Seller's Agent in 2025
Ginger Woods
Paramount Properties
(805) 550-8943
1 in this area
7 Total Sales
2130 Main St Morro Bay, CA 93442
3
Beds
--
Bath
5,700
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Laundry Room
- Bike Trail
- Del Mar Elementary School Rated A-
- Mountainous Community
- Heating Available
About This Home
As of August 2025Welcome to Morro Bay where you can still invest and have the numbers make sense. This complex has developed into a very solid, income producing property with EXCELLENT tenants. It is very quiet, no drama, and most of the tenants have been there for years. There was great care in the placement of each tenant over time, and the complex is now a wonderful place to live, and an even more wonderful place to manage. There is plenty of parking and even laundry facilities on site which add to the income. The overhead is very low. Almost none to report. The landscape is very low maintenance and tenants maintain their areas. The building is older, so there have been repairs due to weather over the years, but the owner has kept up with anything that has come up. Prior to the current owner, there had been many modifications over the years to the units. It is hard to know what the original floor plans were, but things have been updated cosmetically, so the older modifications look great. The whole complex is only electric, so the utilities are basic and very low for the tenants. We charge $50 per person for water/trash/sewer as well. This is a great, HUGE lot in what is quickly becoming a very desirable neighborhood.
Last Agent to Sell the Property
Paramount Properties Brokerage Phone: 805-550-8943 License #01410200 Listed on: 04/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Split Level Home
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3 Bedrooms
- 5,700 Sq Ft Home
- 2-Story Property
- Laundry Room
Utilities
- Heating Available
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Legal Lot and Block 5 / 1
- Tax Tract Number 47
- Assessor Parcel Number 068281024
Community Details
Overview
- 8 Units
- North Morro Bay Subdivision
- Mountainous Community
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 8 Leased Units
- 7 Separate Electric Meters
- Electric Expense $1,200
- Insurance Expense $5,725
- Maintenance Expense $6,000
- Other Expense $3,600
- Professional Management Expense $3,500
- Trash Expense $2,000
- Water Sewer Expense $8,500
- Operating Expense $30,525
- Gross Income $169,480
- Net Operating Income $136,455
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Sold | $1,825,000 | -1.4% | $320 / Sq Ft |
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 06/28/2025 06/28/25 | Price Changed | $1,850,000 | -17.8% | $325 / Sq Ft |
| 04/26/2025 04/26/25 | Price Changed | $2,250,000 | -6.3% | $395 / Sq Ft |
| 04/05/2025 04/05/25 | For Sale | $2,400,000 | +187.4% | $421 / Sq Ft |
| 03/08/2016 03/08/16 | Sold | $835,000 | -- | $147 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ginger Woods
-
Eli Kantor
Buyer's Agent in 2025
Eli Kantor
Eighty20 Group
(818) 455-6817
1 in this area
3 Total Sales
-
M
Seller's Agent in 2016
Mike Oliver
Coldwell Banker Premier R.E.
-
A
Buyer's Agent in 2016
Andrew Richardson
.Richardson Sotheby's International Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC25074638
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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