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Welcome to Morro Bay where you can still invest and have the numbers make sense. This complex has developed into a very solid, income producing property with EXCELLENT tenants. It is very quiet, no drama, and most of the tenants have been there for years. There was great care in the placement of each tenant over time, and the complex is now a wonderful place to live, and an even more wonderful place to manage. There is plenty of parking and even laundry facilities on site which add to the income. The overhead is very low. Almost none to report. The landscape is very low maintenance and tenants maintain their areas. The building is older, so there have been repairs due to weather over the years, but the owner has kept up with anything that has come up. Prior to the current owner, there had been many modifications over the years to the units. It is hard to know what the original floor plans were, but things have been updated cosmetically, so the older modifications look great. The whole complex is only electric, so the utilities are basic and very low for the tenants. We charge $50 per person for water/trash/sewer as well. This is a great, HUGE lot in what is quickly becoming a very desirable neighborhood.
| Last Updated | 4/5/2025 | Tract | North Morro Bay (820) |
|---|---|---|---|
| Year Built | 1951 | Community | Morro Bay |
| County | San Luis Obispo |
Additional Details
| AREA | Morro Bay |
|---|---|
| HEAT | Electric |
| LOT | 0.28 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | North Morro Bay (820) |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | CIN |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/15/25 12:00 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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