$1,175,000
SOLD JAN 23, 2026

685 Kings Ave Morro Bay, CA 93442

5 Beds
4 Baths
3,066 Sq Ft
0.43 Acres

Recently Sold

$383 Per Sq Ft

33% Below List Price

202 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Wood Flooring
  • Del Mar Elementary School Rated A-
  • 0.43 Acre Lot
  • Corner Lot

About This Home

As of January 2026

This Spanish-style apartment complex in the heights of Morro Bay offers incredible potential, with select apartments featuring views of Morro Rock. The property includes a 13,733 sq. ft. front lot plus an additional 5,000 sq. ft. rear lot, totaling approximately 18,733 sq. ft. (0.43 acres). Ideally located near downtown Morro Bay with easy highway access, and close to Black Hill and the golf course. Buyer to verify all information and conduct their own due diligence.

Last Agent to Sell the Property

Natalie Boudreau White

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-975-5063 License #02166678 Listed on: 04/17/2025

BHGRE HAVEN PROPERTIES

Co-Listed By

Jennine Dunne

BHGRE Haven Properties Brokerage Phone: 805-975-5063 License #01760653

Last Buyer's Agent

Monica King

BHGRE HAVEN PROPERTIES License #01229478

BHGRE HAVEN PROPERTIES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre
  • 066-082-048

Home Design

  • Apartment
  • Entry on the 1st floor
  • Tile Roof

Interior Spaces

  • 3,066 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Living Room with Fireplace
  • Ocean Views
  • Electric Oven
  • Laundry Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Gravel Driveway

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 066082049
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Morro Heights Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Hiking Trails

Building Details

  • 4 Separate Electric Meters
  • Fuel Expense $3,900
  • Gardener Expense $1,740
  • Insurance Expense $5,000
  • Maintenance Expense $135
  • Trash Expense $2,124
  • Water Sewer Expense $7,392
  • Operating Expense $20,474
  • Gross Income $59,580
  • Net Operating Income $39,106

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Water Sewer Expenses: 7392.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1740.00
  • Parcel Number: 066082049
  • Year Built: 1930
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 383.24
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Ocean, Water
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gravel
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Electric Oven
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2124.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Golf, Hiking

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 066-082-048
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 18733.00
  • Lot Size Acres: 0.4301

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 3900.00
  • Gross Income: 59580.00
  • Gross Scheduled Income: 59580.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 18733.0000 Square Feet
  • Maintenance Expense: 135.00
  • Net Operating Income: 39106.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 20474.00
  • Rent Control: No
  • Total Expenses: 20474.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/23/2026 01/23/26 Sold $1,175,000 -16.1% $383 / Sq Ft
11/05/2025 11/05/25 Pending -- -- --
09/24/2025 09/24/25 Price Changed $1,400,000 -11.9% $457 / Sq Ft
06/20/2025 06/20/25 Price Changed $1,589,000 -8.9% $518 / Sq Ft
04/17/2025 04/17/25 For Sale $1,745,000 -- $569 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,606 $148,239 $36,724 $111,515
2024 $1,577 $145,333 $36,004 $109,329
2023 $1,577 $142,485 $35,299 $107,186
2022 $1,478 $139,692 $34,607 $105,085
2021 $1,455 $136,954 $33,929 $103,025
2020 $1,440 $135,551 $33,582 $101,969
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25082846

California Regional Multiple Listing Service (CRMLS)