NOT LISTED FOR SALE

Grover Beach, CA 93433

Estimated Value: $503,000 - $1,765,065

9 Beds
5 Baths
3,848 Sq Ft
$323/Sq Ft Est. Value

Sale Details

Date Sold: June 10, 2014

Last sale price $935,000 $243 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,776 / mo

11 Days on Market

Highlights

  • Cathedral Ceiling
  • Corner Lot
  • Garage
  • Arroyo Grande High School Rated A-
  • Double Pane Windows
  • Laundry Facilities

About This Home

As of June 2014

Beautifully maintained building of loft style apartments in the up and coming Grover Beach warehouse district. Lovingly upgraded and renovated, 3 of the 4 units are two bedroom, 1 bath fully furnished, eco-friendly vacation rentals with one month minimum stays, very high rental income and repeat clientele. There is one 3 bedroom, 2 bath ground floor unit on a long term lease that would be suitable as an owner's apartment. All units have a one car garage plus outside parking space. Just a short stroll from beaches, coffee shops, restaurants, the Monarch Butterfly Grove, golf course and the anticipated lodge and convention center.

Last Agent to Sell the Property

Linda Butler

BHGRE Haven Properties Listed on: 04/15/2014

Last Buyer's Agent

Jed Damschroder

Wilson & Co.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 7,501 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,848 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Double Pane Windows

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Parking

  • Garage
  • On-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities
  • Operating Expense $25,000

Listing and Financial Details

  • The owner pays for electricity, gardener, gas, trash collection, water
  • Assessor Parcel Number 060-077-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

7,501 Sq Ft Lot

Listing Details

  • FILLACRES: 0.17
  • ApproxYrBlt: 1979
  • Directions To Property: 4th Street, west on Newport. Corner of 1st Street and Newport
  • Listing Member Name: Linda Butler
  • Listing Office Short Id: 198510950
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 7501.00
  • Major Area: 09 - Grover Beach
  • Open House Office I D: 20170308161130368822000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 01886306
  • Selling Office Short Id: 198510950
  • Building Stories: 2
  • Tract Suffix: Avenue
  • OFFICELIST_ZIP4: 1549
  • Unit Levels: Two
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets
  • Income And Expenses Annual Operating Exp: 25000.00
  • Landlord Pays: Electricity, Gardener, Gas, Trash Collection, Water
  • Special Features: None
  • Stories: 2
  • Year Built: 1979

Interior Features

  • Total Bathrooms: 5.00
  • Total Bedrooms: 9
  • Interior Amenities: Cathedral Ceilings, Dual Pn Windows, Phone Wired, Storage
  • Laundry: Common

Exterior Features

  • Exterior Features: Decks, Yard Sprinklers
  • Foundation: Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking: Garage, Street

Utilities

  • Air Conditioner: None
  • Heating: Electric, Natural Gas, Wall Furnace
  • Separate Meters: Electric, Gas, Water

Lot Info

  • Lot Characteristics: Corner, Level
  • Zoning Description: Multi-Fam R2

Rental Info

  • Tenant Pays: Other

Tax Info

  • Assessor Parcel Number: 060-077-022

Multi Family

  • Annual Operating Expense: Accounting, Electricity, Gas, Insurance, Janitorial Service, Legal, Maintenance, Management, Other, PRP Tx/Assessment, Trash, Water/Sewer
  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2015
Sold by
Obermeier Judith L
Bought by
Carroll Michael J and Judith L Obermeier R
Current Estimated Value
$1,244,766

Purchase Details

Listed on
Apr 15, 2014
Closed on
May 13, 2014
Sold by
Carroll Michael J
Bought by
Obermeier Judith L
Seller's Agent
Linda Butler
BHGRE Haven Properties
Buyer's Agent
Jed Damschroder
Wilson & Co.
Sold Price
$935,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$626,000
Outstanding Balance
$476,012
Interest Rate
4.27%
Mortgage Type
New Conventional
Estimated Equity
$768,754

Purchase Details

Listed on
Apr 15, 2014
Closed on
May 8, 2014
Sold by
Mmc Modern Llc
Bought by
Obermeier Judith L
Seller's Agent
Linda Butler
BHGRE Haven Properties
Buyer's Agent
Jed Damschroder
Wilson & Co.
Sold Price
$935,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,000
Outstanding Balance
$476,012
Interest Rate
4.27%
Mortgage Type
New Conventional
Estimated Equity
$768,754

Purchase Details

Closed on
Apr 12, 2013
Sold by
Mcelrath Melissa
Bought by
Mmc Modern Llc

Purchase Details

Closed on
Sep 24, 2004
Sold by
Mcelrath Elva M
Bought by
Mcelrath Enterprises Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Carroll Michael J -- None Available
Obermeier Judith L -- First American Title Company
Obermeier Judith L $935,000 First American Title Company
Mmc Modern Llc $3,000 First American Title Company
Mcelrath Melissa $373,500 First American Title Company
Mcelrath Enterprises Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obermeier Judith L $626,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2014 06/10/14 Sold $935,000 -- $243 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $12,868 $1,146,172 $367,754 $778,418
2024 $12,767 $1,123,699 $360,544 $763,155
2023 $12,767 $1,101,667 $353,475 $748,192
2022 $12,569 $1,080,067 $346,545 $733,522
2021 $12,421 $1,058,890 $339,750 $719,140
2020 $12,280 $1,048,034 $336,267 $711,767
2019 $12,181 $1,027,485 $329,674 $697,811
2018 $12,028 $1,007,339 $323,210 $684,129
2017 $11,494 $987,588 $316,873 $670,715
2016 $10,712 $968,224 $310,660 $657,564
2015 $10,469 $953,681 $305,994 $647,687
2014 $5,934 $562,542 $251,135 $311,407
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Linda Butler

    BHGRE Haven Properties

  • J

    Buyer's Agent in 2014

    Jed Damschroder

    Wilson & Co.

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Source: North Santa Barbara County Regional MLS

MLS Number: 1043044

North Santa Barbara County Regional MLS

APN: 060-077-022

California San Luis Obispo County Grover Beach

93433

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Santa Barbara County Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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