, 2023
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 2021
Sold by
Bought by

Purchase Details

Closed on
Oct 29, 2020
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2020
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 2019
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Grover Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$825,000 First American Title
-- None Listed On Document
-- None Available
-- Ogorman & Ogorman Llp
-- --
-- None Available
-- None Available
-- None Available
$260,000 Fidelity National Title Co
$149,500 Fidelity National Title Ins
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,704 $858,330 $364,140 $494,190
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

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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

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