685 Kings Ave Morro Bay, CA 93442
Estimated payment $10,180/month
Highlights
- Ocean View
- Golf Course Community
- Wood Flooring
- Del Mar Elementary School Rated A-
- 0.43 Acre Lot
- Corner Lot
About This Home
Great investment opportunity in the heights of Morro Bay! This Spanish-style five-unit apartment complex offers incredible potential, featuring one 2-bedroom unit, one studio, and three 1-bedroom apartments. Original hardwood flooring runs through all living rooms, and apartments 1 and 2 offer views of Morro Rock. The front lot, which includes the building, is 13,733 sq. ft., while the rear lot adds an additional 5,000 sq. ft. Combined, the two total approximately 18,733 sq. ft. (0.43 acres), offering a rare opportunity in this highly desirable location. Conveniently located near downtown Morro Bay, with easy access to the highway, and close to Black Hill and the golf course. Whether you’re seeking an income-producing property or a unique renovation project, this is a rare find! Buyer to verify all information and conduct their own due diligence regarding lot size, zoning, and development potential. Agents please see private remarks.
Listing Agent
BHGRE HAVEN PROPERTIES Brokerage Phone: 805-975-5063 License #02166678 Listed on: 04/17/2025
Co-Listing Agent
BHGRE Haven Properties Brokerage Phone: 805-975-5063 License #01760653
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
- 6 Bedrooms
- 5 Bathrooms
Parking
- 5 Parking Spaces
- Parking Available
- Gravel Driveway
Listing and Financial Details
- Assessor Parcel Number 066082049
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Units
- Morro Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Hiking Trails
Building Details
- 5 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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)
MLS Number: SC25082846
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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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