440 Atascadero Road
Morro Bay, CA 93442
- – beds
- – baths
- – sqft
- 15,939 sqft lot
- 1953 build
- – on site
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.
Last checked:
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Last updated Dec 9, 2024
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MLS# SC24023835 —
The Building
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Year Built:1953
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:4178.00
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Building Area Units:Square Feet
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Total Number Of Units:13
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# of Buildings:2
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Stories Total:1
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Entry Level:1
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Common Walls:2+ Common Walls
Interior
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Levels:One
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Entry Location:under carport
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Laundry:Common Area, Community
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Laundry:1
Location
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Directions:Hwy 1 to the Atascadero Rd / HWY 41 exit. Property is on the right just as you leave Morro Bay.
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Latitude:35.38024900
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Longitude:-120.85358300
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:CVS
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Lot Features:11-15 Units/Acre
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Lot Size Area:15939.0000
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Lot Size Acres:0.3659
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Lot Size SqFt:15939.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:3
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Tax Census Tract:105.05
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Tax Tract:47
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Tax Lot:12
The Listing
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Special Listing Conditions:Standard
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Parcel Number:068283032
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Showings Begin:2024-02-08
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Highway 41(770)
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Subdivision:Highway 41(770)
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Features:Biking, Dog Park, Fishing, Golf, Hiking, Park, Watersports
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Attached Carport
Extra Units
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Average 1 Bed Area:475
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Average Studio Area:331
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Number With Refrigerator:12
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/1/22
Jul 1, 2022
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Sold | BRIDGE | ||
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6/8/19
Jun 8, 2019
|
Sold | BRIDGE | ||
|
2/26/19
Feb 26, 2019
|
Sold | BRIDGE |
