NOT LISTED FOR SALE

694 Monterey Ave Morro Bay, CA 93442

-- Bed
-- Bath
-- Sq Ft
0.33 Acres

Last Sold July 23, 2013

Last sale price $1,450,000

106 Days on Market

Highlights

  • 0.33 Acre Lot
  • Corner Lot
  • Forced Air Heating System
  • Del Mar Elementary School Rated A-
  • Laundry Room
  • 2-minute walk to Coleman Park

About This Home

As of July 2013

Marketing Remarks: Rare opportunity to own a prime multi-family investment deal just a few blocks from the water and Embarcadero in Morro Bay. Walk to fine dining, shopping and Wharf. Some units have views and all are in good condition. The 1-bedroom and 2-bedroom units have garages and the studios have carports. The 2-bedrooms have a large office which could be utilized as a third bedroom. Includes 690 and 698 Monterey.

Last Agent to Sell the Property

Kevin King

King Properties License #01013696 Listed on: 06/11/2013

King Properties

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Covered Parking
  • On-Site Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace

Community Details

  • 11 Units
  • Laundry Facilities
  • Net Operating Income $84,292

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 066122014

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • CapRate: 5.43
  • Zoning: RMF
  • Property Type: Residential Income
  • Parcel Number: 066122014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two

Exterior Features

  • Foundation: Slab
  • Roof: Shingle, Tar/Gravel

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, On Site

Utilities

  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: Community

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 14501.00
  • Lot Size Acres: 0.3300

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Multiplier: 11.80
  • Lot Size Area: 0.3300 Acres
  • Net Operating Income: 84292.00
  • Number Of Units Total: 11
  • Operating Expense: 46808.00
  • Vacancy Allowance: 3930
  • Vacancy Allowance Rate: 3.00

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
07/23/2013 07/23/13 Sold $1,450,000 -14.7% --
06/19/2013 06/19/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $1,700,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2013

    Kevin King

    King Properties

    (805) 801-0176

    1 in this area

    5 Total Sales

    Kevin King
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SL194249

California Regional Multiple Listing Service (CRMLS)
California San Luis Obispo County Morro Bay 93442

694 Monterey Ave, Morro Bay, CA

This home is located at 694 Monterey Ave, Morro Bay, CA 93442 since 11 June 2013. 694 Monterey Ave is a home located in San Luis Obispo County with nearby schools including Del Mar Elementary School, Los Osos Middle School, and Morro Bay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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