$2,800,000
$3,390,000
17.4%For more information regarding the value of a property, please contact us for a free consultation.
7,200 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $2,800,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $388
MLS Listing ID CRSC24127971
Sold Date 10/31/24
HOA Y/N No
Year Built 1972
Lot Size 0.331 Acres
Acres 0.33
Property Description
Welcome to your dream investment opportunity in Morro Bay, CA! Nestled close to the Pacific Ocean, the vibrant downtown district, and the Embarcadero, this 9-unit apartment building offers an unparalleled combination of coastal charm and income potential. Embrace the California lifestyle with easy access to white sand beaches and a world class Mediterranean climate. Located in a popular tourist destination, and in close proximity to San Luis Obispo and Paso Robles wine country, the region benefits from strong economics and employment opportunities. The property is situated next to a small shopping center, and is less than one mile from Spencer’s Fresh Markets grocery store and various local favorite restaurants and shops. Just across Highway 1 to the south is the Cloisters Community Park, Morro Bay High School, and access to wide open dunes and beaches. Each of the 9 apartments includes 2 bedrooms and 1 bathroom, offering spacious and comfortable living spaces. Remodeled kitchens and bathrooms feature shaker cabinets, granite counters, dishwashers, and fully equipped appliances. Newer double pane windows, onsite private garages, and separate in-unit laundry ensure convenient living for all. The garages feature automatic openers, power outlets, and large built-in storage cabinet
Location
State CA
County San Luis Obispo
Zoning Neig
Interior
Heating Electric
Cooling None
Fireplace No
Laundry Laundry Closet, Inside
Exterior
View Y/N true
View Hills, Other
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 065072019
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Bought with KevinKing