NOT LISTED FOR SALE

345 Las Vegas St Morro Bay, CA 93442

5 Beds
3 Baths
2,368 Sq Ft
5,000 Sq Ft Lot Lot

Sale Details

Date Sold: September 30, 2022

Last sale price $1,020,000 $431 Per Sq Ft

17 Days on Market

Highlights

  • Laundry Room
  • Del Mar Elementary School Rated A-
  • Bike Trail

About This Home

As of September 2022

Well kept Triplex in North Morro Bay. Unit #C - Front house is single level 2 bedroom 1 bath house with own laundry room and carport. Unit #B -Upstairs Back unit with 2 bedroom 1 bath and 2 car garage below. Unit #A - Downstairs back unit is a 1 bedroom 1 bath with parking for 2 cars at side of unit at back of driveway. Please view the photos attached to view the interior of each units. Nicely kept up property and easy access to all of Morro Bay. Viewing inside of each unit is subject to an accepted offer only. Please do not walk on property or disturb the tenants, even if you see them outside.

Last Agent to Sell the Property

Lorraine Sterkel

Horizon Realty & Property Mgt License #00648760 Listed on: 08/05/2022

Last Buyer's Agent

Bob Bennett

Horizon Realty & Property Mgt License #01875031

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Rural Setting
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway Level

Home Design

  • 2,368 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Gas Range
  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 27 / 2
  • Tax Tract Number 1
  • Assessor Parcel Number 068332027

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • North Morro Bay Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Pest Control $600
  • Professional Management Expense $5,280
  • Trash Expense $1,176
  • Water Sewer Expense $3,072
  • New Taxes Expense $10,500
  • Operating Expense $22,128
  • Gross Income $53,400
  • Net Operating Income $31,272

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

5,000 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5280.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: North Morro Bay (820)
  • Water Sewer Expenses: 3072.00
  • Zoning: R1
  • Property Type: Residential Income
  • Parcel Number: 068332027
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 430.74

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway Level
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Water Heater
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1176.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 50.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 31272.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 2
  • Operating Expense: 22128.00
  • Rent Control: Yes
  • Total Actual Rent: 4400.00
  • Total Expenses: 22128.00

Tax Info

  • New Taxes Expense: 10500.00
  • Tax Block: 2
  • Tax Census Tract: 105.05
  • Tax Lot: 27
  • Tax Tract Number: 1
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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 List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $1,020,000 -2.9% $431 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $1,050,000 -- $443 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,498 $1,061,208 $520,200 $541,008
2024 $11,290 $1,040,400 $510,000 $530,400
2023 $11,290 $1,020,000 $500,000 $520,000
2022 $2,806 $265,149 $66,970 $198,179
2021 $2,761 $259,951 $65,657 $194,294
2020 $2,733 $257,286 $64,984 $192,302
2019 $2,705 $252,242 $63,710 $188,532
2018 $2,652 $247,297 $62,461 $184,836
2017 $2,600 $242,449 $61,237 $181,212
2016 $2,549 $237,696 $60,037 $177,659
2015 $2,510 $234,127 $59,136 $174,991
2014 $2,305 $229,542 $57,978 $171,564
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22172870

California Regional Multiple Listing Service (CRMLS)

APN: 068-332-027

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