NOT LISTED FOR SALE
9 Beds
10 Baths
3,028 Sq Ft
9,601 Sq Ft Lot

Sale Details

Date Sold: April 29, 2016

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

28 Days on Market

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

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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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2016
Closed on
Mar 3, 2016
Sold by
Bought by
Seller's Agent
Melissa Watkins
Keller Williams Realty-Central
Buyer's Agent
Melissa Watkins
Keller Williams Realty-Central
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 22, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,400,000 First American Title Company
-- None Available
-- --
-- --
-- --
$310,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $843,000
Previous Owner $152,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,690 $412,700 $100,400 $312,300
2024 $2,638 $412,700 $100,400 $312,300
2023 $2,780 $423,600 $100,400 $323,200
2022 $2,323 $370,000 $96,200 $273,800
2021 $3,541 $335,300 $96,200 $239,100
2020 $3,421 $320,900 $96,200 $224,700
2019 $3,240 $303,900 $96,200 $207,700
2018 -- $306,900 $100,400 $206,500
2017 -- $303,500 $100,400 $203,100
2016 -- $271,800 $84,100 $187,700
2015 -- $268,800 $81,500 $187,300
2014 -- $251,800 $75,800 $176,000
Source: Public Records

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 1062749

North Santa Barbara County Regional MLS
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