440 Atascadero Road
$2,200,000
—
12
4,178
4,178
$527
Description
Price reduced! Historical photos added! This can be your opportunity to purchase 12 residential apartment units and a rentable storage garage in Morro Bay just blocks from the beach. This is a single level building that requires low maintenance, has a shared laundry facility, a dedicated carport parking space for 11 of the 12 units, and it's incredibly convenient location, make this complex desirable for owners and tenants alike. The complex is in close proximity to parks, trails, restaurants, a...Price reduced! Historical photos added! This can be your opportunity to purchase 12 residential apartment units and a rentable storage garage in Morro Bay just blocks from the beach. This is a single level building that requires low maintenance, has a shared laundry facility, a dedicated carport parking space for 11 of the 12 units, and it's incredibly convenient location, make this complex desirable for owners and tenants alike. The complex is in close proximity to parks, trails, restaurants, a gas station, grocery stores, schools, and public transportation, which makes it easy for residents to enjoy the Central Coast lifestyle. Monthly income has remained steady and predictable for years, as these units rent very quickly. There are eleven studio apartments and one 1-bedroom apartment in the complex, and there is also an additional, rentable garage unit (currently rented), which combine to generate solid monthly revenue across the 12 units. Each residential unit is equipped with a separate kitchen, medium-sized refrigerator, range oven, full bathroom, beam ceiling, and a wall heater. Zoned Commercial-Visitor Serving (C-VS) but fully occupied with long-term tenants, this conveniently located parcel sits on Atascadero Road within the city limits of Morro Bay, providing easy access to Highway 41, Highway 101, and scenic Highway 1. Buyers seeking a well located, turnkey income opportunity can look forward to years of successful ownership, while opportunities abound for those considering redevelopment in the near or distant future. As always, please check with Morro Bay Community Development for zoning and building allowances, and act fast. Easy, multi-unit complexes like this one don't last long! New Water Heater installed on 5/22/2024.
- Listed by Aaron Anderson • DRE #01408502 • Brokerage DRE #01408502 • Rock View Realty • aaron@rockviewrealty.com
Property Details for 440 Atascadero Road
Parking Spaces Total
0
Private PoolNo
Total Units13.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4178
Assessor Parcel Number068283032
Property Attached YNtrue
LISTING UPDATED: 10/21/2024 01:15 PM
Property Details for 440 Atascadero Road
Status | Active |
---|---|
MLS # | SC24023835 |
Days on Market | 289 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.37 AC / 15,939 SF |
County | San Luis Obispo County |
Building Information for 440 Atascadero Road
Stories1Residences-Year Built1953Building Size-Lot Size0.37 AC / 15,939 SF
Property Information for 440 Atascadero Road
Property History for 440 Atascadero Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 440 Atascadero Road
Taxable ValueLand$676,260Additions$1,196,460Total$1,872,720
Tax Record2024$20,696 ($1,725 / month)
Home Facts
Total Finished SqFt4,178 SqFtAbove Grade Finished SqFt4,178 SqFtLot Size15,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningCVSCountySAN LUIS OBISPOAPN068-283-032
Schools near 440 Atascadero Road
This home is within San Luis Coastal Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Del Mar Elementary School PublicK to 5 | ||
Los Osos Middle School Public6 to 8 | ||
Morro Bay High School Public9 to 12 | ||
Pacheco Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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