NOT LISTED FOR SALE

1181 Main St Morro Bay, CA 93442

Estimated Value: $1,819,142

5 Beds
4 Baths
3,014 Sq Ft
$604/Sq Ft Est. Value

Last Sold October 03, 2019

Last sale price $1,275,000 $423 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $11,171/month

13 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Primary Bedroom Suite
  • Del Mar Elementary School Rated A-
  • Fishing
  • All Bedrooms Downstairs

About This Home

As of October 2019

Highly desirable downtown Morro Bay Mixed-Use Triplex! Upgraded with incredible attention to detail in all 3 units! 1181 Main is a commercial unit with tile floors throughout, private office, kitchen sink area, and ADA compliant bathroom. 1183 Main is a street level 2-bedroom home boasting new kitchen cabinets and quartz counter tops, new appliances and water heater, tile flooring in the living areas and white oak hardwood in the bedrooms, new shower & tile in bath, laundry hook-ups and a single-car garage. Through the 2nd bedroom's new French doors is a lovely, private, brick patio. 1185 Main is a wonderful 3-bedroom, 2 bath 1792# updated second story Executive Suit with an elevator. Wonderful views of Morro Rock and the Harbor. Many Custom upgrades including hardwood & tile floors throughout, granite counter tops with glass door upper cabinets, single room air conditioning, indoor laundry, a large light open spacious Master Bath with high end Douglas Fir cabinets, double sinks and quartz counter tops and a custom closet system. Enjoy the Coastal views and cool Coastal Breeze with your morning cup of coffee or your evening glass of wine on one of the two upper decks. This unit offers plenty of storage space with the attached 3-car garage. There is also a beautiful flagstone patio and gardens below the staircase.
This is a great opportunity to own a Custom Executive Retreat and Income Property for your 1031 Exchange!

Last Agent to Sell the Property

Leon Van Beurden

Bay Osos Brokers License #00646313 Listed on: 09/01/2019

Last Buyer's Agent

Sal Ruiz

BHGRE HAVEN PROPERTIES License #00865841

BHGRE HAVEN PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,108

Year Built

  • Built in 2005

Lot Details

  • 6,800 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • City Lights
  • Dune
  • Mountain

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Spanish Tile Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,014 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Double Pane Windows
  • Awning
  • Custom Window Coverings
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Wood Flooring

Kitchen

  • Galley Kitchen
  • Built-In Range
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Exterior Lighting
  • Separate Outdoor Workshop

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • 220 Volts in Workshop
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 64 / 31
  • Assessor Parcel Number 066024023

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $850
  • Water Sewer Expense $1,800
  • New Taxes Expense $15,000
  • Operating Expense $19,350
  • Gross Income $70,200
  • Net Operating Income $50,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,108

Year Built

Built in 2005

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: C1
  • Architectural Style: Mediterranean
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 066024023
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Elevator, Granite Counters, Living Room Deck Attached, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 423.03
  • Room Type: All Bedrooms Down, All Bedrooms Up, Galley Kitchen, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Office
  • Window Features: Custom Covering, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Other Structures: Workshop
  • Exterior Features: Awning(s)
  • View: Dunes, Bay, City Lights, Coastline, Harbor, Marina, Mountain(s), Ocean
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Water Heater, Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts in Workshop
  • Heating Type: Central, Natural Gas
  • Laundry Features: In Garage, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 850.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Golf, Hiking, Park, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6800.00
  • Lot Size Acres: 0.1561

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Average3 Bed Area: 1792 Square Feet
  • Average Studio Area: 520 Square Feet
  • Gross Income: 70200.00
  • Gross Operating Income: 70200.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6800.0000 Square Feet
  • Net Operating Income: 50850.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 19350.00
  • Rent Control: No
  • Total Expenses: 19350.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Block: 31
  • Tax Census Tract: 106.03
  • Tax Lot: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2019
Closed on
Sep 30, 2019
Sold by
Robison John C and Robison Ann
Bought by
The Lari Limited Partnership
Seller's Agent
Leon Van Beurden
Bay Osos Brokers
Buyer's Agent
Sal Ruiz
BHGRE HAVEN PROPERTIES
List Price
$1,335,000
Sold Price
$1,275,000
Premium/Discount to List
-$60,000
-4.49%
Current Estimated Value
$1,819,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$544,142
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Apr 27, 2006
Sold by
Winkel Sadako
Bought by
Winkel Sadako

Purchase Details

Closed on
Oct 17, 2005
Sold by
Winkel Sadako
Bought by
Winkel Family 1992 Family Bypass Trust

Purchase Details

Closed on
Jul 5, 2005
Sold by
Dunes Mb Sunset Place Llc
Bought by
Winkel Sadako and Winkel Harry
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Lari Limited Partnership $1,275,000 First American Title Company
Winkel Sadako -- None Available
Winkel Family 1992 Family Bypass Trust -- --
Winkel Sadako $1,000,000 First American Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2019 10/03/19 Sold $1,275,000 -4.5% $423 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
09/01/2019 09/01/19 For Sale $1,335,000 +73.4% $443 / Sq Ft
12/18/2012 12/18/12 Sold $770,000 -9.8% $220 / Sq Ft
11/19/2012 11/19/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $854,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,108 $1,394,395 $601,503 $792,892
2024 $14,835 $1,367,055 $589,709 $777,346
2023 $14,835 $1,340,251 $578,147 $762,104
2022 $13,905 $1,313,972 $566,811 $747,161
2021 $13,684 $1,288,209 $555,698 $732,511
2020 $13,544 $1,275,000 $550,000 $725,000
2019 $9,481 $891,203 $375,326 $515,877
2018 $8,860 $833,337 $367,967 $465,370
2017 $8,685 $816,998 $360,752 $456,246
2016 $8,513 $800,979 $353,679 $447,300
2015 $8,382 $788,949 $348,367 $440,582
2014 $7,696 $773,495 $341,543 $431,952
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC19209985

California Regional Multiple Listing Service (CRMLS)

APN: 066-024-023