Sherry Ramos

Advisor | License ID: 01271018

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$ 2,800,000

$ 3,390,000 17.4%

Est. payment -/mo

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Sold on 10/31/2024

3100 Main ST Morro Bay, CA 93442

0.33 Acres Lot

UPDATED:

Key Details

Sold Price $2,800,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision North Morro Bay (820)

MLS Listing ID SC24127971

Sold Date 10/31/24

HOA Y/N No

Year Built 1972

Lot Size 0.331 Acres

Property Description

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*

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Zoning Neighborhood Commercial

Rooms

Other Rooms Second Garage

Ensuite Laundry Inside, Laundry Closet

Interior

Interior Features Granite Counters

Laundry Location Inside,Laundry Closet

Heating Electric

Cooling None

Fireplaces Type None

Fireplace No

Appliance Electric Range

Laundry Inside, Laundry Closet

Exterior

Garage Assigned, Garage

Garage Spaces 10.0

Carport Spaces 3

Garage Description 10.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected

View Y/N Yes

View Coastline, Hills

Parking Type Assigned, Garage

Total Parking Spaces 23

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mediterranean

Level or Stories Two

Additional Building Second Garage

New Construction No

Others

Senior Community No

Tax ID 065072019

Energy Description 403.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard, Trust

Listed by Erik Berg-Johansen • Richardson Sotheby's International Realty • 805-538-1828
Bought with Kevin King • King Properties

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

GET MORE INFORMATION

3100 Main ST Morro Bay, CA 93442

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3100 Main ST