440 Atascadero Road Morro Bay CA 93442 MLS #SC24023835

There are multiple listings for this address:
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 these 13 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 install on 5/22/2024.

Property Details

Price:
$2,400,000
MLS #:
SC24023835
Status:
Active
Baths:
0
Address:
440 Atascadero Road
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Highway 41770
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Jan 28, 2024
State:
CA
ZIP:
93442
Lot Size:
15,939 sqft / 0.37 acres (approx)
Year Built:
1953

Schools

Interior

Exterior

Community Features
Biking, Dog Park, Fishing, Golf, Hiking, Park, Watersports
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Features
Attached Carport
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public

Financial

Association Fee
0.00
Buyer Agent Compensation
2.500
Tenant Pays
None

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

More About JoAnn
440 Atascadero Road
Morro Bay, CA
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 these 13 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 install on 5/22/2024.

Property Details

Price:
$2,400,000
MLS #:
SC24071153
Status:
Active
Baths:
0
Address:
440 Atascadero Road
Type:
Commercial
Subtype:
Commercial/Residential
Subdivision:
Highway 41770
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Jan 27, 2024
State:
CA
ZIP:
93442
Year Built:
1953

Schools

Interior

Exterior

Parking Spots
0.00
Stories Total
1
Water Source
Public

Financial

Buyer Agent Compensation
2.500

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

More About JoAnn
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 these 13 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 install on 5/22/2024.

Property Details

Price:
$2,400,000
MLS #:
SC24071159
Status:
Active
Baths:
0
Address:
440 Atascadero Road
Type:
Commercial
Subtype:
Commercial/Residential
Subdivision:
Highway 41770
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Jan 27, 2024
State:
CA
ZIP:
93442
Year Built:
1953

Schools

Interior

Exterior

Parking Spots
0.00
Stories Total
1
Water Source
Public

Financial

Buyer Agent Compensation
2.500

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

More About JoAnn