NOT LISTED FOR SALE

8740 El Camino Real Atascadero, CA 93422

Estimated Value: $1,058,000 - $1,114,000

6 Beds
3 Baths
2,142 Sq Ft
$506/Sq Ft Est. Value

Last Sold February 14, 2022

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

Est. 8% increase in value since last sale

Current estimated payment $7,013/month

20 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Balcony
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of February 2022

Historic, charming and fully renovated three unit apartment building in the heart of Atascadero. Completely remodeled from the foundation to the roof and everything in-between! Re engineered and reinforced foundation, new roof, new interior and exterior paint, siding repaired and replaced, new wood laminate flooring, new windows, and new appliances. Currently being advertised and shown by a property manager for rent as:
Unit A: 3BR, 1BA with full kitchen projected to rent for $2600/mo.
Unit B: (smallest unit): 1BR, 1BA with full kitchen currently projected to rent for $1575/mo.
Unit C (upstairs): 2BR, 1BA, full kitchen projected to rent for $2200/mo. Tenants all have their own parking spaces and locking storage closets. Community washer and dryer and Unit C has W/D hookups.
Tenants have painted stalls plus designated guest parking. Additionally, the back parking lot on the other side of the fence covered in gravel separately rents to the neighboring business for an additional $1000 monthly. $7,375 monthly income total projected.
Expenses are estimated and averaged and subject to buyer's expenses. Adjacent to restaurants, shopping and bus routes.

Last Agent to Sell the Property

Robin Mitchell Hee

BHGRE HAVEN PROPERTIES License #01306491 Listed on: 01/12/2022

BHGRE HAVEN PROPERTIES

Last Buyer's Agent

Susie Brans

Richardson Sotheby's International Realty License #01710596

Richardson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,296

Year Built

  • Built in 1916

Lot Details

  • 0.39 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System
  • Front Yard

Home Design

  • Property Attached
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,142 Sq Ft Home
  • 2-Story Property
  • Brick Wall or Ceiling
  • Living Room with Fireplace
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Combination Of Heating Systems
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, telephone, trash collection
  • Assessor Parcel Number 056051021

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Atsoutheast Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $327
  • Fuel Expense $85
  • Gardener Expense $175
  • Insurance Expense $150
  • Maintenance Expense $50
  • Professional Management Expense $446
  • Water Sewer Expense $61
  • New Taxes Expense $1,008
  • Operating Expense $2,302
  • Net Operating Income $5,073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,296

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Inclusions: Free standing closets, ranges, refrigerators
  • Price Per Unit: 333000
  • Professional Management Expense: 446.25
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: ATSoutheast(40)
  • Water Sewer Expenses: 61.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 175.00
  • Parcel Number: 056051021
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Brick Walls
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 466.85
  • Room Type: Kitchen, Laundry

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Water Heater
  • Electric: Standard
  • Heating Type: Combination, Floor Furnace, Forced Air, Wall Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lot 10000-19999 Sqft, Level, Paved, Sprinkler System
  • Lot Size Sq Ft: 16800.00
  • Lot Size Acres: 0.3857

Rental Info

  • Tenant Pays: Cable TV, Telephone, Trash Collection

Multi Family

  • Electric Expense: 327.00
  • Fuel Expense: 85.00
  • Gross Scheduled Income: 7375.00
  • Insurance Expense: 150.00
  • Lot Size Area: 16800.0000 Square Feet
  • Maintenance Expense: 50.00
  • Net Operating Income: 5072.75
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 2302.25
  • Rent Control: No
  • Total Actual Rent: 1000.00
  • Total Expenses: 2302.25

Tax Info

  • New Taxes Expense: 1008.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Mar 1, 2022
Sold by
Darren Smith
Bought by
Playa Dulce Llc
Seller's Agent
Robin Mitchell Hee
BHGRE HAVEN PROPERTIES
Buyer's Agent
Susie Brans
Richardson Sotheby's International Realty
List Price
$999,000
Sold Price
$1,000,000
Premium/Discount to List
$1,000
0.1%
Current Estimated Value
$1,083,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,887
Avg. Annual Appreciation
2.31%

Purchase Details

Listed on
Jan 12, 2022
Closed on
Feb 3, 2022
Sold by
Roger Grant Jr Family Trust
Bought by
Smith Darren
Seller's Agent
Robin Mitchell Hee
BHGRE HAVEN PROPERTIES
Buyer's Agent
Susie Brans
Richardson Sotheby's International Realty
List Price
$999,000
Sold Price
$1,000,000
Premium/Discount to List
$1,000
0.1%

Purchase Details

Closed on
Mar 6, 2015
Sold by
Grant Roger
Bought by
Grant Roger

Purchase Details

Closed on
Apr 7, 2005
Sold by
Long Rick and Bohner James
Bought by
Grant Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2004
Sold by
Long Rick and Long Rick Leon
Bought by
Long Rick and Bohner James

Purchase Details

Closed on
Sep 25, 2003
Sold by
Coleman William R
Bought by
Long Rick Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2003
Sold by
Coleman William R
Bought by
Coleman William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 1996
Sold by
Schultz Robert Randolph
Bought by
Coleman William R and Coleman Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,753
Interest Rate
8.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Playa Dulce Llc $1,005,000 Fidelity National Title
Smith Darren $1,000,000 Fidelity National Title
Grant Roger -- Public
Grant Roger $625,000 Fidelity Title Company
Long Rick -- Fidelity Title Company
Long Rick Leon $345,000 Fidelity Title Company
Coleman William R -- --
Coleman William R $16,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grant Roger $340,000
Previous Owner Grant Roger $350,000
Previous Owner Grant Roger $468,750
Previous Owner Long Rick Leon $258,750
Previous Owner Coleman William R $100,753
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $1,000,000 +0.1% $467 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $999,000 0.0% $466 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $999,000 -- $466 / 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 $13,296 $1,061,207 $636,724 $424,483
2024 $13,291 $1,040,400 $624,240 $416,160
2023 $13,291 $1,020,000 $612,000 $408,000
2022 $10,828 $820,938 $696,160 $124,778
2021 $10,412 $804,842 $682,510 $122,332
2020 $8,620 $665,000 $325,000 $340,000
2019 $7,928 $620,000 $310,000 $310,000
2018 $7,633 $605,000 $310,000 $295,000
2017 $5,122 $385,000 $310,000 $75,000
2016 $5,122 $385,000 $310,000 $75,000
2015 $5,121 $385,000 $310,000 $75,000
2014 $4,821 $385,000 $310,000 $75,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22006183

California Regional Multiple Listing Service (CRMLS)

APN: 056-051-021