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 cabinets. Onsite parking is available in front of each garage, as well as under a car port offering additional spaces. Featuring queen palms, birds of paradise, and succulents, the attractive low maintenance landscaping is on drip irrigation and compliments the building''s vibrant colors and Spanish style architecture. Three ground floor units feature private backyard patios, perfect for outdoor living, bike storage, and gardening. Upstairs units benefit from ocean views, with the largest apartment featuring a spacious balcony that enjoys views of the ocean and Morro Rock. In addition to the 9 apartments, the property includes a well-equipped owner’s workshop and garage complete with access to utilities. Utilize the workshop as your own retreat, or convert the space into an attached Accessory Dwelling Unit (ADU) to further increase income potential and value. There may also be an opportunity to construct two (2) ADUs, bringing the total unit count to 11 (verify with the City of Morro Bay). Don''t miss out on this rare opportunity to own a piece of paradise in one of California''s most desirable and valuable destinations. *CONTACT LISTING OFFICE BEFORE GOING ONSITE*
Property Details
Price:
$3,390,000
MLS #:
SC24127971
Status:
Active Under Contract
Baths:
0
Address:
3100 Main Street
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
North Morro Bay 820
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Apr 26, 2024
State:
CA
ZIP:
93442
Lot Size:
14,400 sqft / 0.33 acres (approx)
Year Built:
1972
See this Listing
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Schools
Interior
Appliances
Electric Range
Cooling
None
Fireplace Features
None
Heating
Electric
Interior Features
Granite Counters
Window Features
Double Pane Windows
Exterior
Community Features
Sidewalks
Electric
Standard
Garage Spaces
10.00
Lot Features
Corner Lot
Parking Features
Assigned, Garage
Parking Spots
23.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Coastline, Hills
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity
Utilities
Sewer Connected
Map
Community
- Address3100 Main Street Morro Bay CA
- AreaMRBY – Morro Bay
- SubdivisionNorth Morro Bay (820)
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
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Courtesy of Richardson Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3100 Main Street
Morro Bay, CA
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