218 Pacific

Morro Bay, CA 93442

About this property

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.

Date Added
April 12, 2019
Listing Status
Active
Days On Site
286
MLS#
SC19083813

Features and Additional Information

Lot Size
18,748 SqFt
Acreage
0.43
Property Type
Residential
Style
Detachd
Sub-Type
Resale
Year
1946
Garage
3
Pool
No
Story(s)
1 Story
Property View
Yes
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$3,350,000 Active
10 Beds
9 Baths
4,560 SQFT

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Brokerage
Victorville
(760) 684-8100
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Area Information

MRBY - Morro Bay | San Luis Obispo County | Embarcadero(750)

$ 3,350,000
This listing is play_arrow 67.8% higher than the average in the area
$ 1,997,000 in the area
4,560 SqFt
This listing is play_arrow 50.7% larger than the average in the area
3,026 SqFt in the area
$ 735 $/SqFt
This listing is play_arrow 25.9% more than the average in the area
$ 583 $/SqFt in the area
286 days on site
This listing is play_arrow 24.5% below the average in the area
379 days on site in the area

Schools in the Area

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