Morro Bay, CA 93442,365 Surf ST
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Morro Bay, CA 93442,365 Surf ST
Morro Bay, CA 93442,365 Surf ST
Morro Bay, CA 93442,365 Surf ST
Morro Bay, CA 93442,365 Surf ST

$1,306,375

Est. payment /mo

$1,425,000

8.3%
Est.Price: ?

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365 Surf ST Morro Bay, CA 93442

7,501 Sqft Lot

SOLD DATE : 01/25/2024

Key Details

Sold Price $1,306,375

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NS23171047

Sold Date 01/25/24

HOA Y/N No

Year Built 1972

Lot Size 7,501 Sqft

Property Description

Welcome to 365 Surf Street, a fantastic investment property located in the highly sought-after community of Morro Bay! This multi-unit property, built in 1972, offers an excellent opportunity for both investors and house hackers. Situated on a spacious 7,500 square foot lot, the property comprises a single building with a total of four units, generating an annual income of $40,000 with the potential for so much more. Each unit is a comfortable 612 square feet and includes 1 bedroom, 1 full bathroom, a living room, and a well-equipped kitchen. The property features two units on the upper level and two units on the lower level. All units have the added bonus of a pleasant deck and access to a shared yard and barbecue area. The upper units provide breathtaking views of the ocean, Morro Rock, and the iconic 3 Stacks. Additionally, the two lower garages offer four parking spaces, covering approximately 756 square feet of space. The property has seen around $118,000 in upgrades and improvements, including laminate flooring, tile flooring in the bathrooms and kitchen, stylish faux blinds, new lighting fixtures, fresh paint, dual pane windows for enhanced energy efficiency, upgraded landscaping, and new garage doors. Currently, three of the units are leased at $1,285 per month each, while the remaining unit commands a monthly rent of $1,350. For investors, this property represents a lucrative investment opportunity. House hackers have the flexibility to live in one unit while generating rental income from the others. This rare opportunity places you in close proximity to the beach, Embarcadero, and an array of excellent seafood dining and shopping options. Don't miss your chance to invest in this income-generating property in the charming coastal community of Morro Bay! Take your tour here: https://vid.us/9wfrki or call today!

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Zoning 30

Interior

Interior Features Walk-In Closet(s)

Heating Forced Air

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Range, Refrigerator

Laundry None

Exterior

Garage Carport, Paved

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights

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

View Y/N Yes

View Ocean, Peek-A-Boo, Water

Total Parking Spaces 4

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 066312009

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 300.0

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Financing Cash to Loan

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by Jennifer Dawson • Platinum Properties • 805-835-6386
Bought with Jennifer Dawson • Platinum Properties

Alex Duarte

CEO | i01970077

+1(714) 373-6828

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