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Listed by Ginger Woods • Paramount Properties
$ 2,250,000
Est. payment /mo
Price Dropped by $150K
2130 Main ST Morro Bay, CA 93442
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC25074638
Originating Board California Regional MLS
Year Built 1951
Lot Size 0.285 Acres
Property Description
Welcome to Morro Bay where you can still invest and have the numbers make sense. This complex has developed into a very solid, income producing property with EXCELLENT tenants. It is very quiet, no drama, and most of the tenants have been there for years. There was great care in the placement of each tenant over time, and the complex is now a wonderful place to live, and an even more wonderful place to manage. There is plenty of parking and even laundry facilities on site which add to the income. The overhead is very low. Almost none to report. The landscape is very low maintenance and tenants maintain their areas. The building is older, so there have been repairs due to weather over the years, but the owner has kept up with anything that has come up. Prior to the current owner, there had been many modifications over the years to the units. It is hard to know what the original floor plans were, but things have been updated cosmetically, so the older modifications look great. The whole complex is only electric, so the utilities are basic and very low for the tenants. We charge $50 per person for water/trash/sewer as well. This is a great, HUGE lot in what is quickly becoming a very desirable neighborhood.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Interior
Heating Electric
Laundry Laundry Area
Exterior
Pool None
Building
Story Split Level
Water District - Public
Others
Tax ID 068281024
Special Listing Condition Not Applicable
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