NOT LISTED FOR SALE

839 17th St Paso Robles, CA 93446

12 Beds
6 Baths
3,000 Sq Ft
8,000 Sq Ft Lot

Last Sold May 26, 2023

Last sale price $1,400,000 $467 Per Sq Ft

2 Days on Market

Highlights

  • Corner Lot
  • Neighborhood Views
  • Laundry Room
  • Paso Robles High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 6 Attached Carport Spaces

About This Home

As of May 2023

Rare SIX unit apartment building on the corner of 17th and Pine St. Convenient to downtown and the fair grounds. Built by the seller, first time on the market. All units 2 bedroom/1 bathroom. Four upstairs, two downstairs. Six covered parking spaces and six driveway parking spaces on concrete. Dedicated laundry room for tenant convenience and addtional owner income. Zoned T-4N SP#3 and in IRS designated Opportunity Zone for possible significant tax savings. Professionally managed and solid rental history. No inspections in hand. Unit showings after accepted offer. Please don't disturb tentants.

Last Agent to Sell the Property

Kyler Hamann

RE/MAX Parkside Real Estate License #01474742 Listed on: 04/18/2023

RE/MAX Parkside Real Estate

Last Buyer's Agent

Jordan Knauer

Equity Union License #02041698

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1969

Lot Details

  • 8,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 12 Parking Spaces
  • 6 Attached Carport Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Assessor Parcel Number 008287016

Community Details

Overview

  • 6 Units
  • Pr City Limits West Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $510
  • Fuel Expense $2,529
  • Professional Management Expense $8,781
  • Trash Expense $3,275
  • Water Sewer Expense $11,697
  • Operating Expense $58,116
  • Gross Income $121,873
  • Net Operating Income $63,757

Property Details

Home Type

Co-Op

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.90
  • Professional Management Expense: 8781.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: PR City Limits West(120)
  • View: Yes
  • Water Sewer Expenses: 11697.00
  • Zoning: T-4N SP#3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 008287016
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 466.67

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport, Covered, Driveway, Concrete
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 3275.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Co-Ownership
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 510.00
  • Fuel Expense: 2529.00
  • Gross Income: 121873.00
  • Gross Scheduled Income: 101029.00
  • Laundry Income: 5161.00
  • Lot Size Area: 8000.0000 Square Feet
  • Net Operating Income: 63757.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 58116.00
  • Rent Control: Yes
  • Total Actual Rent: 116712.00
  • Total Expenses: 58116.00

Tax Info

  • Tax Census Tract: 101.03
  • Tax Lot: 6

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2023 05/26/23 Sold $1,400,000 +7.7% $467 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $1,300,000 -- $433 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS23061437

California Regional Multiple Listing Service (CRMLS)