35.3647842407227 -120.852210998535

218 - 240 Pacific, Morro Bay, CA 93442

236500966 35.3647842407227 -120.852210998535 124 /listing/236500966-150152286/218-240-pacific-morro-bay-ca-93442 False 0 2880000.0000 101 SC19083828 False
  • $2,880,000
  • 18,750 lot
  • Est payment $15460.46/mo

Property & Neighborhood Info

Courtesy Of Frankie Ciano, Ciano Real Estate Inc.

Commercial in Morro Bay

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.

Courtesy Of Frankie Ciano, Ciano Real Estate Inc.
  1. 18,750 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1946
  • Floors: 1
  • County: San Luis Obispo
  • Units: 8
  • MLS Number:SC19083828

Additional Features

  • Building Description:
    • Existing
  • Business Type:
    • Parking
  • Cooling:
    • None
  • Electric:
    • Standard
  • Fencing:
    • Wood
  • Heating:
    • Wall Furnace
  • Land Size Source:
    • Assessor
  • Laundry:
    • Common Area
    • Dryer Included
    • Individual Room
    • Inside
    • Stackable
    • Washer Included
  • Laundry Equipment:
    • Own
  • Lot Features:
    • Landscaped
    • Near Public Transit
  • Property Subtype:
    • Hotel/Motel
  • Roof:
    • Composition
    • Rolled/Hot Mop
  • Security Features:
    • Carbon Monoxide Detector(s)
    • Smoke Detector(s)
  • Special Conditions:
    • Standard
  • Utilities:
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • Water Source:
    • Public
  • Waterfront Features:
    • Across the Road from Lake/Ocean
    • Marina in Community
    • Ocean Access
    • Ocean Side Of Highway 1
  • Year Built Source:
    • Assessor
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
35.3647842407227 -120.852210998535

218 - 240 Pacific Morro Bay, CA 93442

236500966 35.3647842407227 -120.852210998535 124 /listing/236500966-150152286/218-240-pacific-morro-bay-ca-93442 False 0 2880000.0000 101 SC19083828 False
  • $2,880,000
  • 18,750 lot
  • Est payment $15460.46/mo