NOT LISTED FOR SALE

721 28th St Paso Robles, CA 93446

Estimated Value: $613,000 - $786,000

4 Beds
2 Baths
2,025 Sq Ft
$357/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $448,500 $221 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,176/month

637 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Accessible Parking
  • Paso Robles High School Rated A-
  • Laundry Room
  • Wood Burning Fireplace

About This Home

As of June 2021

CALLING ALL INVESTORS! Looking for a Great Duplex property in Paso Robles that is 100% rented with instant cash flow? This property will be a great addition to anyone's portfolio and you may be able to add even more income by adding another unit. The buyer will need to confirm with the city for possible additions, but the property is zoned R3. The first unit offers 3 bedrooms / 1.5 bathrooms and the second unit is a 1 bedroom / 1 bath home, with an additional bonus room. Additionally, Each unit has its own private backyard spaces. Located near schools, shopping, bus stops, freeway access and just minutes to Downtown. Properties like this don't hit the market often, so don't wait too long or you will miss out.

Last Agent to Sell the Property

Gerson Mendez

RE/MAX Parkside Real Estate License #01882316 Listed on: 08/03/2019

RE/MAX Parkside Real Estate

Co-Listed By

Guadalupe Mendez

RE/MAX Parkside Real Estate License #01892897

Last Buyer's Agent

Daniel Blakely

Blakely Real Estate & Appraisals License #01514442

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 10,512 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Home Design

  • Duplex
  • Split Level Home
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,025 Sq Ft Home
  • Wood Burning Fireplace
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Unpaved Parking

Utilities

  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 1 / 203
  • Assessor Parcel Number 008081010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Trash Expense $960
  • Water Sewer Expense $3,900
  • Operating Expense $5,610
  • Gross Income $2,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: PR City Limits West(120)
  • View: No
  • Water Sewer Expenses: 3900.00
  • Zoning: R4
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 008081010
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Wood Burning
  • Levels: Two, Multi/Split
  • Price Per Square Foot: 221.48

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Unpaved
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Near Public Transit
  • Lot Size Sq Ft: 10512.00
  • Lot Size Acres: 0.2413

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2850.00
  • Insurance Expense: 750.00
  • Lot Size Area: 10512.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 6
  • Number With Range: 2
  • Rent Control: No
  • Total Actual Rent: 2.00
  • Total Expenses: 5610.00

Tax Info

  • Tax Block: 203
  • Tax Census Tract: 101.02
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Blakely Daniel Ryan and Blakely Christine Shihady
Bought by
Blakely Investment Group Llc
Current Estimated Value
$723,095

Purchase Details

Listed on
Aug 3, 2019
Closed on
May 12, 2021
Sold by
Rodriguez Alberta
Bought by
Blakely Daniel Ryan and Blakely Christine Shihady
Seller's Agent
Gerson Mendez
RE/MAX Parkside Real Estate
Buyer's Agent
Daniel Blakely
Blakely Real Estate & Appraisals
List Price
$485,000
Sold Price
$448,500
Premium/Discount to List
-$36,500
-7.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
Original Mortgage
$336,375
Outstanding Balance
$303,882
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$419,213

Purchase Details

Listed on
Jul 17, 2014
Closed on
Sep 2, 2014
Sold by
U S Bank Na
Bought by
Rodriguez Alberto
Seller's Agent
Sydney Liptak
Oak & Roots Real Estate Group
Buyer's Agent
Gerson Mendez
RE/MAX Parkside Real Estate
List Price
$160,000
Sold Price
$180,000
Premium/Discount to List
$20,000
12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.48%

Purchase Details

Closed on
Nov 8, 2013
Sold by
Ramos Debbie F
Bought by
U S Bank Na

Purchase Details

Closed on
Sep 21, 1999
Sold by
Belillo Debra F and Ramos Debbie F
Bought by
Ramos Debbie F and Debbie F Ramos Trust

Purchase Details

Closed on
Oct 4, 1996
Sold by
Jones Brian F and Doyle White C
Bought by
Belillo Debra F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.91%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Blakely Investment Group Llc -- None Available
Blakely Daniel Ryan $448,500 Fidelity National Title Co
Rodriguez Alberto $180,000 Servicelink Title Company
U S Bank Na $198,115 Accommodation
Ramos Debbie F -- --
Belillo Debra F $104,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blakely Daniel Ryan $336,375
Previous Owner Belillo Debra F $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2021 06/10/21 Sold $448,500 -7.5% $221 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $485,000 0.0% $240 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
05/01/2020 05/01/20 For Sale $485,000 0.0% $240 / Sq Ft
04/24/2020 04/24/20 Pending -- -- --
03/16/2020 03/16/20 Price Changed $485,000 -2.0% $240 / Sq Ft
08/03/2019 08/03/19 For Sale $495,000 +175.0% $244 / Sq Ft
09/10/2014 09/10/14 Sold $180,000 +12.5% $89 / Sq Ft View Prior Sale
07/17/2014 07/17/14 For Sale $160,000 -- $79 / 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 $5,182 $475,420 $265,302 $210,118
2024 $5,097 $466,099 $260,100 $205,999
2023 $5,097 $456,960 $255,000 $201,960
2022 $5,122 $456,960 $255,000 $201,960
2021 $2,246 $199,853 $111,030 $88,823
2020 $2,215 $197,805 $109,892 $87,913
2019 $2,184 $193,928 $107,738 $86,190
2018 $2,154 $190,126 $105,626 $84,500
2017 $2,026 $186,399 $103,555 $82,844
2016 $1,986 $182,745 $101,525 $81,220
2015 $1,979 $180,000 $100,000 $80,000
2014 $2,976 $275,000 $120,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS19185131

California Regional Multiple Listing Service (CRMLS)

APN: 008-081-010