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$1,510,000
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Property Description
Generations of history in this property! Two legal parcels with two units on each lot! Not far from the embarcadero, with a location that offers a view of Morro Rock from the main residence, and no neighbors across from it to block that view! Zoned Residential Medium Density (RM). Huge potential for future use and incredible charm! Experience the small "community" type of feeling between the structures on these two properties and you will see why it makes sense to buy them together! 1196 Market Ave includes the main home of approximately 1,462± sf. ft. with 3 Bedrooms, 1.75 Baths, built in the early 1900's. 1196 1/2 Market Ave is a quaint cottage of approximately 305± sq. ft. on the backside of the lot with 1 Bedroom, 3/4 Bath and a parking space next to it. There is also a detached garage next to the main house. 1188 Market Ave includes a duplex with each unit offering approximately 832± sq. ft. Unit A & Unit B each offer 2 Bedrooms, a 3/4 Bath and extra large storage closets along the wall that divides the units, with floorplans that mirror each other. There is a long covered front porch with wooden rain gutters, plus a rear patio. The rock wall surrounds the front yard, plus there is a small fenced yard next to the double carport at the rear of the lot. There is a shared driveway, with parking both on and off of the property. Original wood flooring in the main living areas, plus a fireplace and many of the original built-ins in the main house. The original "cooler" cabinet exists on the backside of the kitchen, which is cooled by the subarea space and was originally used to store food. Located only a few blocks from the water, this location is an easy drive down to the pier and restaurants along the Embarcadero, or to Morro Rock and the beach! View the 3D tours of the homes in the link.
Full Property Details
Full Property Details for 1188 1196 Market Ave
General
- Sold For: $1,510,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: NS24176021
- Added to Site: 536 day(s) ago
Interior
- Rooms/Areas: Kitchen, Laundry, Living Room
- Appliances: Water Heater
- Flooring: Vinyl, Wood
Rooms
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 1
- Parking Features: Detached Carport, Garage, On-Site, Uncovered
- Parking: Detached Carport, Garage, On-Site, Uncovered
Location
- Area: MRBY - Morro Bay
- County: San Luis Obispo
- Development Name: MRBY - Morro Bay
- Driving Directions: Near intersection of Market Avenue and Surf Street.
Heating & Cooling
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 3
- # Electric Meters: 4
Structural Information
- Foundation: Raised
- Roof: Composition
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 3,431
- Year Built: 1920
Lot Features
- Property View: Bay, Neighborhood, See Remarks
- Lot Size (Acres): 0.3317
- Lot Size Source: Assessor
- Zoning: RM
- Lot Description: Level
Financial Considerations
- Price Per Sq. Ft.: $440.1
- Price Per Unit: 399750
Disclosures and Reports
- Exclusions: Tenant's belongings.
Listed by Country Real Estate, Inc., Kandie Frederick
Sold by JK Properties, Jeanne Kohlbush
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Schools
Schools serving 1188 1196 Market Ave
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Del Mar Elementary School 501 Sequoia Street, Morro Bay, CA 93442 | K-6 | 1.9 mi |
Los Osos Middle School 1555 El Moro St., Baywood-Los Osos, CA 93402 | 7-8 | 3.6 mi |
Morro Bay High School 235 Atascadero Road, Morro Bay, CA 93442 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1188 1196 Market Ave
Date
Details
Price
Change
Source
10/28/2024
Sold
$1,510,000
-5.57%
MLS
8/24/2024
Listed
$1,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1188 1196 Market Avenue, Morro Bay, CA 93442 (MLS# NS24176021) is a Multi-Family property that was sold at $1,510,000 on October 28, 2024. Want to learn more about 1188 1196 Market Avenue? Do you have questions about finding other Multi-Family real estate for sale in Morro Bay? You can browse all Morro Bay real estate or contact a Coldwell Banker agent to request more information.

