NOT LISTED FOR SALE

238 Pacific St Morro Bay, CA 93442

2 Beds
2 Baths
768 Sq Ft
3,150 Sq Ft Lot

Last Sold June 16, 2020

Last sale price $585,000 $762 Per Sq Ft

14 Days on Market

Highlights

  • Marina View
  • Golf Course Community
  • Primary Bedroom Suite
  • Del Mar Elementary School Rated A-
  • Fishing
  • 2-minute walk to Morro bay dog park

About This Home

As of June 2020

A 5 Star two-unit residential complex overlooking picturesque Morro Bay harbor, Embarcadero, and Rock. An incredible sited parcel conveniently close to world-class dining, Marina Square, shopping, beaches, and downtown. Only a half block to the Embarcadero and harbor. This duplex offers a true coastal hideaway of unsurpassed natural beauty. Individually licensed as Vacation Rentals with increasing monthly year over year income. Immediate receivable 2020 cash flow with future booked reservations. Two residences each comprised of 1 bedroom and 1 bathroom. Both 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, and decks which encourage an outdoor living environment. 2 onsite parking spaces. Zoned CVS – Community Visitor Serving, the property is primed positioned to continue as a successful Vacation Rental, long term rental or the location invites potential for redevelopment. A Premier Partner on VRBO and Superhost on Airbnb. This offering has a great track record and is a growing turn-key business opportunity for those looking to invest in a property with expanding future potential.

Last Agent to Sell the Property

Patrick Mulholland

Compass License #02021448 Listed on: 05/13/2020

Compass

Last Buyer's Agent

Chris Langley

Compass License #01829259

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,150 Sq Ft Lot
  • 1 Common Wall
  • Vinyl Fence
  • Wood Fence
  • Landscaped
  • 066301017

Property Views

  • Marina
  • Coastline
  • Bay
  • Views of a landmark
  • Dune

Home Design

  • Duplex
  • Cottage
  • Turnkey
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room with Attached Deck
  • Laundry Room

Kitchen

  • <<microwave>>
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Paved Parking
  • Parking Lot
  • Assigned Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Ocean Side of Highway 1
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Location

  • Across the Road from Lake or Ocean
  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 066301017

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills
  • Property is near a preserve or public land

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Embarcadero(750)
  • View: Yes
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 066301017
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 768.00 Square Feet
  • Interior Amenities: Furnished, Living Room Deck Attached
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 761.72
  • Room Type: All Bedrooms Down, Living Room, Master Bathroom, Master Suite
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • View: Dunes, Bay, Coastline, Landmark, Marina
  • Fence: Yes
  • Fencing: Vinyl, Wood
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Paved, Parking Space

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Microwave, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Park, Watersports, Preserve/Public Land, Storm Drains, Street Lights

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 066301017
  • Land Lease: No
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Sq Ft: 3150.00
  • Lot Size Acres: 0.0723

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3150.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Across the Road from Lake/Ocean, Ocean Side Of Highway 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2020 06/16/20 Sold $585,000 -1.7% $762 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $595,000 -- $775 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC20087992

California Regional Multiple Listing Service (CRMLS)