$585,000
$595,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
238 -240 Pacific ST Morro Bay, CA 93442
3,049 Sqft Lot
Key Details
Sold Price $585,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Embarcadero(750)
MLS Listing ID SC20091674
Sold Date 06/16/20
Construction Status Turnkey
HOA Y/N No
Year Built 1930
Lot Size 3,049 Sqft
Property Description
A 5 Star two-unit residential complex overlooking picturesque Morro Bay harbor, Embarcadero, and Rock. An incredible sited parcel conveniently close to world-class dining, Marina Square, shopping, beaches, and downtown. Only a half block to the Embarcadero and harbor. This duplex offers a true coastal hideaway of unsurpassed natural beauty. Individually licensed as Vacation Rentals with increasing monthly year over year income. Immediate receivable 2020 cash flow with future booked reservations. Two residences each comprised of 1 bedroom and 1 bathroom. Both refreshed from floor to ceiling, carefully furnished, and being enjoyed daily by vacationers from around the globe. Each residence offers comfortable living, bedroom space and full kitchen, and decks which encourage an outdoor living environment. 2 onsite parking spaces. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental, long term rental or the location invites potential for redevelopment. A Premier Partner on VRBO and Superhost on Airbnb. This offering has a great track record and is a growing turn-key business opportunity for those looking to invest in a property with expanding future potential.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Interior
Interior Features Furnished, Living Room Deck Attached, All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Barbecue, Dishwasher, Microwave, Refrigerator, Water Heater
Laundry Common Area
Exterior
Parking Features Assigned, Paved, One Space
Fence Vinyl, Wood
Pool None
Community Features Biking, Curbs, Dog Park, Foothills, Fishing, Golf, Gutter(s), Hiking, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Water Sports
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Highway
View Y/N Yes
View Bay, Coastline, Landmark, Marina
Roof Type Composition
Accessibility Parking
Private Pool No
Building
Lot Description Landscaped, Near Public Transit
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 066301017
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Chris Langley • Ciano Real Estate Inc.