Putting My Clients' Needs First
Jan Lloyd,CRB,CRS,GRI, SFR, SRES, e-PRO, Fine Homes Specialist
805-909-8263805-909-8263

218 – 240 Pacific, Morro Bay, CA 93442 (MLS # SC19083813)

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PRICE $3,375,000
SIZE 4,560 sq ft
LOT SIZE 18,750 sqft

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.

DAYS ON MARKET 161 LAST UPDATED 8/30/2019
TRACT Embarcadero(750) YEAR BUILT 1946
COMMUNITY Morro Bay GARAGE SPACES 3.0
COUNTY San Luis Obispo TOTAL PARKING 6
STATUS Active PROPERTY TYPE(S) Residential, Commercial/Residential

SCHOOLS
School District San Luis Coastal Unified

PRICE HISTORY
Prior to Jul 5, '19 $3,450,000
Jul 5, '19 - Aug 30, '19 $3,425,000
Aug 30, '19 - Today $3,375,000


ADDITIONAL DETAILS
ACCESSIBILITYFEATURES Parking
APPLIANCES Barbecue, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Water Heater
ARCHITECTURALSTYLE Cottage
ASSESSMENTS Unknown
ASSOCIATIONFEE 0.00
ATTACHEDGARAGEYN 1
BATHROOMSFULL 9
CITY Morro Bay
COLISTAGENTAOR Scenic Coast
COLISTAGENTFIRSTNAME Patrick
COLISTAGENTLASTNAME Mulholland
COLISTAGENTSTATELICENSE 02021448
COLISTOFFICENAME Ciano Real Estate Inc.
COMMONWALLS 1 common wall
COMMUNITYFEATURES Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Gutters, Hiking, Hunting, Park, Preserve/Public Land, Storm Drains, Street Lights, Watersports
CONSTRUCTIONMATERIALS Stucco, Wood Siding
COOLING None
COUNTRY US
COUNTYORPARISH San Luis Obispo
ELECTRIC Standard
ELEVATIONUNITS Feet
FENCING Wood
FIREPLACEFEATURES Living Room
FLOORING Carpet, Laminate, Tile
GARAGESPACES 3.00
HEATING Wall Furnace
HIGHSCHOOLDISTRICT San Luis Coastal Unified
INTERIORFEATURES Ceiling Fan(s), Formica Counters, Furnished, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Tile Counters, Track Lighting
LANDLEASEYN 0
LAUNDRYFEATURES Common Area, Dryer Included, Individual Room, Inside, Stackable, Washer Included
LEVELS One
LISTAGENTAOR Scenic Coast
LISTAGENTSTATELICENSE 01412309
LIVINGAREAUNITS Square Feet
LOTFEATURES Landscaped, Near Public Transit
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE Price Change
MLSAREAMAJOR MRBY - Morro Bay
PARCELNUMBER 066301033
PARKINGFEATURES Assigned, Garage, Garage - Single Door, Garage Door Opener, Parking Space, Paved
POOLFEATURES None
PRICEPERSQUAREFOOT 740.13
PROPERTYSUBTYPE Commercial/Residential
PROPERTYTYPE Residential
ROADFRONTAGETYPE City Street
ROADSURFACETYPE Paved
ROOF Composition, Rolled/Hot Mop
ROOMTYPE 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
SECURITYFEATURES Carbon Monoxide Detector(s), Smoke Detector(s)
SENIORCOMMUNITYYN 0
SEWER Public Sewer
SPAFEATURES None
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
STATEORPROVINCE CA
UTILITIES Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW Bay, Coastline, Dunes, Landmark, Marina, Ocean, Panoramic, White Water
WATERFRONTFEATURES Across the Road from Lake/Ocean, Marina in Community, Ocean Access, Ocean Side Of Highway 1
WATERSOURCE Public
YEARBUILTSOURCE Assessor

ZESTIMATE
218 - 240 Pacific, Morro Bay, CA

RENT ZESTIMATE
$ / mo.  218 - 240 Pacific, Morro Bay, CA

81 Very Walkable



 
CONTACT US ABOUT 218 - 240 PACIFIC
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Listing provided by : Frankie Ciano License # 01412309, Ciano Real Estate Inc. Co-Listed with Patrick Mulholland License # 02021448, Ciano Real Estate Inc.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 9/19/19 6:33 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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