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https://www.londonproperties.com/property/link/crmls/PI26106185/260-Pacific/Morro-Bay/https://www.londonproperties.com/images/props/crmls/full/PI26106185.jpgLondon Properties Morro Bay Real Estate | 260 Pacific
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 hanvig individual yards and there is 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. Whether you are wanting an investment property or a vacation hideaway spot for the family this fits the bill.
Property Sub Type
Duplex
Year Built
1935
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
1
Levels
One
Number Of Buildings
3
Number Of Units Total
2
Entry Level
1
Price Per Square Foot
$687
Price Per Unit
$515,000
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
Main St to pacific, right turn to property
Laundry Y/N
No
Laundry Features
None
Common Walls
2+ 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
2.00
Garage Spaces
2.00
Lot Features
2-5 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
Embarcadero(750)
Subdivision Name Other
Embarcadero(750)
Community Features
Street Lights, Sidewalks
Senior Community Y/N
No
Association Y/N
No
Gross Income
59400.00
Operating Expense
17820.00
Land Lease Y/N
No
Assessments
None
Gross Scheduled Income
59400.00
Gross Income
59400.00
Number Of Rented Garages
0
Total Expenses
17820.00
Net Operating Income
44550.00
Operating Expense
17820.00
Gross Income
59400.00
Net Operating Income
44550.00
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.