Welcome to 365 Surf Street, a fantastic investment property located in the highly sought-after community of Morro Bay! This multi-unit property, built in 1972, offers an excellent opportunity for both investors and house hackers. Situated on a spacious 7,500 square foot lot, the property comprises a single building with a total of four units, generating an annual income of $40,000 with the potential for so much more. Each unit is a comfortable 612 square feet and includes 1 bedroom, 1 full bathroom, a living room, and a well-equipped kitchen. The property features two units on the upper level and two units on the lower level. All units have the added bonus of a pleasant deck and access to a shared yard and barbecue area. The upper units provide breathtaking views of the ocean, Morro Rock, and the iconic 3 Stacks. Additionally, the two lower garages offer four parking spaces, covering approximately 756 square feet of space. The property has seen around $118,000 in upgrades and improvements, including laminate flooring, tile flooring in the bathrooms and kitchen, stylish faux blinds, new lighting fixtures, fresh paint, dual pane windows for enhanced energy efficiency, upgraded landscaping, and new garage doors. Currently, three of the units are leased at $1,285 per month each, whil
MLS #
CRNS23171047
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Appliances
Garbage Disposal, Oven Range - Gas, Refrigerator
Laundry
None
Cooling
None
Heating
Forced Air
Pool
None
Garage/Parking
Carport, Other, Garage: 4 Car(s)
HOA Fee
$0
Listing Agent
Jennifer Dawson
Platinum Properties
License #: 01967230
Phone: (805) 835-6386
Co-Listing Agent
Heather Roda
Platinum Properties
License #: 01353261
Phone: (805) 610-9270
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 4 | 4 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 612 | – | 0/0 | – |
2 | 612 | – | 0/0 | – |
3 | 612 | – | 0/0 | – |
365 Surf St is a Residential Income in Morro Bay, CA 93442. This – square foot property sits on a 7,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,306,375 and was built in 1972.
This address can also be written as 365 Surf St, Morro Bay, CA 93442.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of January 25, 2024. For the most current information, please contact Jennifer Dawson, (805) 835-6386