1199 Main Street, Morro Bay, CA 93442

$1,149,000
3,500
SqFt
List Price
$1,149,000
Price Change
▼ $30,000 1600913257
Status
ACTIVE UNDER CONTRACT
MLS#
SC20173407
Year Built
2003
Living Sq. Ft
3,500
Lot Size
6,970
Acres
0.16
Lot Location
0-1 Unit/Acre, Corner Lot
Days on Market
147
Property Type
Multifamily
Property Sub Type
Commercial/Residential
Stories
Two Levels
Builders Tract Code
Town of El Moro(680)
Neighborhood
Town Of El Morro(830)

Property Description

Highly desirable downtown Morro Bay One of a kind Mixed-Use Duplex in a fantastic location. This Com/Residential property is very special. The Commercial space opens to Main Street and the Residential portion opens on Surf St. The residence has a Vacation Rental Permit. Approx. 3500 sq. Ft, 7 parking spots & 2 separate addresses.1199 Main St.=commercial unit, approx. 1500 sq.ft.Boasts a beautiful rustic Teak front door, cathedral ceilings & custom stained-glass ceiling dome. Open & airy entry bar top counter, wood laminate & tile floors throughout, lots of light. New paint, recessed & track lighting, gas fireplace, Hawaiian doors, ADA compliant bathroom. Garage space; window paneled garage door, small private office & pass- through. All wired for cable, in-wall speakers, media cabinet. 1197 Main St. = the residence, 3 bedrooms & 2 baths, approx. 2000 sq. ft. Downstairs; entryway, kitchen/dining room, full bathroom w/jetted tub, laundry room & private bedroom w/ its own entrance. Upstairs boasts ocean & Morro Rock views, deck. Upstairs, a petite bathroom w/ toilet, sink & shower, family room, & a beautiful Master bedroom. The Master has the most amazing custom stained glass window of Morro Rock. This is a great opportunity to own a Custom Retreat and Income Property for your 1031 Exchange! All information provided is thought to be from reliable sources, Buyer to verify all information prior to purchase. Accepting backup offers

Additional Information

Lot Description
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s), Wired for Alarm System, Biking, Curbs, Watersports, Street Lights
Other Buildings
Shed(s)
Pool Description
None
Heat
Central, Zoned, Forced Air, Natural Gas, Fireplace(s)
View
City Lights, Landmark, Mountain(s), Ocean, Peek-A-Boo
Exterior Construction
Drywall Walls, Ducts Professionally Air-Sealed, Steel
Patio
Yes
Roof
Metal
Garage Spaces Total
7
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$80,000
Operating Expense
26400
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
2
Unit One Pro Forma
44000
Unit Two Total Units
1
Unit Two Baths
1
Unit Two Pro Forma
36000
Unit Two Furnished
Unfurnished

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 Lisa Mia from BHGRE HAVEN PROPERTIES

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.