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2077 Sunset

Morro Bay, CA 93442

– beds
– baths
– sqft
10,000 sqft lot
1951 build
– on site

More homes

Multi-Unit Property consisting of 3 buildings, 5 units total, currently netting over $70K with a cap rate of 4.4. The original structure is a 1951 single level, approx. 640 sq ft Cottage featuring 1 bedroom, 1 bath, updated with all new electrical, plumbing, drywall, LED recessed lighting, bamboo flooring, antique interior doors with new hardware and dual paned windows. The bathroom has been updated with tile floors, new shower enclosure, faucets and antique medicine cabinet and is renting for $1500/month. The 2nd structure built in 1976 consists of 2 units, each 2 stories with 2 bedrooms 1.5 baths, approx 950 sq ft each, featuring a deck, bamboo flooring, tile in the bath, dual paned windows, and each have a single car garage and additional assigned parking space and both rent for $1950/month each. The 3rd structure also built in 1976 consists of an upstairs single level 2 bedroom 1 bath unit approx 750 sqft, featuring a view deck, bamboo floors, dual paned windows, tile in the bath and a garage and rents for $2100/month. An unpermitted Studio was added by the former owner, featuring approx 300 sq ft with a new stove, noise reduction ceiling work, and rents for $1250/month. The middle garage was converted to shared laundry plus storage for the tenants in that structure. Too many upgrades and improvements to mention! Great investment opportunity, or live in one unit and rent out the others for income potential. Ideal location just minutes to the beach, the Embarcadero, great seafood and shopping.

Listed By CRMLS_CA / Hal Sweasey / Keller Williams Realty Central Coast

Last checked: Checking… • Last updated Jun 27, 2023 •

MLS# SC23037389 —

The Building

Year Built:

1951
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3571.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

3
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

4
# of Separate Water Meters:

4
# of Separate Electric Meters:

4

Interior

Entry Location:

1
Laundry:

Common Area, In Garage
Laundry:

1

Location

Directions:

Hwy 1 to Atascadero Rd/Hwy 41 turn onto Main St (n) turn right on Hill St turn left on Sunset
Latitude:

35.38346800
Longitude:

-120.85561400

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Lot Features:

Level with Street
Lot Size Area:

10000.0000
Lot Size Acres:

0.2296
Lot Size SqFt:

10000.00
Lot Size Source:

Assessor
Property Attached:

1
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

068314021

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Bayshore Village (720)
Subdivision:

Bayshore Village (720)
Features:

Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/27/23 Jun 27, 2023	Sold	CRMLS_CA	$1,600,000
6/12/23 Jun 12, 2023	Sold Subject To Contingencies	CRMLS_CA	$1,600,000
5/22/23 May 22, 2023	Listed / Active	CRMLS_CA	$1,600,000	24.0% (4.2% / YR)

Multifamily Sold on 6/27/2023

$1,600,000

Listing provided by broker:

Hal Sweasey

Keller Williams Realty Central Coast

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Listing Courtesy of: CRMLS_CA and Keller Williams Realty Central Coast. Based on information from California Regional Multiple Listing Service, Inc. as of 18:44 on May 11.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

2077 Sunset

Morro Bay, CA 93442