Property Details
About this Property
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
MLS Listing Information
MLS #
CRSC24023835
MLS Source
California Regional MLS
Days on Site
329
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 13 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
440 Atascadero Rd is a Residential Income in Morro Bay, CA 93442. This – square foot property sits on a 15,939 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,200,000 and was built in 1953. This address can also be written as 440 Atascadero Rd, Morro Bay, CA 93442.
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This listing information is up-to-date as of December 19, 2024. For the most current information, please contact Aaron Anderson, (805) 225-3151
