NOT LISTED FOR SALE

Oceano, CA 93445

Oceano Neighborhood

Estimated Value: $1,067,000 - $1,270,000

8 Beds
8 Baths
3,408 Sq Ft
$336/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $860,000 $252 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,787/month

83 Days on Market

About This Home

As of March 2021

Very solid 4-plex in the town of Oceano. These units always stay rented and when a vacancy occurs the time for rent-up is faster than the owner can turnover the unit. All 2-bed/1.5-bath townhomes. There are new furnaces and stoves in all units. Tenants pay electric and gas. There is ample off street parking both in front and back of the units, which the back units are accessed by an ally way. There is also an abundant amount of on street parking. Rents have just been raised the allowable amounts which sets the income at $5,300 a month, $63,600 annually. Great investment, great location, easy access to beach and near highway 1. Oceano's beach is the Oceano Dunes State Vehicular Recreation Area, a 1,500 acres coastal sand dune. It is the only state park in California where visitors

Last Agent to Sell the Property

Nickolas Burgo

Eighty20 Group License #02105542 Listed on: 09/25/2020

Co-Listed By

Alana King

Eighty20 Group License #02037774

Last Buyer's Agent

SM Non Member

Non member Santa Maria

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 7,000

Home Design

  • 3,408 Sq Ft Home
  • Slab Foundation
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms

Additional Features

  • 7,000 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Security Deposit $9,000
  • Tenant pays for electricity, gas
  • Assessor Parcel Number 062-086-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

7,000 Sq Ft Lot

Listing Details

  • FILLACRES: 0.16
  • ApproxYrBlt: 1983
  • Listing Member Name: Nickolas Charles Burgo
  • Listing Office Short Id: 02092190
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 7000.00
  • Major Area: 11 - Oceano
  • Open House Office I D: 20200723010902776167000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 2850
  • Selling Office Short Id: 2956
  • Tract Suffix: Street
  • Special Features: None
  • Year Built: 1983

Interior Features

  • Lower Floor 1 Half Bathrooms: 4
  • Total Bathrooms: 8.00
  • Total Bedrooms: 8

Exterior Features

  • Foundation: Slab
  • Roof: Composition

Utilities

  • Air Conditioner: None
  • Heating: Natural Gas

Rental Info

  • Deposit: 9000.00
  • Tenant Pays: Electricity, Gas

Tax Info

  • Assessor Parcel Number: 062-086-027

Multi Family

  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Jan 25, 2021
Sold by
Rice Robert K
Bought by
Root Homes Llc
Seller's Agent
Nickolas Burgo
Eighty20 Group
Buyer's Agent
SM Non Member
Non member Santa Maria
Sold Price
$860,000
Current Estimated Value
$1,145,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,251
Avg. Annual Appreciation
5.99%
Original Mortgage
$560,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2000
Sold by
Burgess Barbara Ann
Bought by
Rice Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.86%

Purchase Details

Closed on
Jun 7, 2000
Sold by
Burgess Roger E and Burgess Barbara A
Bought by
Burgess Roger Enoch and Burgess Barbara Ann

Purchase Details

Closed on
Mar 28, 1995
Sold by
Shepherd Sharon H
Bought by
Burgess Roger E and Burgess Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.43%
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
Root Homes Llc $860,000 First American Title Company
Rice Robert K $260,000 Fidelity National Title Co
Burgess Roger Enoch -- --
Burgess Roger E $240,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Root Homes Llc $560,000
Previous Owner Rice Robert K $140,000
Previous Owner Burgess Roger E $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $860,000 -- $252 / 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 $10,855 $930,890 $324,729 $606,161
2024 $10,744 $912,638 $318,362 $594,276
2023 $10,744 $894,744 $312,120 $582,624
2022 $10,600 $877,200 $306,000 $571,200
2021 $5,163 $361,925 $139,200 $222,725
2020 $5,118 $358,215 $137,773 $220,442
2019 $5,090 $351,192 $135,072 $216,120
2018 $4,950 $344,307 $132,424 $211,883
2017 $4,792 $337,557 $129,828 $207,729
2016 $4,490 $330,939 $127,283 $203,656
2015 $3,500 $325,969 $125,372 $200,597
2014 $3,371 $319,585 $122,917 $196,668
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nickolas Burgo

    Eighty20 Group

  • A

    Seller Co-Listing Agent in 2021

    Alana King

    Eighty20 Group

    Section Image

  • S

    Buyer's Agent in 2021

    SM Non Member

    Non member Santa Maria

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Source: North Santa Barbara County Regional MLS

MLS Number: 20002387

North Santa Barbara County Regional MLS

APN: 062-086-027

California San Luis Obispo County Oceano 93445

Oceano

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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