554 Madera Avenue

Morro Bay, CA 93442

$870,000
Last Sold Price
4
Beds
2
Baths
1,912 Sq. Ft.
$455 / Sq. Ft.
1,912
Sq. Ft.
$455
per Sq. Ft.

Description

Great location, easy walk to downtown Morro Bay and Black Mountain. This two unit complex looks way better than the photos. Each unit has it's own one car garage and laundry. Third garage is rented for $250 per month. Nice back yard and landscaping. Upstairs has tremendous views and down stairs will be vacant January 1. Perfect for an owner occupy.Great location, easy walk to downtown Morro Bay and Black Mountain. This two unit complex looks way better than the photos. Each unit has it's own one car garage and laundry. Third garage is rented for $250 per month. Nice back yard and landscaping. Upstairs has tremendous views and down stairs will be vacant January 1. Perfect for an owner occupy.
  1. Listed by Dean Marchant • DRE #01064170 • Brokerage DRE #01336362 • Morro Shores Real Estate

Property Details for 554 Madera Avenue

View
Ocean
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1912

Location

Listing Courtesy of Morro Shores Real Estate, Dean Marchant, DRE #01064170

Sold By Morro Shores Real Estate, Dean Marchant, DRE #01064170

Add your commute
LISTING UPDATED: 02/05/2022 07:57 AM

Property Details for 554 Madera Avenue

StatusClosed
MLS #SC21235326
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.12 AC / 5,074 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Morro Shores Real Estate, Dean Marchant, DRE #01064170

Sold By Morro Shores Real Estate, Dean Marchant, DRE #01064170

Add your commute

Building Information for 554 Madera Avenue

Stories2Residences-Year Built1978Building Size-Lot Size0.12 AC / 5,074 SF

Payment Calculator

$5,567 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,748

Property Taxes

$819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 554 Madera Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $45,000
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $40,612
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $250
  • Financing: Cash
Expense Details
  • Operating Expense: $4,388
  • Insurance Expense: $968
  • Trash Expense: $0
  • Water Sewer Expense: $3,420
  • Total Expenses: $4,388
Tax / Assessment Info
  • Tax Block: 6
  • Tax Census Tract: 106.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments: None, Buyer to Verify
  • Community Features: Biking, Hiking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Morro Heights
  • Builders Tract Code: Morro Heights (810)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 554 Madera Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 554 Madera Avenue

Taxable ValueLand$433,500Additions$453,900Total$887,400
Tax Record2023$9,822 ($819 / month)
Home Facts
Total Finished SqFt1,912 SqFtAbove Grade Finished SqFt1,912 SqFtLot Size5,000 SqFtStyleDuplexYear Built1978ZoningR1CountySAN LUIS OBISPOAPN066-164-010

Schools near 554 Madera Avenue

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Del Mar Elementary School
PublicK to 5

Los Osos Middle School
Public6 to 8

Morro Bay High School
Public9 to 12

Pacheco Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morro Shores Real Estate, Dean Marchant, DRE #01064170

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.