NOT LISTED FOR SALE

724 23rd St Paso Robles, CA 93446

6 Beds
5 Baths
2,027 Sq Ft
6,521 Sq Ft Lot

Last Sold December 14, 2018

Last sale price $709,000 $350 Per Sq Ft

114 Days on Market

Highlights

  • No Units Above
  • Paso Robles High School Rated A-
  • Laundry Room

About This Home

As of December 2018

Best value and Cap rate in the county, alomost a 6 cap. $714K, 5 units. 4 -1 bedroom, 1- 2 bedroom plus loft. Income is 5350 a month. All units are updated in last 4 years. Very low maintenance . They rent super fast and have solid tenants currently. This will go fast, so set up a showing.

Last Agent to Sell the Property

Veronica Benavidez

Keller Williams Realty Central Coast License #01465568 Listed on: 07/03/2018

Keller Williams Realty Central Coast

Last Buyer's Agent

Maci Umbertis

RE/MAX Parkside Real Estate License #01784326

RE/MAX Parkside Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,521 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,027 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 008165012

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Trash Expense $3,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $8,500
  • Operating Expense $13,640
  • Gross Income $5,350
  • Net Operating Income $50,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 008165012
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 349.78

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Unknown
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6521.00
  • Lot Size Acres: 0.1497

Multi Family

  • Gross Income: 5350.00
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 700.00
  • Lot Size Area: 6521.0000 Square Feet
  • Net Operating Income: 50560.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 13640.00
  • Rent Control: No
  • Total Actual Rent: 5375.00
  • Total Expenses: 13640.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Census Tract: 101.02
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Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $709,000 -0.7% $350 / Sq Ft
10/25/2018 10/25/18 Pending -- -- --
10/15/2018 10/15/18 Price Changed $714,000 -4.7% $352 / Sq Ft
09/09/2018 09/09/18 Price Changed $749,000 -5.1% $370 / Sq Ft
08/17/2018 08/17/18 Price Changed $789,000 -3.7% $389 / Sq Ft
07/31/2018 07/31/18 Price Changed $819,000 -3.6% $404 / Sq Ft
07/03/2018 07/03/18 For Sale $850,000 -- $419 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,620 $790,898 $334,654 $456,244
2024 $8,480 $775,392 $328,093 $447,299
2023 $8,480 $760,189 $321,660 $438,529
2022 $8,354 $745,284 $315,353 $429,931
2021 $8,211 $730,671 $309,170 $421,501
2020 $8,099 $723,180 $306,000 $417,180
2019 $7,985 $709,000 $300,000 $409,000
2018 $5,984 $528,130 $205,970 $322,160
2017 $5,627 $517,776 $201,932 $315,844
2016 $5,517 $507,624 $197,973 $309,651
2015 $1,400 $127,399 $102,317 $25,082
2014 $1,352 $124,904 $100,313 $24,591
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP18158140

California Regional Multiple Listing Service (CRMLS)