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Morro Bay, CA 93442,238 -240 Pacific ST
Morro Bay, CA 93442,238 -240 Pacific ST
Morro Bay, CA 93442,238 -240 Pacific ST
$585,000
Est. payment /mo
$595,000
1.7%
Est.Price: ?

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3,049 Sqft Lot
SOLD DATE : 06/16/2020

Key Details

Sold Price $585,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Embarcadero(750)

MLS Listing ID SC20091674

Year Built 1930

Lot Size 3,049 Sqft

Property Description

A 5 Star two-unit residential complex overlooking picturesque Morro Bay harbor, Embarcadero, and Rock. An incredible sited parcel conveniently close to world-class dining, Marina Square, shopping, beaches, and downtown. Only a half block to the Embarcadero and harbor. This duplex offers a true coastal hideaway of unsurpassed natural beauty. Individually licensed as Vacation Rentals with increasing monthly year over year income. Immediate receivable 2020 cash flow with future booked reservations. Two residences each comprised of 1 bedroom and 1 bathroom. Both refreshed from floor to ceiling, carefully furnished, and being enjoyed daily by vacationers from around the globe. Each residence offers comfortable living, bedroom space and full kitchen, and decks which encourage an outdoor living environment. 2 onsite parking spaces. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental, long term rental or the location invites potential for redevelopment. A Premier Partner on VRBO and Superhost on Airbnb. This offering has a great track record and is a growing turn-key business opportunity for those looking to invest in a property with expanding future potential.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Assigned, Paved, One Space

Fence Vinyl, Wood

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Fishing, Golf, Gutter(s), Hiking, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Water Sports

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Highway

View Y/N Yes

View Bay, Coastline, Landmark, Marina

Roof Type Composition

Building

Lot Description Landscaped, Near Public Transit

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Frankie Ciano • Ciano Real Estate Inc.
Bought with Chris Langley • Ciano Real Estate Inc.
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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