$1,345,500
$1,380,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 09/27/2019
Key Details
Sold Price $1,345,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Morro Bay (820)
MLS Listing ID SC19185147
Sold Date 09/27/19
HOA Y/N No
Year Built 1960
Lot Size 0.330 Acres
Acres 0.33
Property Description
Extremely Rare Beachside 6 Lot Development Opportunity! Three Blocks to the Beach! Two Story Units will have Ocean Views! Currently a 9 Unit single level apartment complex generating approx. $9000/month gross exists on site and occupied (do not disturb)!!! There are 6 Lots separately conveyed on this parcel. This will NOT require a subdivsion map, per City of Morro Bay. Submit separate building applications! Each lot is approx. 2400sqft. Two lots closest to Main street are Zoned MCR which allows an 2nd Unit/ADU. The Other 4 are SFR. New Construction surrounds this property. Two Modern Homes across the street that are just getting going and an adjacent two story home. Also existing on the property not being rented is a two car garage and Covered parking for boat/RV, consider as additional income of $350-450/mth. Lot Size & Bldg Size are estimated. Excellent opportunity to change the landscape of North Morro Bay.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Preserve/Public Land
Total Parking Spaces 2
Private Pool No
Building
Lot Description Level
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 065041020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Trust
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Bought with Steve Allen • Allen, Steve-Broker
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