Paso Robles, CA 93446,1502 Pine ST

$1,100,000

$1,175,000

6.4%
Est.Price: ?

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Est. payment /mo

9,583 Sqft Lot


SOLD DATE : 11/26/2014

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Pr City Limits West(120)

MLS Listing ID SP1040966

Sold Date 11/26/14

HOA Y/N No

Year Built 1977

Lot Size 9,583 Sqft

Property Description

Marketing Remarks: Brokers/Agents: See Confidential Remarks! Seller just raised rents; 4.5% cash flow with 30% down at close and rents still 20% below market. 5 minute walk to City Park. Six 2 bedrooms and three 1 bedroom units. Units are split level; see photos. Carports and garages; remaining carports could easily be converted into garages. This neighborhood is undergoing a revitalization; old homes being renovated and the downtown commercial area has expanded to one block away. Nearby homes are selling for $360,000 to $425,000 and some are now listed in the high $400,000s to low $500,000s.

Location

State CA

County San Luis Obispo

Zoning APT

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Community Features Curbs, Street Lights, Sidewalks

Roof Type Shingle

Building

Lot Description Corner Lot, Paved

Story Two

Entry Level Two

Foundation None

Level or Stories Two

Others

Tax ID 008325005

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Guy Torelli • Torelli Investment Realty
Bought with James Irving • RE/MAX Parkside Real Estate
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