Seller's Agent in 2020
Aaron Young
Eighty20 Group
(805) 400-9677
12 Total Sales
870 Mill St Unit 1 San Luis Obispo, CA 93401
Downtown San Luis Obispo NeighborhoodEstimated Value: $1,511,000 - $1,659,000
4
Beds
4
Baths
1,704
Sq Ft
$936/Sq Ft
Est. Value
Highlights
- City Lights View
- Property is near a park
- Living Room
- Laguna Middle School Rated A
- Balcony
- 3-minute walk to LC YC Cheng Park
About This Home
As of February 2020Location location location! Turn key 4 plex a stone’s throw from Downtown San Luis Obispo! Located only two blocks from the mission and downtown situated
on historic Mill Street just blocks from downtown San Luis Obispo this property consist of two separate buildings with two units in each, two units upstairs and two downstairs. The upstairs units have panoramic views of Madonna Mountain and Bishop’s Peak, the downstairs units have private patios and a bonus storage space. Each unit has a stack-able washer and dryer, full kitchen and their own off street parking space.
Built in 1996 the property has been exceptionally maintained. All four units have identical layouts with the exception of the upstairs having a deck and downstairs having a patio. There is lush landscape surrounding the property which is on an automated sprinkler system and has outdoor lighting illuminating the walkways. The two upstairs units have been completely remolded and updated with new appliances, carpet, paint and cabinets.
Current rents are bellow fair market value. One of the upstairs unit was recently rent and was only on the market for a week with multiple parties interested.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,738
Year Built
- Built in 1996 | Remodeled
Lot Details
- 4,680 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in excellent condition
- Drip System Landscaping
- Paved or Partially Paved Lot
- Level Lot
- Sprinkler System
- Density is 2-5 Units/Acre
Property Views
- City Lights
- Views of a landmark
- Mountain
- Hills
- Neighborhood
Home Design
- Quadruplex
- Turnkey
Interior Spaces
- 1,704 Sq Ft Home
- 2-Story Property
- Track Lighting
- Blinds
- Living Room
- Carpet
Kitchen
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- Microwave
- Freezer
- Disposal
Bedrooms and Bathrooms
- Mirrored Closets Doors
- 4 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Parking Available
- Combination Of Materials Used In The Driveway
- Driveway Level
- Paved Parking
- Assigned Parking
Eco-Friendly Details
- Energy-Efficient Windows
Outdoor Features
- Balcony
- Exterior Lighting
- Rain Gutters
Location
- Property is near a park
- Property is near public transit
- Urban Location
Utilities
- Wall Furnace
- ENERGY STAR Qualified Water Heater
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 5 / 16
- Assessor Parcel Number 002303014
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gross Income $3,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 3, 2019
Closed on
Jan 14, 2020
Sold by
Mill Morro Llc
Bought by
Kroll James H and Day Linda M
Seller's Agent
Aaron Young
Eighty20 Group
Buyer's Agent
Aaron Young
Eighty20 Group
List Price
$1,175,000
Sold Price
$1,075,000
Premium/Discount to List
-$100,000
-8.51%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$520,142
Avg. Annual Appreciation
7.27%
Purchase Details
Closed on
Dec 31, 2004
Sold by
Cameron Mark D
Bought by
Mill Morro Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kroll James H | $1,075,000 | Placer Title Company | |
| Mill Morro Llc | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2020 02/28/20 | Sold | $1,075,000 | -8.5% | $631 / Sq Ft |
| 12/29/2019 12/29/19 | Pending | -- | -- | -- |
| 09/03/2019 09/03/19 | For Sale | $1,175,000 | -- | $690 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,738 | $1,175,665 | $546,820 | $628,845 |
| 2024 | $12,508 | $1,152,614 | $536,099 | $616,515 |
| 2023 | $12,508 | $1,130,015 | $525,588 | $604,427 |
| 2022 | $11,724 | $1,107,859 | $515,283 | $592,576 |
| 2021 | $11,537 | $1,086,137 | $505,180 | $580,957 |
| 2020 | $4,401 | $414,347 | $262,460 | $151,887 |
| 2019 | $4,356 | $406,223 | $257,314 | $148,909 |
| 2018 | $4,270 | $398,259 | $252,269 | $145,990 |
| 2017 | $4,187 | $390,451 | $247,323 | $143,128 |
| 2016 | $4,105 | $382,796 | $242,474 | $140,322 |
| 2015 | $4,042 | $377,047 | $238,832 | $138,215 |
| 2014 | $3,711 | $369,662 | $234,154 | $135,508 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Young
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SP19209827
APN: 002-303-014
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