Address
2077 Sunset, Morro Bay, CA
Price
$ 1,600,000
Property Attributes
- MLS#SC23037389
- TypeIncome
- CountySAN LUIS OBISPO
- CityMorro Bay
- AreaMorro Bay
- NeighborhoodBayshore Village
- Zip93442
- StyleQuadruplex
- Price$ 1,600,000
- Bedrooms7
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage3571
- Lot Size10,000 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
Multi-Unit Property consisting of 3 buildings, 5 units total, currently netting over $70K with a cap rate of 4.4. The original structure is a 1951 single level, approx. 640 sq ft Cottage featuring 1 bedroom, 1 bath, updated with all new electrical, plumbing, drywall, LED recessed lighting, bamboo flooring, antique interior doors with new hardware and dual paned windows. The bathroom has been updated with tile floors, new shower enclosure, faucets and antique medicine cabinet and is renting for $1500/month. The 2nd structure built in 1976 consists of 2 units, each 2 stories with 2 bedrooms 1.5 baths, approx 950 sq ft each, featuring a deck, bamboo flooring, tile in the bath, dual paned windows, and each have a single car garage and additional assigned parking space and both rent for $1950/month each. The 3rd structure also built in 1976 consists of an upstairs single level 2 bedroom 1 bath unit approx 750 sqft, featuring a view deck, bamboo floors, dual paned windows, tile in the bath and a garage and rents for $2100/month. An unpermitted Studio was added by the former owner, featuring approx 300 sq ft with a new stove, noise reduction ceiling work, and rents for $1250/month. The middle garage was converted to shared laundry plus storage for the tenants in that structure. Too many upgrades and improvements to mention! Great investment opportunity, or live in one unit and rent out the others for income potential. Ideal location just minutes to the beach, the Embarcadero, great seafood and shopping.
| Price History | |
|---|---|
| 5/22/2023 | Listed $1,600,000 |
General Features
| Community Features | Street Lights |
|---|---|
| Garage Spaces | 4 |
| Garage Y/N | Yes |
| Listing Agent | Hal Sweasey - BRE#01111911 |
| Listing Agent State License | 01111911 |
| Lot Size Square Feet | 10000 |
| MLS Area | MRBY - Morro Bay |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Sub Type Additional | Quadruplex |
| Property SubType | Quadruplex |
| Property Type | Residential Income |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Special Listing Conditions | Standard |
| Status | Active |
| Subdivision Name | Bayshore Village (720) |
| Taxes | 16000 |
| Terms | Cash, Cash to New Loan |
| Total Actual Rent | 105000 |
| Total Units | 5 |
| Water Sewer Expense | 7217 |
Interior Features
| Common Walls | 1 Common Wall |
|---|---|
| Laundry Features | Common Area, In Garage |
Exterior Features
| Lot Features | Street Level |
|---|---|
| Lot Size Acres | 0.2296 |
| Lot Size Area | 10000 |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Number of Buildings | 3 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Water Meters | 4 |
| Parking Features | Assigned |
| Total Parking | 4 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 93442
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of June 6, 2023 12:02 AM UTC 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.
