Movoto Real Estate
Search
About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest
Sold on 02/02/2022
  • Map Image
  • Map Image
  • Map Image

554 Madera Ave, Morro Bay, CA 93442

$952,900

Last sold 02/02/2022 for $870K

  • —

    bed

  • —

    bath

Multi-family not for sale
Learn about Morro Bay's top local Real Estate agents

About 554 Madera Ave

Property type Multi-family
Year built 1978
HOA fee $0/month
Lot size 5,074 Sqft
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property 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.
Listed by
Listing Agent - Dean Marchant
Listing Office - Morro Shores Real Estate
Source: CRMLS mls logo
MLS#SC21235326 • last updated 4 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
Status Closed
Lot Size (Acres) 0.1165
Lot Size (SqFt) 5074
Year Built 1978
Interior
Laundry In Garage
Exterior
Building Area Square Feet, 1912
# Uncovered Spaces 3
# Parking Spaces 6
# Garage Spaces 3
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View Ocean
County San Luis Obispo
Community Features Biking, Hiking
Subdivision Morro Heights (810), Morro Heights (810)
Zoning R1
Directions Morro Bay Blvd To Kern To Pacifica, Right On Madera
APN 66164010
Multifamily Details
Operating Expense 4388
Expense: Insurance 968
Total Expenses 4388
Expense: Water/ Sewer 3420
Gross Income 45000
Gross Scheduled Income 45000
$952K
Range: $859K-$1.04M
Last 30 days 
Rental est.: $1,788/month
Gross rent multiplier: 40.6
  • Feb 2022
    Public Records
  • Feb 2, 2022 Sold
    $870,000
  • Feb 2022
    mls logo MLS # SC21235326
  • Feb 2, 2022 Sold
    $870,000 (-3.2%)
  • Dec 5, 2021 Pending
    —
  • Nov 19, 2021 Listed
    $899,000 (+24.0%)
  • Jun 2018
    Public Records
  • Jun 18, 2018 Sold
    $725,000
  • Jun 2018
    mls logo MLS # NS18119440
  • Jun 18, 2018 Sold
    $725,000
  • Jun 18, 2018 Sold
    $725,000
  • May 29, 2018 Pending
    —
  • May 29, 2018 Pending
    —
  • May 11, 2018 Listed
    $725,000
  • May 11, 2018 Listed
    $725,000
  • Year Property taxes Tax assessment
  • 2024
    $10,003 +1.8%
    $905,148 +2.0%
  • 2023
    $9,822 +19.4%
    $887,400
  • 2022
    $8,226 +1.6%
    $887,400 +16.44%
  • 2021
    $8,095 +1.0%
    $762,103 +1.04%
  • 2020
    $8,012 +1.0%
    $754,290
  • 2019
    $7,929 +231.5%
    $754,290 +2.0%
  • 2018
    $2,392 +2.0%
    $739,500 +231.45%
  • 2017
    $2,345 +2.0%
    $223,109 +4.04%
  • 2016
    $2,299 +1.5%
    $214,447
  • 2015
    $2,264
    —
  • 554 Madera Ave
    $870K
  • —
  • 93442
    $849K -22% y/y
  • Morro Bay
    $849K -22% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
7/10
Del Mar Elementary School
public Grades K-5
San Luis Coastal Unified School District
7/10
Los Osos Middle School
public Grades 6-8
San Luis Coastal Unified School District
8/10
Morro Bay High School
public Grades 9-12
San Luis Coastal Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
View homes for sale in 93442, CA
By entering my info and clicking Ask a Question, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Morro Bay, CA

Nearby homes for sale in Morro Bay, CA

Newest listings in 93442

  • Real Estate
  • CA
  • San Luis Obispo County
  • Morro Bay
  • 93442
  • 554 Madera Ave
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.