$ 2,400,000
440 Atascadero Road Morro Bay, CA 93442
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Listed by Aaron Anderson • Rock View Realty
$ 2,400,000
Est. payment /mo
Active
440 Atascadero Road Morro Bay, CA 93442
4,178 SqFt
UPDATED:
04/11/2024 03:29 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,178 sqft
Price per Sqft $574
MLS Listing ID CRSC24071153
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 0.366 Acres
Property Description
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 sceni
Location
State CA
County San Luis Obispo
Interior
Fireplace No
Building
Water Public
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