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https://www.londonproperties.com/property/link/crmls/NS26098078/375-Surf/Morro-Bay/https://www.londonproperties.com/images/props/crmls/full/NS26098078.jpgLondon Properties Morro Bay Real Estate | 375 Surf
Located in the heart of Morro Bay, this well-maintained 4-unit apartment property offers an exceptional investment opportunity with all four units featuring 1 bedroom, 1 bathroom, and their own private garage. In addition to the four tenant garages, the property includes three extra garages currently generating additional rental income. There is an inviting shared patio sitting area and a finished paver seating area. The two upstairs units feature a large balcony with scenic views of the surrounding hills, the ocean beyond, and Morro Bay's iconic three smokestacks. Additional amenities include a shared on-site laundry room, making this a highly desirable property for both tenants and investors seeking strong rental appeal in one of the Central Coast's most sought-after beach communities.
Property Sub Type
Quadruplex
Year Built
1972
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
1
Number Of Units Total
4
Entry Level
2
Entry Location
2 down 2 up
Price Per Square Foot
$613
Price Per Unit
$375,000
Days On London
0
Cumulative Days On London
0
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
No
Directions
HWY 1 to Main St. South on Main. Left on Surf. Property on the Left.
Laundry Y/N
Yes
Laundry Features
Common Area
Common Walls
1 Common Wall
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area
612
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
5
Number Of Separate Gas Meters
5
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Total
7.00
Garage Spaces
7.00
Lot Features
0-1 Unit/Acre
Lot Size Area
7500.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
None
Parcel Number
066312010
Additional Parcels Y/N
No
Subdivision Name
North Morro Bay (820)
Subdivision Name Other
North Morro Bay (820)
Community Features
Suburban
Senior Community Y/N
No
Gross Income
77400.00
Operating Expense
27396.00
Land Lease Y/N
No
Insurance Expense
2328.00
Electric Expense
360.00
Water Sewer Expense
5760.00
Trash Expense
2412.00
Fuel Expense
336.00
New Taxes Expense
16200.00
Gross Scheduled Income
77400.00
Gross Income
77400.00
Number Of Rented Garages
3
Garage Rental Rate
250.00
Garage Income
9000.00
Total Expenses
27396.00
Net Operating Income
50004.00
Operating Expense
27396.00
Gross Income
77400.00
Net Operating Income
50004.00
Tax Block
3
Tax Lot
3
Tax Tract Number
53
71109
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The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.
