1187 Main, Morro Bay, CA 93442

$1,649,000

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List Price
$1,649,000
Price Change
▼ $50,000 1779843058
Status
ACTIVE
MLS#
NS26053910
Year Built
2006
Lot Size
6,970
Acres
0.16
Lot Location
2-5 Units/Acre
Days on Market
136
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Levels
Neighborhood
Other

Property Description

Prime income property with ocean views in Morro Bay Exceptional mixed-use investment opportunity in one of the most desirable locations in Morro Bay. Ideally situated within walking distance to both the vibrant Morro Bay Embarcadero and charming downtown shops and restaurants, this property offers strong income potential paired with incredible ocean views. The property features three separate units: Upstairs residential unit: Spacious 3-bedroom, 2-bathroom residence featuring a private balcony with stunning ocean and rock views. The living room and kitchen both capture the coastal scenery creating a bright and inviting living space. Commercial office space: Located downstairs, this securely rented office unit has been occupied by a long-term tenant, providing reliable income. Additional Residential Unit: Comfortable 1-bedroom, 1 bath unit offering flexibility for rental income, guest use or extended living. The property also included two 2-car garages, providing dedicated parking and storage for the residential units, an excellent amenity in this sought -after coastal area. Don't miss this rare opportunity to own this versatile income property in the heart of Morro Bay.

Additional Information

Appliances
Convection Oven, Dishwasher, Gas Range
Pool Description
None
Fireplace Description
Gas, Living Room
Heat
Central, Ductless
Cooling Description
None
View
Ocean
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Balcony, Open Floorplan
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$75,960
Operating Expense
4429

Listing courtesy of Listing Agent: Lisa Sokolowski (professionalpm1@gmail.com) from Listing Office: Property Pros.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.