218 Pacific Street, Morro Bay, CA 93442

$795,000
4
BD
3
BA
1,580
SqFt
List Price
$795,000
Status
PENDING
MLS#
SC20091500
Year Built
1946
Bedrooms
4
Bathrooms
3
Living Sq. Ft
1,580
Lot Size
2,800
Acres
0.0643
Lot Location
Landscaped, Near Public Transit
Days on Market
16
Property Type
Single Family Residential
Style
Cottage
Property Sub Type
Triplex
Stories
One Level
Builders Tract Code
Embarcadero(750)
Neighborhood
Embarcadero(750)

Property Description

A 5 Star three-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 three-residence group 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. Comprised of a 2 bedroom 1 bath, and two studio units. All 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. Patios, decks, and large private courtyard encourage an outdoor living environment. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental, full time rental, or the location invites modern 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.

Additional Information

Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Park, Watersports, Preserve/Public Land, Storm Drains, Street Lights
Appliances
Barbecue, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Water Heater
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling Description
None
View
Dunes, Bay, Coastline, Landmark, Marina, Ocean, Panoramic, White Water
Roof
Rolled/Hot Mop
Sewer
Public Sewer
Water
Public
School District
San Luis Coastal Unified
Attached Structure
Attached
Total Number of Units
3

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Frankie Ciano from Ciano Real Estate Inc.

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.