Two Units in Morro Bay! The main home has 2 bedrooms and 1 bathroom, along with laundry room and 2 car garage. The second unit is a spacious 1 bedroom, 1 bathroom unit located on the second floor over the garages. This unit has an open floor plan with a 1 car garage. Property is centrally located in Morro Bay with easy access to Downtown and Hwy 1.
Located in California's Central Coast, The Lodge at Morro Bay Event Center emerges as a premier destination. Just a few minutes from the seaside town of Morro Bay, and located less than 2 miles from the breathtaking Pacific Ocean. 2.5 acres of pristine coastal real estate. This property is Zoned for both agricultural and recreational use. Additionally, there is a private 1 bedroom, 1 bathroom caretaker quarters, with an attached sitting room. The Lodge at Morro Bay Event Center offers an 8,000 sq ft building. One of the largest event centers on the Central Coast. Events types include but are not limited to * elegant weddings, professional conferences, family/school reunions, trade shows, private business meetings, large parties, sweet 16’s quinceaneras, and bar mitzvahs. These spaces can host a combined total of 347 guests for dining, with a maximum standing capacity of 1,041 across the venue. Guests can enjoy - ADA compliant restrooms. The lodge is secured by an elegant wrought iron gate and a collection of mature palm trees, enter through majestic double iron doors. Inside, TWO grand banquet halls with high, open-beamed ceilings and raised stages, offering seamless flow. The state-of-the-art caterer's kitchen is equipped with a Black Diamond gas range, and all the amenities needed for seamless event catering. Just outside a vast Santa Maria style BBQ pit offers the perfect setting for outdoor celebrations. Recently updated roof, and 81 parking with designated spaces. A brand new - installed in 2021- 26 kw solar system, a private well with a 15,000-gallon storage tank. Additional detached 2 car garage with water and power. This property allows the building of a caretaker residence on site. Other uses with special permits - include but are not limited to RV Park.
Welcome to your dream investment opportunity in Morro Bay, CA! Nestled close to the Pacific Ocean, the vibrant downtown district, and the Embarcadero, this 9-unit apartment building offers an unparalleled combination of coastal charm and income potential. Embrace the California lifestyle with easy access to white sand beaches and a world class Mediterranean climate. Located in a popular tourist destination, and in close proximity to San Luis Obispo and Paso Robles wine country, the region benefits from strong economics and employment opportunities. The property is situated next to a small shopping center, and is less than one mile from Spencer’s Fresh Markets grocery store and various local favorite restaurants and shops. Just across Highway 1 to the south is the Cloisters Community Park, Morro Bay High School, and access to wide open dunes and beaches. Each of the 9 apartments includes 2 bedrooms and 1 bathroom, offering spacious and comfortable living spaces. Remodeled kitchens and bathrooms feature shaker cabinets, granite counters, dishwashers, and fully equipped appliances. Newer double pane windows, onsite private garages, and separate in-unit laundry ensure convenient living for all. The garages feature automatic openers, power outlets, and large built-in storage cabinets. Onsite parking is available in front of each garage, as well as under a car port offering additional spaces. Featuring queen palms, birds of paradise, and succulents, the attractive low maintenance landscaping is on drip irrigation and compliments the building's vibrant colors and Spanish style architecture. Three ground floor units feature private backyard patios, perfect for outdoor living, bike storage, and gardening. Upstairs units benefit from ocean views, with the largest apartment featuring a spacious balcony that enjoys views of the ocean and Morro Rock. In addition to the 9 apartments, the property includes a well-equipped owner’s workshop and garage complete with access to utilities. Utilize the workshop as your own retreat, or convert the space into an attached Accessory Dwelling Unit (ADU) to further increase income potential and value. There may also be an opportunity to construct two (2) ADUs, bringing the total unit count to 11 (verify with the City of Morro Bay). Don't miss out on this rare opportunity to own a piece of paradise in one of California's most desirable and valuable destinations. *CONTACT LISTING OFFICE BEFORE GOING ONSITE*
Price reduced! Historical photos added! This can be your opportunity to purchase 12 residential apartment units and a rentable storage garage in Morro Bay just blocks from the beach. This is a single level building that requires low maintenance, has a shared laundry facility, a dedicated carport parking space for 11 of the 12 units, and it's incredibly convenient location, make this complex desirable for owners and tenants alike. The complex is in close proximity to parks, trails, restaurants, a gas station, grocery stores, schools, and public transportation, which makes it easy for residents to enjoy the Central Coast lifestyle. Monthly income has remained steady and predictable for years, as these units rent very quickly. There are eleven studio apartments and one 1-bedroom apartment in the complex, and there is also an additional, rentable garage unit (currently rented), which combine to generate solid monthly revenue across the 12 units. Each residential unit is equipped with a separate kitchen, medium-sized refrigerator, range oven, full bathroom, beam ceiling, and a wall heater. Zoned Commercial-Visitor Serving (C-VS) but fully occupied with long-term tenants, this conveniently located parcel sits on Atascadero Road within the city limits of Morro Bay, providing easy access to Highway 41, Highway 101, and scenic Highway 1. Buyers seeking a well located, turnkey income opportunity can look forward to years of successful ownership, while opportunities abound for those considering redevelopment in the near or distant future. As always, please check with Morro Bay Community Development for zoning and building allowances, and act fast. Easy, multi-unit complexes like this one don't last long! New Water Heater installed on 5/22/2024.
Get out of the city and unwind in idyllic Morro Bay and find a truly remarkable place where you can relax, entertain, and invest, all in the same property. Perfect for a single family, weekend home, or corporate retreat. This custom-built triplex, constructed with only the finest materials and craftsmanship, offers all things in coastal living in a quaint and picturesque seaside town. Enjoy kayaking, golfing, hiking, sport fishing, sailing, paddle boarding, surfing, and so much more! In the open and airy main residence, enter the large great room featuring soaring wood-beamed ceilings, expansive French doors opening to ocean views and breezes, with a full-size dining area and fireplace. Stunning chef’s kitchen, featuring top-end appliances and a countertop bar, smartly designed to maximize space and convenience. Bonus living area upstairs with built-in office space, room for a professional pool or billiard table, two areas for recreation/game tables, and a living area with fireplace and TV. Exercise/recreation room downstairs with kitchenette. 5 BR/3.5BA in main unit, two additional units with 2BR/1BA each, all with private back patios and garages. All three properties host an ocean view. Walk to town or the Embarcadero. If you’re looking for more activities, explore San Luis Obispo for nightlife (13 mi away), San Simeon and Hearst Castle (30 mi away), and Montana de Oro State Park (10 mi away). For the wine connoisseur, Paso Robles (north) and Edna Valley (south) wineries are nearby.
Morro Bay is located in California. Morro Bay, California has a population of 10,568. Morro Bay is less family-centric than the surrounding county with 22.23% of the households containing married families with children. The county average for households married with children is 28.68%.
The median household income in Morro Bay, California is $61,690. The median household income for the surrounding county is $67,175 compared to the national median of $57,652. The median age of people living in Morro Bay is 49.4 years.
The average high temperature in July is 68.1 degrees, with an average low temperature in January of 44.6 degrees. The average rainfall is approximately 20.1 inches per year, with 0.1 inches of snow per year.
