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Kirby Gordon

Kirby K. Gordon
Broker/Attorney
CA BRE Lic#00481105
Gordon & Gordon Real Estate Brokerage
Pismo Beach, CA 93449

805-773-2610

805-441-4794 Cell
Contact Me

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$1,090,000 For Sale

537 Kings Avenue
Morro Bay, CA 93442

3 units | Multi Family Home
9583 sq ft lot - MLS# PI17064677
Property Photo
1/17

Description

Perfect for the investor or owner-occupant with a large owner's unit in the rear with a peek of the ocean and Morro Rock, a smaller two bedroom unit in the middle and a one bedroom unit plus a large laundry and rec room. Small income units that offer this much flexibility are hard to find. The large lot has plenty of parking. One garage was converted to a rec room with bath and with permit (529 square feet) and two others are used for storage. These can be rented for additional income. If you are looking for a 1031 Replacement property this would be a good choice.

Features

  • # of Parking Spaces: 11.00
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4079
  • Building Area Units: Square Feet
  • Carport Spaces: 4.00
  • Common Walls: 2+ Common Walls
  • Community Features: Street Lighting
  • Construction Materials: Stucco, Wood Siding
  • Country: US
  • County/Area: San Luis Obispo County
  • Directions: Quintana Rd. to Kings and go up the hill.
  • Electric Expense: 550
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Flooring: Carpet
  • Foundation Details: Slab
  • Garage Spaces: 4.00
  • Gardener Expense: 1200
  • Gross Income: 70980
  • Gross Multiplier: 15.50
  • Gross Scheduled Income: 70980
  • Heating: Wall Heater, Yes
  • Improvements Amount: 700000
  • Improvements Percent: 64.00
  • Insurance Expense: 1200
  • Interior Features: Balcony, Built-Ins, Ceramic Counters, Tile Counters
  • Land Value: 400000
  • Land Value Percent: 36.00
  • Laundry: Yes
  • Laundry Features: Inside
  • Listing Status: Active
  • Lot Dimensions: 50 x 190
  • Lot Features: Lot 6500-9999, Lot Shape-Rectangular
  • Lot Size Area: 9500.0000
  • Lot Size Source: Owner
  • Lot Size Units: Square Feet
  • Lot SqFt: 9500.436
  • Maintenance Expense: 1950
  • MLS: MR
  • Net Operating Income: 51012
  • New Taxes Expense: 11500
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Operating Expense: 19968.00
  • Operating Expense Percent: 31.00
  • Other Expense: 750
  • Other Expense Description: Bookkeep
  • Parking: Yes
  • Parking Features: Assigned, Carport, Carport Attached, Off Street
  • Parking Spaces: 11.00
  • Property Attached: Yes
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family Home
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Asbestos Shingle, Rolled/Hot Mop
  • Room Type: Gym, Laundry, Recreation
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: Sewer Paid
  • Stories Total: 2
  • Style: Contemporary
  • Sub Type: Multi Family Home
  • Subdivision: Morro Heights (810)
  • Subdivision/Neighborhood: Morro Heights (810)
  • Total Actual Rent: 4945
  • Total Expenses: 19968.00
  • Trash Expense: 1068
  • Uncovered Spaces: 3.00
  • Units: 3
  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 2500
  • Water Source: Public
  • Window Features: Double Pane Windows, Drapes/Curtains, Screens
  • Year Built: 1977
  • Zip Code: 93442
  • Zoning: R1
  • View: Peek-A-Boo,See Remarks, Yes



Kirby Gordon | 805-773-2610 | Contact Me
760 Mattie Road, Suite A1 - Pismo Beach, CA 93449
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