440 Atascadero Road

Morro Bay, CA 93442

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,178 Sqft
  • 15939
    Sqft(Lot)
$2,200,000

Description

Price reduced! historical photos added! this can be your opportunity to purchase 12 residential apartment units and a rentable storage garage in morro bay just blocks from the beach. this is a single level building that requires low maintenance, has a shared laundry facility, a dedicated carport parking space for 11 of the 12 units, and it's incredibly convenient location, make this complex desirable for owners and tenants alike. the complex is in close proximity to parks, trails, restaurants, a gas station, grocery stores, schools, and public transportation, which makes it easy for residents to enjoy the central coast lifestyle. monthly income has remained steady and predictable for years, as these units rent very quickly. there are eleven studio apartments and one 1-bedroom apartment in the complex, and there is also an additional, rentable garage unit (currently rented), which combine to generate solid monthly revenue across the 12 units. each residential unit is equipped with a separate kitchen, medium-sized refrigerator, range oven, full bathroom, beam ceiling, and a wall heater. zoned commercial-visitor serving (c-vs) but fully occupied with long-term tenants, this conveniently located parcel sits on atascadero road within the city limits of morro bay, providing easy access to highway 41, highway 101, and scenic highway 1. buyers seeking a well located, turnkey income opportunity can look forward to years of successful ownership, while opportunities abound for those considering redevelopment in the near or distant future. as always, please check with morro bay community development for zoning and building allowances, and act fast. easy, multi-unit complexes like this one don't last long! new water heater installed on 5/22/2024.

  • Property Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    San Luis Obispo

  • Style

    Residential Income

  • AD ID

    45841113

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1953
    • Building Area Total: 4,178

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3659
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 15939

  • Listing Price Information

    • Original List Price: 2,200,000
    • Listing Contract Date: 2024-01-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 068283032

  • Garage and Parking

    • Garage Description: Attached Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: MRBY - Morro Bay
    • Postal Code Plus 4: 1698
    • Directions: Hwy 1 to the Atascadero Rd / HWY 41 exit. Property is on the right just as you leave Morro Bay.
    • Zoning: CVS
    • Source Property Type: Residential Income
    • Area: MRBY - Morro Bay
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 72
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: under carport
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 01/04/2025 @ 18:03

  • MLS: SC24023835
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,178 sqft, 15,939 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Morro Bay , in zip code 93442, this San Luis Obispo County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.