NOT LISTED FOR SALE

700 Bernardo Ave Morro Bay, CA 93442

-- Bed
-- Bath
5,000 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: August 29, 2012

Last sale price $1,060,000 $212 Per Sq Ft

79 Days on Market

About This Home

As of August 2012

Marketing Remarks: Currently, this listing has one SFR, a four-plex and a tri-plex--821 Pacific and 700 to 730 Bernardo. At this time, these buildings are sitting on five legal 25'x128'lots. The seller has gotten permission from the City of Morro Bay to split the lots so each building is on its own lot. If you want to buy just one of the buildings, the lot split will have to be put into effect before escrow can close. One of the conditions is to remove four feet of the garage to the left of the tri-plex and turn it into a storage building or just tear it down completely. The garage in the SFR has been turned into a bedroom and has to be restored to a garage. The City lot split paperwork is attached up in the document section of this listing. The gross rent of the four-plex is $46,227, the tri-plex--$31,500, and the projected rent for the SFR would be $15,600 for a total of $93,327 gross annual return. This is a 7.47% gross return on the investment of $1,249,00

Last Agent to Sell the Property

Janne Reddell

Bayshore Realty License #01193399 Listed on: 02/20/2012

Last Buyer's Agent

Dan Reddell

Bayshore Realty License #01220362

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534

Home Design

  • 5,000 Sq Ft Home
  • Block Foundation
  • Slab Foundation

Additional Features

  • 6,534 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 066000000

Property Details

Home Type

Multi-Family

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Parcel Number: 066000000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 212.00

Exterior Features

  • Foundation: Block, Slab

Utilities

  • Heating Type: Wall Furnace

Lot Info

  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lot Size Area: 0.1500 Acres
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
08/29/2012 08/29/12 Sold $1,060,000 -15.1% $212 / Sq Ft
05/09/2012 05/09/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $1,249,000 -- $250 / 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
2024 $1,528 $140,802 $45,042 $95,760
2022 $1,432 $135,337 $43,294 $92,043
2021 $1,409 $132,685 $42,446 $90,239
2020 $1,395 $131,325 $42,011 $89,314
2019 $1,381 $128,751 $41,188 $87,563
2018 $1,353 $126,228 $40,381 $85,847
2017 $1,327 $123,754 $39,590 $84,164
2016 $1,301 $121,328 $38,814 $82,514
2015 $1,281 $119,506 $38,231 $81,275
2014 $1,176 $117,166 $37,483 $79,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC184942

California Regional Multiple Listing Service (CRMLS)

APN: 066-075-026

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