NOT LISTED FOR SALE

831 Pacific St Unit 1-5 Morro Bay, CA 93442

Estimated Value: $1,899,000 - $2,174,000

9 Beds
5 Baths
5,372 Sq Ft
$379/Sq Ft Est. Value

Last Sold March 27, 2013

Last sale price $866,650 $161 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $11,728/month

107 Days on Market

Highlights

  • 0.22 Acre Lot
  • Laundry Room
  • Forced Air Heating System
  • Del Mar Elementary School Rated A-
  • Storage
  • Paved or Partially Paved Lot

About This Home

As of March 2013

Marketing Remarks: Incredible opportunity to own income property in the picturesque seaside village of Morro Bay. One large 3-bedroom owners unit with ocean views and a huge deck, 3 extra large 2-bedroom units, and a studio. Very desirable location, short distance to downtown and the Embarcadero. Always fully rented and room for rent increases. Separate utilities, including water. Property goes street to paved alley with 8 garages, 4 each front and back. Well built and low maintenance, this property is for the investor that appreciates high quality. Owner will carry small second.

Last Agent to Sell the Property

Kevin King

King Properties License #01013696 Listed on: 11/14/2012

King Properties

Last Buyer's Agent

Kirby Gordon

Gordon & Gordon License #00481105

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,563

Year Built

  • Built in 1982

Lot Details

  • 9,714 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Split Level Home
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 5,372 Sq Ft Home
  • Storage
  • Laundry Room

Parking

  • Parking Available
  • Covered Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, water, electricity, cable TV
  • Assessor Parcel Number 066075020

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $64,200
  • Net Operating Income $49,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,563

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Subdivision Name Other: Morro Heights(810)
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 066075020
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage
  • Levels: Multi/Split
  • Price Per Square Foot: 161.33

Exterior Features

  • Foundation: Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered

Utilities

  • Utilities: Phone Connected, Cable Available
  • Laundry: Yes
  • Heating Type: Forced Air

Condo/Co-op/Association

  • Community Features: Sidewalks, Curbs, Street Lights

Lot Info

  • Lot Features: Paved, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 9714.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Gas, Water, Electricity, Cable TV

Multi Family

  • Gross Operating Income: 64200.00
  • Lot Size Area: 0.2200 Acres
  • Net Operating Income: 49888.00
  • Number Of Units Total: 5
  • Operating Expense: 14312.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2014
Sold by
Avila Krisell Jenae and Avila Jenae
Bought by
Avila Krisell Jenae
Current Estimated Value
$2,036,103

Purchase Details

Listed on
Nov 14, 2012
Closed on
Mar 13, 2013
Sold by
Kalman Stuart
Bought by
Avila Jenae
Seller's Agent
Kevin King
King Properties
Buyer's Agent
Kirby Gordon
Gordon & Gordon
List Price
$1,049,000
Sold Price
$866,650
Premium/Discount to List
-$182,350
-17.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Avila Krisell Jenae -- None Available
Avila Jenae $867,000 Fidelity National Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2013 03/27/13 Sold $866,650 -17.4% $161 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
11/14/2012 11/14/12 For Sale $1,049,000 -- $195 / 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 $11,563 $1,067,206 $615,709 $451,497
2024 $11,354 $1,046,282 $603,637 $442,645
2023 $11,354 $1,025,767 $591,801 $433,966
2022 $10,642 $1,005,655 $580,198 $425,457
2021 $10,473 $985,937 $568,822 $417,115
2020 $10,366 $975,828 $562,990 $412,838
2019 $10,258 $956,695 $551,951 $404,744
2018 $10,057 $937,937 $541,129 $396,808
2017 $9,860 $919,547 $530,519 $389,028
2016 $9,667 $901,517 $520,117 $381,400
2015 $9,519 $887,977 $512,305 $375,672
2014 $5,795 $577,171 $201,945 $375,226
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
    Section Image

  • K

    Buyer's Agent in 2013

    Kirby Gordon

    Gordon & Gordon

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SL191525

California Regional Multiple Listing Service (CRMLS)

APN: 066-075-020

California San Luis Obispo County Morro Bay 93442

831 Pacific St Unit 1-5, Morro Bay, CA

This home is located at 831 Pacific St Unit 1-5, Morro Bay, CA 93442 since 14 November 2012 and is currently estimated at $2,036,103, approximately $379 per square foot. This property was built in 1982. 831 Pacific St Unit 1-5 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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