Morro Bay, CA 93442,2130 Main Street
Morro Bay, CA 93442,2130 Main Street
Morro Bay, CA 93442,2130 Main Street
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Listed by Ginger Woods • Paramount Properties
$2,250,000
Est. payment /mo
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5,700 SqFt
Active

2130 Main Street Morro Bay, CA 93442

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,700 sqft

Price per Sqft $394

MLS Listing ID CRSC25074638

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1951

Lot Size 0.285 Acres

Property Sub-Type Other

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

Interior

Heating Electric

Fireplace No

Laundry Other

Building

Water Public


Bay East AOR and Contra Costa AOR

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agent

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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2130 Main Street