NOT LISTED FOR SALE

9110 Montecito Ave Atascadero, CA 93422

15 Beds
8 Baths
7,430 Sq Ft
20,212 Sq Ft Lot

Last Sold September 23, 2024

Last sale price $2,200,000 $296 Per Sq Ft

40 Days on Market

Highlights

  • No HOA
  • Shed
  • Forced Air Heating and Cooling System
  • Laundry Room
  • Tile Flooring
  • Bike Trail

About This Home

As of September 2024

Rare opportunity to own a well maintained 10 unit apartment complex in a convenient Atascadero location! Nine 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit with on site laundry for tenant convenience and additional owner income. Large lot with 21 parking spaces and spacious front and backyard community space. Complex is professionally managed and has been well maintained with newer water heaters, heaters and AC systems. Check with City on the potential for additional units! Please do not disturb tenants. All information has been deemed reliable, but not verified.

Last Agent to Sell the Property

Monica King

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-550-0603 License #01229478 Listed on: 05/10/2024

BHGRE HAVEN PROPERTIES

Co-Listed By

Kate Hendrickson

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-550-0603 License #01730943

Last Buyer's Agent

Nicholas Aurignac

Venture Real Estate License #02155891

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 20,210 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Back Yard

Home Design

  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 7,430 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • Parking Available
  • Private Parking
  • Paved Parking

Additional Features

  • Shed
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 38
  • Assessor Parcel Number 030482003

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Atsoutheast Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Professional Management Expense $12,040
  • Trash Expense $5,217
  • Water Sewer Expense $3,320
  • Operating Expense $88,273
  • Gross Income $165,702
  • Net Operating Income $77,429

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.46 Acres

Listing Details

  • Assessments: Yes
  • Inclusions: Stoves, Fridges
  • Professional Management Expense: 12040.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: ATSoutheast(40)
  • Water Sewer Expenses: 3320.00
  • Zoning: MF20
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 030482003
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 296.10

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, On Site, Private
  • Total Parking Spaces: 21.00
  • Uncovered Spaces: 21.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 5217.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level
  • Lot Size Sq Ft: 20210.00
  • Lot Size Acres: 0.4640

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 765 Square Feet
  • Gross Income: 165702.00
  • Gross Scheduled Income: 165702.00
  • Laundry Income: 3185.00
  • Lot Size Area: 20210.0000 Square Feet
  • Net Operating Income: 77429.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Disposal: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 88273.00
  • Rent Control: Yes
  • Total Expenses: 88273.00

Tax Info

  • Tax Lot: 38
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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
09/23/2024 09/23/24 Sold $2,200,000 -17.8% $296 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $2,675,000 -- $360 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24092958

California Regional Multiple Listing Service (CRMLS)
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