Morro Bay, CA 93442,2077 Sunset
Morro Bay, CA 93442,2077 Sunset
Morro Bay, CA 93442,2077 Sunset
32
$1,600,000
$1,600,000
Est.Price: ?

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10,001 Sqft Lot

2077 Sunset Morro Bay, CA 93442

Est. payment /mo
SOLD DATE : 06/27/2023

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Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Bayshore Village (720)

MLS Listing ID SC23037389

Sold Date 06/27/23

HOA Y/N No

Year Built 1951

Lot Size 10,001 Sqft

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.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Interior

Fireplace No

Laundry Common Area, In Garage

Exterior

Garage Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 068314021

Energy Description 1125.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Hal Sweasey • Keller Williams Realty Central Coast
Bought with Frankie Ciano • Compass

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772

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