NOT LISTED FOR SALE

2077 Sunset Ave Unit B Morro Bay, CA 93442

7 Beds
4 Baths
3,850 Sq Ft
1951 Built

Last Sold September 18, 2017

Last sale price $1,290,000 $335 Per Sq Ft

15 Days on Market

Highlights

  • Ocean View
  • Del Mar Elementary School Rated A-
  • 10,000 Sq Ft lot

About This Home

As of September 2017

Morro Bay four unit property overlooking the Morro Bay Rock with breathtaking views of the Pacific Ocean. Highlighted by sunset views and views of the coastal region. This property consists of 3,850 square feet of living area in three separate structures on a total of 10,000 square-foot land. The property has recently undergone a comprehensive updates, and offers great curb appeal. Highlights of these improvements include: cosmetic exterior fencing, new landscape features, new mailboxes, solid strand-woven hardwood bamboo floors, Italian-tile floors, white faux wood blinds throughout, newly painted interiors, some units with granite counter tops, new sinks, new faucets, state-of-the-art kitchen appliances.

Last Agent to Sell the Property

Craig Lieberman

The Apt Investment Specialists License #00682741 Listed on: 06/08/2017

The Apt Investment Specialists

Last Buyer's Agent

Nonmember Nonmember

Nonmember Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 10,000 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,850 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 068314021

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,025
  • Trash Expense $480
  • Water Sewer Expense $3,360
  • New Taxes Expense $13,832
  • Operating Expense $25,357
  • Gross Income $96,300
  • Net Operating Income $68,054

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.28
  • Price Per Unit: 322500
  • Property Attached: Yes
  • Subdivision Name Other: Bayshore Village (720)
  • View: Yes
  • Water Sewer Expenses: 3360.00
  • Zoning: 20
  • Property Type: Residential Income
  • Parcel Number: 068314021
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 335.06

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10000.00

Multi Family

  • Gross Income: 96300.00
  • Gross Multiplier: 13.40
  • Gross Scheduled Income: 96300.00
  • Insurance Expense: 2025.00
  • Net Operating Income: 68054.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25357.00
  • Rent Control: No
  • Total Expenses: 25357.00

Tax Info

  • New Taxes Expense: 13832.00
  • Tax Census Tract: 105.03

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2017 09/18/17 Sold $1,290,000 0.0% $335 / Sq Ft
06/08/2017 06/08/17 For Sale $1,290,000 +79.2% $335 / Sq Ft
12/06/2013 12/06/13 Sold $720,000 0.0% $240 / Sq Ft
10/19/2013 10/19/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $720,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP17128885

California Regional Multiple Listing Service (CRMLS)