$595,000
$105K PRICE DROP

Estimated payment $3,984/month

Total Views 32,282
-- Bed
-- Bath
575 Sq Ft
$1,035 Price per Sq Ft

Highlights

  • Fishing
  • 0.44 Acre Lot
  • Corner Lot
  • Monarch Grove Elementary School Rated A
  • Near a National Forest
  • 1-minute walk to Los Osos Community Park

About This Home

Large R-2 Residential Multifamily lot- 180 x 107 / 19,440 sq.ft. with approved plans for a 4-unit Apartment Complex/Condo project "READY TO BUILD!"- Comes with an existing 575 sf Commercial Office building that is currently rented out for $ 1,500.00 per month. Buyer to pay final SLO County Permit Fee's!

Listing Agent

Leon Van Beurden

Bay Osos Brokers Brokerage Phone: 805-801-1133 License #00646313 Listed on: 12/17/2024

Co-Listing Agent

Simon Van Beurden

Bay Osos Brokers Brokerage Phone: 805-801-1133 License #01909180

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,300

Year Built

  • Built in 1960

Lot Details

  • 0.44 Acre Lot
  • No Common Walls
  • Corner Lot
  • Density is 2-5 Units/Acre

Home Design

  • Shingle Roof
  • Fiberglass Roof
  • Wood Siding

Interior Spaces

  • 575 Sq Ft Home
  • 1-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Source of electricity is unknown
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 074371023
  • $1,200 per year additional tax assessments

Community Details

Overview

  • Morro Palisades Subdivision
  • Near a National Forest

Recreation

  • Fishing
  • Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $2,400
  • Gross Income $18,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,300

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 595000
  • Property Attached: No
  • Subdivision Name Other: Morro Palisades(620)
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 074371023
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 1034.78

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: Fiberglass, Shingle
  • Construction Materials: Wood Siding

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property, Electricity - Unknown
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Fishing, Hiking, Horse Trails, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 19293.00
  • Lot Size Acres: 0.4429

Multi Family

  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 19293.0000 Square Feet
  • Net Operating Income: 18000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: Yes
  • Total Expenses: 2400.00

Tax Info

  • Tax Annual Amount: 8300.00
  • TaxOtherAnnualAssessmentAmount: 1200.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $8,431 $334,280 $270,608 $63,672
2023 $8,431 $327,726 $265,302 $62,424
2022 $8,097 $321,300 $260,100 $61,200
2021 $6,015 $174,931 $166,613 $8,318
2020 $3,682 $173,138 $164,905 $8,233
2019 $3,660 $169,744 $161,672 $8,072
2018 $3,648 $166,416 $158,502 $7,914
2017 $3,290 $163,154 $155,395 $7,759
2016 $2,505 $159,956 $152,349 $7,607
2015 $2,480 $157,554 $150,061 $7,493
2014 $2,332 $154,469 $147,122 $7,347
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $595,000 -8.5% --
04/08/2025 04/08/25 Price Changed $650,000 -7.1% --
12/16/2024 12/16/24 For Sale $700,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity Title
Grant Deed $315,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24250731

California Regional Multiple Listing Service (CRMLS)

APN: 074-371-011