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Listing 3 out of 46
Sold for $870,000 Sold

420 Napa Avenue
Morro Bay, CA 93442

3 units | Multi Family Home
6599 sq ft - MLS# PI19051390
Property Photo

Sold

Sold for $870,000 on Apr 18, 2019

Description

Clean triplex in a great Morro Bay location close to downtown. Each unit features 2 bedrooms and 1 bath with a one car garage. Individual laundry areas are located in each of the three units. All units are separately metered for water, electrical and gas. One unit is downstairs and 2 units are upstairs. The downstairs unit has a small backyard. Roof was replaced in 2015 and exterior paint in 2017. There is a separate 2 car garage in front of the lot that is currently being used as an art studio. Rock and ocean views from one upstairs unit and an ocean view from the deck in the other upstairs unit.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $900,000
  • Zip Code: 93442
  • Year Built: 1976
  • Subdivision/Neighborhood: Morro Heights (810)
  • Units: 3 units
  • # of Parking Spaces: 3.00
  • Lot Size: 6599 sq ft
  • View: Ocean, Yes
  • Zoning: RMF
  • Area: MRBY - Morro Bay
  • Average 2 Bed Area: 965
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2894.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.00
  • Common Walls: 2+ Common Walls, No One Below
  • Community Features: Suburban
  • Country: US
  • Directions: Heading north on Main St, turn right on Olive, left on Napa, property is on the right
  • Flooring: Carpet, Laminate
  • Garage Spaces: 3.00
  • Gardener Expense: 700.00
  • Gross Income: 45970.00
  • Gross Scheduled Income: 55800.00
  • Heating: Forced Air
  • Heating YN: Yes
  • Insurance Expense: 1200.00
  • Laundry Features: In Kitchen
  • Laundry YN: Yes
  • Listing Agent License: 00961923
  • Listing Office License: 00961923
  • Lot Features: Lot 6500-9999
  • Lot Size Area: 6600.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 36270.00
  • New Taxes Expense: 9000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Operating Expense: 19530.00
  • Other Expense: 4730.00
  • Parking Features: Converted Garage, Garage, On Site
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Selling Agent: Sandy Rowe
  • Selling Agent License: 01059926
  • Selling Office: Bhgre Haven Properties
  • Selling Office License: 01935192
  • Sewer: Public Sewer
  • Total Actual Rent: 4450.00
  • Total Expenses: 19530.00
  • Trash Expense: 500.00
  • Water Source: Public
  • Year Built Source: Public Records
  • Sold Date: 2019-04-18 00:00:00
  • Sold Price: 870000.00
Courtesy of Allan Real Estate Investments, Dennis Allan



Mary Mitchell | 805-550-7168 | Email Me
1015 Nipomo Street, Suite #230 - San Luis Obispo, CA 93401
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