218 Pacific, Morro Bay, CA 93442

$3,450,000
10
BD
9
BA
4,560
SqFt
List Price
$3,450,000
Status
ACTIVE
MLS#
SC19083813
Year Built
1946
Bedrooms
10
Bathrooms
9
Living Sq. Ft
4,560
Lot Size
18,750
Acres
0.4304
Lot Location
Landscaped, Near Public Transit
Days on Market
75
Property Type
Single Family Residential
Style
Cottage
Property Sub Type
Commercial/Residential
Stories
One Level
Neighborhood
Embarcadero(750)

Property Description

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.

Additional Information

Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Park, Hunting, Watersports, Preserve/Public Land, Storm Drains, Street Lights
Appliances
Barbecue, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Water Heater
Pool Description
None
Fireplace Description
Living Room
Heat
Wall Furnace
Cooling Description
None
View
Dunes, Bay, Coastline, Landmark, Marina, Ocean, Panoramic, White Water
Roof
Composition, Rolled/Hot Mop
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
School District
San Luis Coastal Unified
Attached Structure
Attached
Total Number of Units
8

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Frankie Ciano from Ciano Real Estate Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.