Morro Bay, CA 93442 685 Kings Ave
$1,745,000
58 more
Presented By: Natalie Boudreau White with BHGRE HAVEN PROPERTIES; 805-975-5063
Beds • 6
Baths • 5
SQFT • 3,066
Year Built • 1930
Home Details
Great investment opportunity in the heights of Morro Bay! This Spanish-style five-unit apartment complex offers incredible potential, featuring one 2-bedroom unit, one studio, and three 1-bedroom apartments. Original hardwood flooring runs through all living rooms, and apartments 1 and 2 offer views of Morro Rock. The front lot, which includes the building, is 13,733 sq. ft., while the rear lot adds an additional 5,000 sq. ft. Combined, the two total approximately 18,733 sq. ft. (0.43 acres), offering a rare opportunity in this highly desirable location. Conveniently located near downtown Morro Bay, with easy access to the highway, and close to Black Hill and the golf course. Whether you’re seeking an income-producing property or a unique renovation project, this is a rare find! Buyer to verify all information and conduct their own due diligence regarding lot size, zoning, and development potential. Agents please see private remarks.
Presented By: Natalie Boudreau White with BHGRE HAVEN PROPERTIES; 805-975-5063
Interior Features for 685 Kings Ave
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringLaminate, Wood
Heating Y/NNo
Interior AmenitiesBeamedCeilings
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 685 Kings Ave
Additional Parcels Description066-082-048
Additional Parcels Y/NYes
AppliancesElectricOven
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityMorro Bay
Community FeaturesGolf, Hiking
CoolingNone
CountySan Luis Obispo
DirectionsOn the corner of Kings & Las Tunas
Electric On Property Y/NNo
Entry Location1
Fuel Expense3900.0
Garage Spaces0.0
Garage Y/NNo
Gross Income59580.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Submit
Lot Size Square Feet18733.0
Lot Size UnitsSquareFeet
MLS AreaMRBY - Morro Bay
MaintenanceExpense135.0
MobileHomeRemainsYNNo
Net Operating Income39106.0
New ConstructionNo
Number Of Units Total5
Operating Expense20474.0
Pool FeaturesNone
PossessionNegotiable
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofTile
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories1
Subdivision NameMorro Heights (810)
Tenant PaysElectricity
Trash Expense2124.0
UtilitiesSewerConnected, WaterConnected
ViewOcean, Water
Water Sewer Expense7392.0
Waterfront Y/NNo
Year Built1930
Year Built SourceAssessor
Exterior for 685 Kings Ave
Building Area Total3066.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, CornerLot
Lot Size Acres0.4301
Lot Size Area18733.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesGravel
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,745,000
MLS#SC25082846
List Date
04/17/2025
Property Type
Multi-Family
Phone
(562) 818-1655
