218 222 Pacific Street
Morro Bay, CA 93442

  • 4 beds
  • 3 baths
  • 1,580 sqft
  • 2,800 sqft lot
  • $537 per sqft
  • 1946 build
  • on site

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A 5 Star three-unit residential complex overlooking picturesque Morro Bay harbor, Embarcadero, and Rock. An incredible sited parcel conveniently close to world-class dining, Marina Square, shopping, beaches, and downtown. Only a half block to the Embarcadero and harbor. This three-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 2020 cash flow with future booked reservations. Comprised of a 2 bedroom 1 bath, and two studio units. 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. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental, full time rental, or the location invites modern redevelopment. A Premier Partner on VRBO and Superhost on Airbnb. This offering has a great track record and is a growing turn-key business opportunity for those looking to invest in a property with expanding future potential.

California Regional MLS logo Listed By CRMLS_CA / Frankie Ciano / Ciano Real Estate Inc.

Last checked: Checking… • Last updated May 3, 2024 •

MLS# SC20091500 —

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Sale history

Date Event Source Price % Change
7/13/20
CRMLS_CA $850,000 6.9%
6/1/20
CRMLS_CA $795,000
5/14/20
CRMLS_CA $795,000

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Multifamily Sold on 7/13/2020

$850,000

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Listing provided by broker:

Frankie Ciano

Ciano Real Estate Inc.

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Ciano Real Estate Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 16:48 on May 10.

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