Movoto Real Estate
Sold on 05/26/2023
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1717 Pine St, Paso Robles, CA 93446

$1,144,000

Last sold 05/26/2023 for $1.2M

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    bed

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    bath

Multi-family not for sale

About 1717 Pine St

Property type Multi-family
Year built 1970
HOA fee $0/month
Lot size 0.31 Acre
Movoto estimate
Rental estimate
Property description
Several rental units on one T-4N SP#3 zoned parcel. First time on the market. This listing includes a two-story three unit apartment building (each unit 2 bedroom, 1.5 bathrooms), plus a 2/1 home at 1719 Pine St., plus a studio with a large yard and two sheds. Plenty of off-street parking and room for possibly building additional units (check with City). All units have have been professionally managed with a strong income history. Dedicated laundry room for tenant convenience and addtional owner income. This property is in the IRS designated Opportunity Zone for possible significant tax savings. Near the corner of 17th and Pine - convenient to downtown and the fair grounds. No inspections in hand. Unit showings after accepted offer. Please don't disturb tentants.
Listed by
Listing Agent - Kyler Hamann
Listing Office - RE/MAX Parkside Real Estate
Source: CRMLS mls logo
MLS#NS23061696 • last updated 3 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.3053
Lot Size (SqFt) 13301
Year Built 1970
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 2800
Roof Asphalt
Lot Description Rectangular Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County San Luis Obispo
Community Features Urban
Subdivision PR City Limits West(120), PR City Limits West(120)
Zoning R3
Directions Can Be Viewed As Driveby From 1717 And 1719 Pine And The Alley For 1719 1/2.
APN 8287017
Multifamily Details
Expense: Trash 2572
Operating Expense 27504
Cap Rate 5.74
Total Expenses 27504
Expense: Water/ Sewer 6261
Gross Income 90680
Expense: Electric 151
Gross Scheduled Income 90680
Expense: Fuel 260
$1.14M
Range: $960K-$1.32M
Last 30 days 
Rental est.: $1,932/month
Gross rent multiplier: 51.7
  • May 2023
    mls logo MLS # NS23061696
  • May 26, 2023 Sold
    $1,200,000
  • Apr 20, 2023 Pending
    —
  • Apr 18, 2023 Listed
    $1,100,000
  • May 2023
    Public Records
  • May 26, 2023 Sold
    $1,200,000 (+9.1%)
  • Year Property taxes Tax assessment
  • 2024
    $13,608 +446.0%
    $1,224,000 +447.8%
  • 2023
    $2,492 +1.5%
    $223,438
  • 2022
    $2,455 +1.7%
    $223,438 +4.04%
  • 2021
    $2,413 +1.4%
    $214,764 +1.04%
  • 2020
    $2,381 +1.4%
    $212,562
  • 2019
    $2,347 +1.4%
    $212,562 +2.0%
  • 2018
    $2,315 +6.3%
    $208,395 +2.0%
  • 2017
    $2,177 +2.0%
    $204,310 +4.04%
  • 2016
    $2,134 +0.4%
    $196,378
  • 2015
    $2,126
    —
  • 1717 Pine St
    $1.2M
  • —
  • 93446
    $892K 0% y/y
  • Paso Robles
    $893K 0% y/y
No chart available
Statistics calculated by Movoto

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  • 1717 Pine St
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