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$ 1,400,000
Est. payment /mo
Price Dropped by $189K
685 Kings Ave Morro Bay, CA 93442
5 Beds
0.43 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Morro Heights (810)
MLS Listing ID SC25082846
Bedrooms 5
Lot Size 0.430 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Price reduction with new vacancy info: Apartment 2 is currently vacant, Apartment 5 will be vacant at the end of November, and Apartment 4 will be vacant December 1st, allowing three units to become available and creating potential for increased rental income. This Spanish-style five-unit apartment complex in the heights of Morro Bay offers incredible potential, featuring one 2-bedroom unit, one studio, and three 1-bedroom apartments. Original hardwood flooring runs through all living rooms, and apartments 1 and 2 offer views of Morro Rock. The front lot, which includes the building, is 13,733 sq. ft., while the rear lot adds an additional 5,000 sq. ft. Combined, the two total approximately 18,733 sq. ft. (0.43 acres), offering a rare opportunity in this highly desirable location. Conveniently located near downtown Morro Bay, with easy access to the highway, and close to Black Hill and the golf course. Whether youre seeking an income-producing property or a unique renovation project, this is a rare find! Buyer to verify all information and conduct their own due diligence regarding lot size, zoning, and development potential. Agents please see private remarks.
Location
State CA
County San Luis Obispo
Zoning Assessor
Direction On the corner of Kings & Las Tunas
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Tile/Clay
Building
Story 1
Level or Stories 1
Others
Tax ID 066082049
Listed by Natalie Boudreau White BHGRE HAVEN PROPERTIES
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