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Closed
- Listed price
- $1,249,000
- Listed Feb 20, 2012
- Sold price
- $1,060,000
- Sold Aug 29, 2012
6,534 sqft lot00|85 days listed
700 Bernardo, Morro Bay, CA 93442
Property Description
Marketing Remarks: Currently, this listing has one SFR, a four-plex and a tri-plex--821 Pacific and 700 to 730 Bernardo. At this time, these buildings are sitting on five legal 25'x128'lots. The seller has gotten permission from the City of Morro Bay to split the lots so each building is on its own lot. If you want to buy just one of the buildings, the lot split will have to be put into effect before escrow can close. One of the conditions is to remove four feet of the garage to the left of the tri-plex and turn it into a storage building or just tear it down completely. The garage in the SFR has been turned into a bedroom and has to be restored to a garage. The City lot split paperwork is attached up in the document section of this listing. The gross rent of the four-plex is $46,227, the tri-plex--$31,500, and the projected rent for the SFR would be $15,600 for a total of $93,327 gross annual return. This is a 7.47% gross return on the investment of $1,249,00
Listing agent: Janne JohnDRE #01193399jjhwy1@aol.com, Listing office: Bayshore Realty
MLS data updated 10/19/2026, 10:52:08 AM PT
Source: CRMLSMLS #: SC184942
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,060,000
Aug 29, 2012
Available records22012
From MLS recordsActual listing and closing events
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No recordNo property-price record in this range.ZIP 93442 · Oct 2026
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