Seller's Agent in 2015
Dennis Allan
Allan Real Estate Investments
(805) 473-7500
4 in this area
91 Total Sales
28
Beds
14
Baths
11,620
Sq Ft
0.56
Acres
Highlights
- 0.56 Acre Lot
- Level Lot
- 5-minute walk to Oceano Dunes State Vehicular Recreation Area
- Arroyo Grande High School Rated A-
About This Home
As of November 2015Very clean 14-unit complex constructed in 1989. All units are 2 bed/1 bath and have similar 830 sq ft floor plans. Current rents are $800/mo to $850/mo. GSI projections assume rents at $900/mo. Some upside beyond the projected rent is possible. One tenant gets a free unit for management. All tenants get 1 parking space on site. Very low historical vacancy rate.
Last Agent to Sell the Property
Allan Real Estate Investments License #00961923 Listed on: 08/31/2015
Last Buyer's Agent
James Celmayster
Celmayster & Associates
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.56 Acre Lot
- Level Lot
Home Design
- Slab Foundation
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 11,620 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 28 Bedrooms
- 14 Full Bathrooms
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
- Phone Available
- Cable TV Available
Community Details
- 14 Units
- Operating Expense $52,920
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for gardener, taxes, trash collection
- Assessor Parcel Number 062-065-014
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/25/2015 11/25/15 | Sold | $1,769,275 | -- | $152 / Sq Ft |
Source: North Santa Barbara County Regional MLS
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 | $25,032 | $2,094,457 | $473,516 | $1,620,941 |
| 2024 | $24,783 | $2,053,390 | $464,232 | $1,589,158 |
| 2023 | $24,783 | $2,013,129 | $455,130 | $1,557,999 |
| 2022 | $24,459 | $1,973,656 | $446,206 | $1,527,450 |
| 2021 | $24,418 | $1,934,957 | $437,457 | $1,497,500 |
| 2020 | $24,178 | $1,915,117 | $432,972 | $1,482,145 |
| 2019 | $24,028 | $1,877,567 | $424,483 | $1,453,084 |
| 2018 | $23,522 | $1,840,753 | $416,160 | $1,424,593 |
| 2017 | $22,091 | $1,804,660 | $408,000 | $1,396,660 |
| 2016 | $22,806 | $1,769,275 | $400,000 | $1,369,275 |
| 2015 | $9,805 | $913,159 | $385,323 | $527,836 |
| 2014 | $9,444 | $895,273 | $377,776 | $517,497 |
Source: Public Records
Agents Affiliated with this Home
-
Dennis Allan
-
J
Buyer's Agent in 2015
James Celmayster
Celmayster & Associates
Source: North Santa Barbara County Regional MLS
MLS Number: 1058891
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