218 - 240 PACIFIC, MORRO BAY CA 93442

  • 10 beds
  • 9.00 baths
  • 4,560 sq.ft.
  • 18,750 sq.ft. lot
offered at $2,880,000
MLS#:SC19083813
Status: Active // Property Type: Commercial/Residential
Project/Tract: Embarcadero(750) // County: San Luis Obispo // Year Built: 1946

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.

Listing Courtesy of Frankie Ciano, Ciano Real Estate Inc.

Interior Features

Interior Features: Ceiling Fan(s), Formica Counters, Furnished, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Tile Counters, Track Lighting // Heating: Wall Furnace

Exterior Features

Exterior Features: Biking, Curbs, Dog Park, Fishing, Foothills, Golf, Hiking, Gutters, Park, Hunting, Watersports, Preserve/Public Land, Storm Drains, Street Lights // Roof: Composition, Rolled/Hot Mop // Fence: Wood
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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