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https://www.londonproperties.com/property/link/crmls/PI25233812/260-260-Pacific/Morro-Bay/https://www.londonproperties.com/images/props/crmls/full/PI25233812.jpgLondon Properties Morro Bay Real Estate | 260 260 Pacific
Listing Agent: James Kelsey, Century 21 Masters-Arroyo Grande
Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each having individual yards and a rear two car garage. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential. This property also qualifies for a short term vacation rental license.
Property Sub Type
Duplex
Year Built
1935
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
1
Levels
One
Number Of Buildings
2
Number Of Units Total
2
Entry Level
1
Price Per Square Foot
$938
Price Per Unit
$562,500
Days On Market
79
Cumulative Days On Market
79
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Directions
Pacic to property on left
Laundry Y/N
Yes
Laundry Features
In Kitchen
Common Walls
No Common Walls
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
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
2
Number Of Separate Gas Meters
2
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Total
1.00
Garage Spaces
1.00
Lot Features
6-10 Units/Acre
Lot Size Area
5808.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
None
Parcel Number
066115004
Additional Parcels Y/N
No
Subdivision Name
Harbor Tract(760)
Subdivision Name Other
Harbor Tract(760)
Community Features
Curbs
Senior Community Y/N
No
Gross Income
60000.00
Operating Expense
15000.00
Land Lease Y/N
No
Gross Scheduled Income
60000.00
Gross Income
60000.00
Total Expenses
15000.00
Net Operating Income
45000.00
Operating Expense
15000.00
Gross Income
60000.00
Net Operating Income
45000.00
Cap Rate
4.00
Tax Block
20
Tax Lot
1
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.
