NOT LISTED FOR SALE

464 Morro Bay Blvd Morro Bay, CA 93442

Morro Bay Area

Estimated Value: $1,008,089

1 Bed
1 Bath
8,810 Sq Ft
$114/Sq Ft Est. Value

Sale Details

Date Sold: October 26, 2023

Last sale price $1,400,000 $159 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $6,654 / mo

25 Days on Market

Highlights

  • Central Heating
  • 1-Story Property
  • 1-minute walk to Coleman Park
  • Del Mar Elementary School Rated A-

About This Home

As of October 2023

Entertain, Live, Play in the very heart of downtown Morro Bay at the beautiful Bay Theatre! The 800 sqft one bedroom apartment, the two-car garage, the additional 520 sqft open space above the garage (possible office rental), and the keystone feature - the 314 seat Bay Theatre - are all ready for new ownership. Originally built by the Army Corp of Engineers in 1942, the current ownership for the past 38 years has been a marvelous steward of this "Rock" solid beauty. Very well maintained and cared for, everything is in place to take advantage of multiple income streams, including the apartment, which can be used as a long-term or short-term vacation rental.

Last Agent to Sell the Property

Thomas Barket

The Barket Brokerage License #02037199 Listed on: 07/10/2023

Last Buyer's Agent

Frankie Ciano

Ciano Real Estate, Inc. License #01412309

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 8,810 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 8,810 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Central Heating
  • Natural Gas Connected

Community Details

  • 2 Buildings
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 066121013

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

8,810 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: CC
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 066121013
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 158.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8810.00
  • Lot Size Acres: 0.2022

Multi Family

  • Lot Size Area: 8810.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Control: No

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
Jul 10, 2023
Closed on
Oct 16, 2023
Sold by
Bought by
Seller's Agent
Thomas Barket
The Barket Brokerage
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$1,625,000
Sold Price
$1,400,000
Premium/Discount to List
-$225,000
-13.85%
Views
145
Current Estimated Value
$1,008,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$391,911
Avg. Annual Appreciation
-11.18%
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2023
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.
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Fidelity National Title
$1,000,000 Fidelity National Title
-- --
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
Closed --
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
10/26/2023 10/26/23 Sold $1,400,000 -13.8% $159 / Sq Ft
08/05/2023 08/05/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $1,625,000 -- $184 / 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
2026 $13,491 $1,248,480 $520,200 $728,280
2025 $13,262 $1,224,000 $510,000 $714,000
2024 $4,698 $1,200,000 $500,000 $700,000
2023 $4,698 $424,392 $109,870 $314,522
2022 $4,403 $416,071 $107,716 $308,355
2021 $4,333 $407,913 $105,604 $302,309
2020 $4,289 $403,732 $104,522 $299,210
2019 $4,244 $395,817 $102,473 $293,344
2018 $4,161 $388,057 $100,464 $287,593
2017 $4,079 $380,449 $98,495 $281,954
2016 $3,999 $372,990 $96,564 $276,426
2015 $3,938 $367,388 $95,114 $272,274
2014 $3,616 $360,192 $93,251 $266,941
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC23122152

California Regional Multiple Listing Service (CRMLS)

APN: 066-121-013

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