NOT LISTED FOR SALE

310 San Jacinto St Morro Bay, CA 93442

Estimated Value: $186,000 - $232,000

5 Beds
10 Baths
4,150 Sq Ft
$50/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2024

Last sale price $1,830,000 $441 Per Sq Ft

Current estimated payment $3,306 / mo

7 Days on Market

Highlights

  • Ocean View
  • 0.23 Acre Lot
  • Corner Lot
  • Del Mar Elementary School Rated A-
  • Fireplace in Bathroom
  • No HOA

About This Home

As of January 2024

Showings only with accepted offer. Units are occupied, please do not walk on property. Also sold separately is the vacant Residential Medium Zone lot next door at 2884 Alder. Welcome to 310 San Jacinto, the iconic Morro Bay Sand Dollar Apartments totaling six buildings with 11 units consisting of 12 "bedrooms" (5 are studios) and 10 bathrooms, a detached laundry room and 3 car garage. First time sold ever, fully occupied except for one empty studio. The estimated square footage is 4150 not including the laundry room and garages. The year built is estimated to be 1953 and it is on a quarter-acre lot. Renovate one building at a time while collecting rental income. This listing includes 310 San Jacinto which is an owners unit that has 2 bedrooms/1 bath and is approximately 650 square feet and has a privacy locked door to 311 San Jacinto the empty studio with its own exterior entrance. 2898 and 2896 Alder are approximately 300 square foot studios. 2894 and 2892 Alder are 1 bedroom/1 bath units estimated at 400 square feet each. 312 and 314 San Jacinto are studios with an estimated 300 square feet. 2890 A, B and C are one bedroom plus lofts (no bedroom doors) estimated at 400 square feet each. Long time tenants are on month to month leases. There is a common area courtyard. All windows are newer, a couple are cracked. Units have deferred maintenance, some exterior wood and roofs need replacing. Some interiors have been remodeled beautifully, some need updating including electrical and plumbing. All reports are available in listing supplements. Re-Zoned RM. Also available is the lot next door under a separate land listing. It is 2884 Alder with a 4000 square foot lot parcel number 068-212-016. All square footage and information is estimated, buyer to verify. Huge upside potential, currently below market rents. Current rental income is low at $10,490/mo. Projected rental income with renovation is $21,500/mo. All rental amounts include utilities as units do not have separate meters although buildings do. 1967 Old Permits and survey on file.

Last Agent to Sell the Property

Kathleen Scruton

Real Estate eBroker Inc. License #01321040 Listed on: 12/01/2023

Last Buyer's Agent

Benjamin Tilbury

NextHome Central Coast License #02026424

NextHome Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1953

Lot Details

  • 10,000 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Corner Lot
  • Rectangular Lot
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage
  • On-Street Parking

Property Views

  • Ocean
  • Coastline
  • Peek-A-Boo

Home Design

  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Flat Tile Roof
  • Wood Siding

Interior Spaces

  • 4,150 Sq Ft Home
  • 1-Story Property
  • Formica Countertops
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 10 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Outbuilding
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 1 / 15
  • Assessor Parcel Number 068212015
  • $235 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 11 Units
  • North Morro Bay Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 10 Leased Units
  • Rent Control
  • Electric Expense $4,612
  • Fuel Expense $3,118
  • Maintenance Expense $13,719
  • Other Expense $8,064
  • Professional Management Expense $11,014
  • Trash Expense $3,024
  • Water Sewer Expense $8,064
  • Operating Expense $43,553
  • Gross Income $110,095
  • Net Operating Income $67,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,284

Year Built

Built in 1953

Lot Details

10,000 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 11014.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Morro Bay (820)
  • View: Yes
  • Water Sewer Expenses: 8064.00
  • Zoning: R4
  • Architectural Style: Ranch
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 068212015
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 440.96

Exterior Features

  • Foundation: Slab
  • Other Structures: Outbuilding
  • View: Coastline, Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat Tile
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3024.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Corner Lot, Rectangular Lot
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2296

Rental Info

  • Tenant Pays: None, Cable TV

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average2 Bed Area: 650 Square Feet
  • Average Studio Area: 300 Square Feet
  • Electric Expense: 4612.00
  • Fuel Expense: 3118.00
  • Gross Income: 110095.00
  • Gross Operating Income: 110095.00
  • Gross Scheduled Income: 110095.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1047.70
  • Lot Size Area: 10000.0000 Square Feet
  • Maintenance Expense: 13719.00
  • Net Operating Income: 67589.00
  • Number Of Rented Garages: 3
  • Number Of Units Leased: 10
  • Number Of Units Total: 11
  • Number With Carpet: 11
  • Number With Dishwasher: 1
  • Number With Range: 11
  • Number With Refrigerator: 11
  • Operating Expense: 43553.00
  • Other Expense: 8064.00
  • Other Expense Description: Sewage
  • Rent Control: Yes
  • Total Actual Rent: 10490.00
  • Total Expenses: 43553.00

Tax Info

  • Tax Block: 15
  • Tax Lot: 1
  • Tax Rate: 1.10
  • Tax Annual Amount: 2284.00
  • Tax Year: 2023
  • TaxOtherAnnualAssessmentAmount: 235.24

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

Closed on
Sep 25, 2025
Sold by
Bought by
Current Estimated Value
$578,000

Purchase Details

Listed on
Dec 1, 2023
Closed on
Jan 4, 2024
Sold by
Bought by
Seller's Agent
Kathleen Scruton
Real Estate eBroker Inc.
Buyer's Agent
Benjamin Tilbury
NextHome Central Coast
List Price
$1,600,000
Sold Price
$1,830,000
Premium/Discount to List
$230,000
14.38%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-57.87%

Purchase Details

Closed on
Jun 16, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$147,000 None Listed On Document
$200,000 Placer Title
-- None Available
-- --
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
01/09/2024 01/09/24 Sold $1,830,000 +14.4% $441 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $1,600,000 -- $386 / Sq Ft
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 $2,210 $204,000 $204,000 --
2024 $1,045 $200,000 $200,000 --
2023 $1,045 $94,418 $82,860 $11,558
2022 $980 $92,568 $81,236 $11,332
2021 $964 $90,754 $79,644 $11,110
2020 $954 $89,825 $78,828 $10,997
2019 $944 $88,065 $77,283 $10,782
2018 $926 $86,339 $75,768 $10,571
2017 $908 $84,647 $74,283 $10,364
2016 $890 $82,988 $72,827 $10,161
2015 $876 $81,743 $71,734 $10,009
2014 $805 $80,142 $70,329 $9,813
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC23215882

California Regional Multiple Listing Service (CRMLS)

APN: 068-212-016

Your Personal Tour Guide

Ask me questions while you tour the home.