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Sold for $1,510,000
  • Listed by: Country Real Estate • Kandie Frederick • Contact: 805-878-2225
    Bought with: JK Properties
    $1,510,000

    1188-1196 Market Ave, Morro Bay, CA 93442

    8beds
    5baths
    3,431sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $1,577,300 Zestimate®
    $440/sqft
    $3,067 Estimated rent

    Home value

    $1,577,300

    $1.42M - $1.75M

    $3,067/mo

    Zestimate® history
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    What's special

    Generations of history in this property! Two legal parcels with two units on each lot! Not far from the embarcadero, with a location that offers a view of Morro Rock from the main residence, and no neighbors across from it to block that view! Zoned Residential Medium Density (RM). Huge potential for future use and incredible charm! Experience the small “community” type of feeling between the structures on these two properties and you will see why it makes sense to buy them together! 1196 Market Ave includes the main home of approximately 1,462± sf. ft. with 3 Bedrooms, 1.75 Baths, built in the early 1900’s. 1196 1/2 Market Ave is a quaint cottage of approximately 305± sq. ft. on the backside of the lot with 1 Bedroom, 3/4 Bath and a parking space next to it. There is also a detached garage next to the main house. 1188 Market Ave includes a duplex with each unit offering approximately 832± sq. ft. Unit A & Unit B each offer 2 Bedrooms, a 3/4 Bath and extra large storage closets along the wall that divides the units, with floorplans that mirror each other. There is a long covered front porch with wooden rain gutters, plus a rear patio. The rock wall surrounds the front yard, plus there is a small fenced yard next to the double carport at the rear of the lot. There is a shared driveway, with parking both on and off of the property. Original wood flooring in the main living areas, plus a fireplace and many of the original built-ins in the main house. The original “cooler” cabinet exists on the backside of the kitchen, which is cooled by the subarea space and was originally used to store food. Located only a few blocks from the water, this location is an easy drive down to the pier and restaurants along the Embarcadero, or to Morro Rock and the beach! View the 3D tours of the homes in the link.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kandie Frederick DRE #01358589 805-878-2225,

    Country Real Estate

    Bought with:

    Jeanne Kohlbush, DRE #01406976

    JK Properties

    Source: CRMLS,MLS#: NS24176021MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    Rooms
    • Room types: Kitchen, Laundry, Living Room
    Heating
    • Wall Furnace
    Appliances
    • Included: Water Heater
    • Laundry: Inside
    Features
    • Flooring: Vinyl, Wood
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,431
    • Total interior livable area: 3,431 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached Carport, Garage, On Site, Uncovered
    • Garage spaces: 1
    • Carport spaces: 2
    • Covered spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    • Has view: Yes
    • View description: Bay, Neighborhood
    • Has water view: Yes
    • Water view: Bay
    Lot
    • Size: 0.33 Acres
    • Features: Level
    Details
    • Additional parcels included: 066037002
    • Parcel number: 066037001
    • Zoning: RM
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Foundation: Raised
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Urban
    • Subdivision: Town Of El Morro(830)
    Location
    • Region: Morro Bay

    Financial & listing details

    • Price per square foot: $440/sqft
    • Date on market: 8/24/2024
    • Cumulative days on market: 33 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    • Exclusions: Tenant's belongings.
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/28/2024Sold$1,510,000-5.6%$440/sqft
    Source: CRMLS #NS24176021 Report a problem
    9/27/2024Pending sale$1,599,000$466/sqft
    Source: CRMLS #NS24176021 Report a problem
    8/25/2024Listed for sale$1,599,000$466/sqft
    Source: CRMLS #NS24176021 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 93442

    Nearby schools

    GreatSchools rating
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    $1,608,846