Sold
2077 Sunset
Morro Bay CA, 93442
$1,600,000
$448.05 per sqft
Sold
3,571 sqft
Multi-family
Built in 1951
Listed by Hal Sweasey with Keller Williams Realty Central Coast 805-773-7777
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.
SC23037389
MLSⓇ ID
March 6, 2023
Listed
March 23, 2024
Updated
Map
2077 Sunset
Morro Bay CA, 93442
Interior Features
Total Stories
2
Laundry Description
Common Area, In Garage
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.23 Acres
Lot Features
Street Level
Sewer
Public Sewer
Other Property Details
Area Name
MRBY - Morro Bay
Days on Market
21
Garage
Yes
Garage Spaces
4
Parking
Assigned
Parking Total
4
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listing Contact: 805-773-7777
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Data last updated on 3/23/2024 at 1:26 AM UTC