NOT LISTED FOR SALE

Pismo Beach, CA 93449

9 Beds
10 Baths
3,028 Sq Ft
9,583 Sq Ft Lot

Last Sold April 29, 2016

Last sale price $1,400,000 $462 Per Sq Ft

28 Days on Market

Highlights

  • Wood Siding
  • Arroyo Grande High School Rated A-
  • 2-minute walk to Mary Herrington Park

About This Home

As of April 2016

Investor's Dream in Downtown Pismo Beach! These darling cottages, located just a few blocks from the beach, have long term tenants with great rental history and income. The cottages consist of studios, 1 bedroom and 2 bedroom units, making a total of 10 units. Check with the City for other possibilities for this very unique property! Priced at $1,399,000

Last Agent to Sell the Property

Melissa Watkins

Keller Williams Realty-Central Listed on: 01/27/2016

Co-Listed By

Crystal Watkins Howard

Keller Williams Realty-Central License #01463789

Last Buyer's Agent

Melissa Watkins

Keller Williams Realty-Central Listed on: 01/27/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,601 Sq Ft Lot

Home Design

  • 3,028 Sq Ft Home
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Full Bathrooms

Utilities

  • Wall Furnace
  • Phone Available

Listing and Financial Details

  • The owner pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 005-141-002

Community Details

Overview

  • 10 Units
  • 12-Story Property

Building Details

  • Operating Expense $49,002
  • Net Operating Income $63,874

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

9,601 Sq Ft Lot

Listing Details

  • FILLACRES: 0.22
  • ApproxYrBlt: 1965
  • Directions To Property: W/B Ocean View from Price St.
  • Listing Member Name: Melissa Watkins
  • Listing Office Short Id: 1476
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 9601.00
  • Major Area: 08 - Pismo Beach
  • Open House Office I D: 20170308161046880413000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 1878
  • Selling Office Short Id: 1476
  • Building Stories: 12
  • Tract Suffix: Avenue
  • OFFICELIST_ZIP4: 2568
  • Unit Levels: One, Two
  • Geen Feat.: Curbs/Gutter, Paved Streets, Sidewalks, Telephone
  • Income And Expenses Annual Operating Exp: 49002.00
  • Income And Expenses Cap Rate: 5.25
  • Landlord Pays: Cable TV, Electricity, Gas, Trash Collection, Water
  • Special Features: None
  • Stories: 12
  • Year Built: 1965

Interior Features

  • Total Bathrooms: 10.00
  • Total Bedrooms: 9
  • Laundry: Other

Exterior Features

  • Exterior: Stucco, Wood Siding
  • Foundation: Raised, Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking: 6 - 10

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace

Lot Info

  • Zoning Description: Residential

Tax Info

  • Assessor Parcel Number: 005-141-002

Multi Family

  • Income And Expenses Net Operating Income: 63874.00
  • Efficiency Studio Rent Range: $900-$950
  • Total Number Units: 10
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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
04/29/2016 04/29/16 Sold $1,400,000 -- $462 / 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 $18,111 $1,657,310 $1,302,174 $355,136
2024 $17,886 $1,624,815 $1,276,642 $348,173
2023 $17,886 $1,592,957 $1,251,610 $341,347
2022 $17,602 $1,561,723 $1,227,069 $334,654
2021 $17,544 $1,531,102 $1,203,009 $328,093
2020 $17,335 $1,515,403 $1,190,674 $324,729
2019 $17,199 $1,485,690 $1,167,328 $318,362
2018 $16,982 $1,456,560 $1,144,440 $312,120
2017 $16,690 $1,428,000 $1,122,000 $306,000
2016 $5,553 $445,068 $330,219 $114,849
2015 $5,476 $438,383 $325,259 $113,124
2014 $5,328 $429,797 $318,888 $110,909
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Melissa Watkins

    Keller Williams Realty-Central

  • C

    Seller Co-Listing Agent in 2016

    Crystal Watkins Howard

    Keller Williams Realty-Central

See All Agents

Source: North Santa Barbara County Regional MLS

MLS Number: 1062749

North Santa Barbara County Regional MLS
California San Luis Obispo County Pismo Beach

93449

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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