5370 Palma Avenue

Atascadero, CA 93422

$1,152,300
Last Sold Price
8
Beds
3,516 Sq. Ft.
$328 / Sq. Ft.
3,516
Sq. Ft.
$328
per Sq. Ft.

Description

Seller Financing Opportunity. You've waited for the right investment and wallah here's the 4 plex that works for your seller financed purchase or tax exchange! Unit number 4 located upstairs is now rented for $1650 monthly. Unit number three will be available to show soon and with be rented at $1750 per month minimum. Professionally managed 4 plex about 900 square feet each two-bedroom one bath unit. Coin operated laundry room on premisesSeller Financing Opportunity. You've waited for the right investment and wallah here's the 4 plex that works for your seller financed purchase or tax exchange! Unit number 4 located upstairs is now rented for $1650 monthly. Unit number three will be available to show soon and with be rented at $1750 per month minimum. Professionally managed 4 plex about 900 square feet each two-bedroom one bath unit. Coin operated laundry room on premises
  1. Listed by Paul Masters • DRE #01194435 • Brokerage DRE #01845744 • Home Masters Realty

Property Details for 5370 Palma Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3516
Assessor Parcel Number
029312026
Property Attached YN
false

Location

Listing Courtesy of Home Masters Realty, Paul Masters, DRE #01194435

Sold By Home Masters Realty, Paul Masters, DRE #01194435

Add your commute
LISTING UPDATED: 06/09/2023 08:25 AM

Property Details for 5370 Palma Avenue

StatusClosed
MLS #PI22232126
Days on Market200
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1974
Lot Size0.25 AC / 11,100 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Home Masters Realty, Paul Masters, DRE #01194435

Sold By Home Masters Realty, Paul Masters, DRE #01194435

Add your commute

Building Information for 5370 Palma Avenue

Stories2Residences-Year Built1974Building Size-Lot Size0.25 AC / 11,100 SF

Payment Calculator

$7,041 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,289

Property Taxes

$752

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5370 Palma Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $76,188
  • Gross Scheduled Income: $76,188
  • Net Operating Income: $57,236
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $900
  • Operating Expense Percent: 12.00%
  • New Taxes Expense: $12,000
  • Gardener Expense: $1,620
  • Fuel Expense: $0
  • Licenses Expense: $50
  • Electric Expense: $500
  • Insurance Expense: $1,200
  • Trash Expense: $1,600
  • Water Sewer Expense: $1,680
  • Total Expenses: $18,650
Tax / Assessment Info
  • Tax Block: RA
  • Tax Census Tract: 125.05
  • CFD/Mello-Roos Fee: $1
  • Tax Lot: 43
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Sloped Down
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 8
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $6,349
  • Unit Type Total Rent: $76,188
  • Unit Type Pro Forma: 82500
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 5370 Palma Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5370 Palma Avenue

Taxable ValueLand$278,879Additions$364,773Total$643,652
Tax Record2023$9,027 ($752 / month)
Home Facts
Total Finished SqFt3,516 SqFtAbove Grade Finished SqFt3,516 SqFtLot Size11,100 SqFtStyleQuadraplexYear Built1974ZoningMF10CountySAN LUIS OBISPOAPN029-312-026

Schools near 5370 Palma Avenue

This home is within Atascadero Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 8
Rating
School
Distance
San Benito Elementary School
PublicK to 5

Atascadero Middle School
Public6 to 8

Atascadero High School
Public9 to 12

Fine Arts Academy
Public4 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Masters Realty, Paul Masters, DRE #01194435

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.