Gena Isaacson
Isaacson Realty
(805) 301-1866
27 Total Sales
1 in Morro Bay
$1,185,000 Price
2130 Main St Morro Bay, CA 93442
Morro Bay Area
3
Beds
--
Bath
5,700
Sq Ft
0.28
Acre Lot
Highlights
- 0.28 Acre Lot
- Bike Trail
- Heating Available
- Mountainous Community
- Laundry Facilities
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 12,400 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3 Bedrooms
- 5,700 Sq Ft Home
- 2-Story Property
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2025
Closed on
Jul 9, 2025
Sold by
Bought by
Seller's Agent
Ginger Woods
Paramount Properties
Buyer's Agent
Eli Kantor
Eighty20 Group
List Price
$2,400,000
Sold Price
$1,825,000
Premium/Discount to List
-$575,000
-23.96%
Views
51
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 2022
Sold by
Bought by
Purchase Details
Closed on
Dec 4, 2019
Sold by
Bought by
Purchase Details
Closed on
May 10, 2019
Sold by
Bought by
Purchase Details
Closed on
Jul 25, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
3.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 12, 2017
Sold by
Bought by
Purchase Details
Listed on
Mar 19, 2015
Closed on
Feb 26, 2016
Sold by
Bought by
Seller's Agent
Mike Oliver
Coldwell Banker Premier R.E.
Buyer's Agent
Andrew Richardson
Central Coast Sotheby's International Realty
Sold Price
$835,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,000
Interest Rate
3.81%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 19, 2015
Closed on
Jan 28, 2016
Sold by
Bought by
Seller's Agent
Mike Oliver
Coldwell Banker Premier R.E.
Buyer's Agent
Andrew Richardson
Central Coast Sotheby's International Realty
Sold Price
$835,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,000
Interest Rate
3.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 31, 1997
Sold by
Bought by
Purchase Details
Closed on
Mar 29, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Morro Bay, CA
-
Gena Isaacson
-
Katherine Hudson
Katherine Hudson
SLO Broker & Associates
(805) 321-1873
16 Total Sales
3 in Morro Bay
$825K - $1.9M Price Range
-
Isabel Gerardo
Isabel Gerardo
PB & Associates
(805) 219-7275
106 Total Sales
1 in Morro Bay
$1,300,000 Price
-
Bernadette Corona
Bernadette Corona
RE/MAX Parkside Real Estate
(805) 464-3397
69 Total Sales
5 in Morro Bay
$227K - $950K Price Range
-
Leon Van Beurden
Leon Van Beurden
Bay Osos Brokers
(805) 505-7667
84 Total Sales
11 in Morro Bay
$480K - $1.2M Price Range
-
Michael Puhek
Michael Puhek
Re/Max Success
(805) 329-6189
105 Total Sales
4 in Morro Bay
$260K - $1.4M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,825,000 | Fidelity National Title | ||
| -- | -- | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | First American Title Company | ||
| -- | None Available | ||
| $835,000 | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| $113,000 | First American Title Ins | ||
| -- | First American Title Insuran |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 | ||
| Closed | $850,000 | ||
| Previous Owner | $590,000 | ||
| Previous Owner | $501,000 | ||
| Previous Owner | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,693 | $458,300 | $119,200 | $339,100 |
| 2024 | $4,601 | $458,300 | $119,200 | $339,100 |
| 2023 | $4,170 | $410,400 | $119,200 | $291,200 |
| 2022 | $4,102 | $388,400 | $114,100 | $274,300 |
| 2021 | $3,658 | $346,400 | $114,100 | $232,300 |
| 2020 | $3,630 | $340,500 | $114,100 | $226,400 |
| 2019 | $3,315 | $311,000 | $114,100 | $196,900 |
| 2018 | $3,144 | $291,700 | $104,000 | $187,700 |
| 2017 | $3,144 | $293,600 | $106,100 | $187,500 |
| 2016 | $3,144 | $294,900 | $107,200 | $187,700 |
| 2015 | -- | $300,600 | $102,500 | $198,100 |
| 2014 | -- | $288,800 | $100,200 | $188,600 |
Source: Public Records
Agents Affiliated with this Home
-
Ginger Woods
Seller's Agent in 2025
Ginger Woods
Paramount Properties
(805) 550-8943
6 Total Sales
-
Eli Kantor
Buyer's Agent in 2025
Eli Kantor
Eighty20 Group
(818) 455-6817
5 Total Sales
-
M
Seller's Agent in 2016
Mike Oliver
Coldwell Banker Premier R.E.
-
A
Buyer's Agent in 2016
Andrew Richardson
Central Coast Sotheby's International Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC25074638
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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