Morro Bay, CA 93442,685 Kings Ave
Morro Bay, CA 93442,685 Kings Ave
Morro Bay, CA 93442,685 Kings Ave
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$1,400,000
Est. payment /mo
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3,066 SqFt
Pending

685 Kings Ave Morro Bay, CA 93442

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 3,066 sqft

Price per Sqft $456

MLS Listing ID CRSC25082846

HOA Y/N No

Year Built 1930

Lot Size 0.430 Acres

Property Sub-Type Other

Source Datashare California Regional

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 you're 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

Interior

Cooling None

Flooring Laminate, Wood

Fireplace No

Laundry Other

Exterior

View Water, Ocean

Building

Lot Description Corner Lot


Bay East Association of Realtors

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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685 Kings Ave