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Price Reduction - Water Views - Master on Main
Address
218 Pacific Morro Bay, CA
Price
$ 3,425,000
Property Attributes
  • MLS#SC19083813
  • TypeSingle Family
  • CountySAN LUIS OBISPO
  • CityMorro Bay
  • AreaMorro Bay
  • NeighborhoodEmbarcadero
  • Zip93442
  • StyleCottage
  • Price$ 3,425,000
  • Bedrooms10
  • Full Bathrooms9
  • Half Bathrooms0
  • Sqr Footage4560
  • Lot Size0.43 Acres
Listing Provided Courtesy Of:
Frankie Ciano with Ciano Real Estate Inc..
Property Description

Pacific Street Cottages, a 5 Star eight-unit residential complex overlooking picturesque Morro Bay harbor, Embarcadero, and Rock. An incredible sited parcel with 4 APNs conveniently close to world-class dining, Marina Square, shopping, beaches, and downtown. Only a half block to the Embarcadero and harbor. This eight-residence group offers a true coastal hideaway of unsurpassed natural beauty. Individually licensed as Vacation Rentals with increasing monthly year over year income. Immediate receivable 2019 cash flow with future booked reservations. The eight residences comprised of a triplex, duplex, two single family residences and a one-bedroom unit. All 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. Patios, decks, and large private courtyard encourage an outdoor living environment. Three on site laundry facilities and 10 onsite parking spaces, sufficient for staff and guests needs. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental or the location invites redevelopment into a modern Bayside resort. A Premier Partner on VRBO and Superhost on Airbnb. Booking.com has recently been added to book guests. This offering has a great track record and is a growing turn-key business opportunity for those looking to invest in a legacy property with expanding future potential.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/12/2019 Listed $3,450,000
7/5/2019 1% - $3,425,000

General Features

Accessibility Parking
Assessments Unknown
Assessments Y/N Yes
Attached Structure Attached
Co-Listing Agent Last Name Mulholland
Co-Listing Agent Last Name Patrick
Co-Listing Agent State License # 02021448
Co-listing Agent Patrick Mulholland - BRE#02021448
Community Features Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Park, Hunting, Watersports, Preserve/Public Land, Storm Drains, Street Lights
Directions Pacific Street between Market Ave and Embarcadero on South side of the street.
HOA Fee 0.00
Levels One
Listagentaor Scenic Coast
Listing Agent Frankie Ciano - BRE#01412309
Listing Agent State License 01412309
MLS Area MRBY - Morro Bay
Price Per Square Foot 751.10
Property Attached Y/N Yes
Property SubType Commercial/Residential
School District San Luis Coastal Unified
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Source System CRMLS
Spa Features None
Subdivision Name Embarcadero(750)
Subdivision Name Embarcadero(750)

Interior Features

Appliances Barbecue, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Water Heater
Appliances Y/N Yes
Common Walls 1 Common Wall
Cooling None
Fireplace Features Living Room
Fireplace Y/N Yes
Flooring Carpet, Laminate, Tile
Full + 3/4 Baths 9
Full Baths 9
Heating Wall Furnace
Heating Y/N Yes
Interior Features Ceiling Fan(s), Formica Counters, Furnished, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Tile Counters, Track Lighting
Laundry Features Common Area, Dryer Included, Individual Room, Inside, Stackable, Washer Included
Laundry Y/N Yes
Main Level Bathrooms 9
Main Level Bedrooms 10
Room Type All Bedrooms Down, Bonus Room, Great Room, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Sun, Utility Room
Total Stories 1
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Exterior Features

Special Listing Conditions Standard
Architectural Style Cottage
Attached Garage Yes
Construction Materials Stucco, Wood Siding
Fence Y/N Yes
Fencing Wood
Garage Spaces 3.00
Lot Features Landscaped, Near Public Transit
Lot Size Acres 0.4304
Lot Size Area 18750.0000
Lot Size Source Assessor
Lot Size Square Feet 18750.00
Lot Size Units Square Feet
Parking Features Assigned, Paved, Garage, Garage - Single Door, Garage Door Opener, Parking Space
Parking Y/N Yes
Pool Features None
Road Frontage Type City Street
Road Surface Type Paved
Roof Composition, Rolled/Hot Mop
Sewer Public Sewer
Total Parking 3.00
View Dunes, Bay, Coastline, Landmark, Marina, Ocean, Panoramic, White Water
Water Source Public
Waterfront Features Across the Road from Lake/Ocean, Marina in Community, Ocean Access, Ocean Side Of Highway 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93442

Price
AVG $930K
$3.43M
Visits
AVG 10
30
Year Built
AVG 1981
1946
Walkscore
AVG 51
81
Data Provided by Walkscore ® not using MLS data

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