2718-2716 Main Street

Morro Bay, CA 93442

$1,350,000
Price
6
Beds
5
Baths
2,688 Sq. Ft.
$502 / Sq. Ft.
2,688
Sq. Ft.
$502
per Sq. Ft.

Description

Two homes on one lot located in the beautiful town of Morro Bay. Both homes have ocean and Morro Rock views. 2718 Main Street is a 3 bedroom, 2.5 bath home with 1536 square feet and a 2 car garage. Featuring an open floor plan, there are nice views from the living room, kitchen, dining area, balcony, and the principal bedroom. 2716 Main Street fronts Alder Street and is a 3 bedroom, 2 bath home with 1152 square feet and 2 car garage. This home also has an open floor plan with a corner window in the...Two homes on one lot located in the beautiful town of Morro Bay. Both homes have ocean and Morro Rock views. 2718 Main Street is a 3 bedroom, 2.5 bath home with 1536 square feet and a 2 car garage. Featuring an open floor plan, there are nice views from the living room, kitchen, dining area, balcony, and the principal bedroom. 2716 Main Street fronts Alder Street and is a 3 bedroom, 2 bath home with 1152 square feet and 2 car garage. This home also has an open floor plan with a corner window in the living room with ocean and rock views. Both homes are currently rented with an annual gross income of 58,800. These well maintained homes were built in 2004 and each have separate utilities paid by tenants. Close to shopping, beaches, and dining. This property is a great investment opportunity or can live in one and rent out the other for extra income. Make your appointment today to see the interior of these wonderful homes!
  1. Listed by Candice Bell • DRE #01238936 • Brokerage DRE #02001737 • Shoreline Properties • 805-225-4848

Property Details for 2718-2716 Main Street

View
Ocean, Water
Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2688

Location

Listing Courtesy of Shoreline Properties, Candice Bell, DRE #01238936
Add your commute
LISTING UPDATED: 04/21/2024 11:05 PM

Property Details for 2718-2716 Main Street

StatusActive
MLS #SC24079437
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2004
Lot Size0.10 AC / 4,500 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Shoreline Properties, Candice Bell, DRE #01238936
Add your commute

Building Information for 2718-2716 Main Street

Stories2Residences-Year Built2004Building Size-Lot Size0.10 AC / 4,500 SF

Payment Calculator

$7,368 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2718-2716 Main Street

Rental Info
Rental Info
  • Lease Term: Month To Month
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $58,800
  • Gross Scheduled Income: $58,800
  • Net Operating Income: $47,627
  • Current Financing: None
Expense Details
  • Operating Expense: $11,173
  • Insurance Expense: $1,000
  • Professional Management Expense: $392
  • Trash Expense: $0
  • Total Expenses: $392
Tax / Assessment Info
  • Tax Annual Amount: $10,173
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Fishing, Golf, Hiking, Preserve/Public Land
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Microwave
  • Equipment: Dishwasher, Garage, Microwave
  • Interior Features: Living Room Balcony, Open Floorplan, Tile Counters
  • Room Type: Multi-Level Bedroom
  • Bedroom Features: Multi-Level Bedroom
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: Living Room, Gas
  • Fireplace Rooms: Gas, Living Room
  • Cooling: None
  • Heating Type: Forced Air, Natural Gas
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Tile
Exterior Features
  • Window Features: Blinds, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior Features: Balcony
  • Roof: Asphalt
  • Entry Location: ground level
  • Foundation Details: Slab
  • Other Structures: Two On A Lot
  • View Description: Ocean, Water
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Direct Entrance, Driveway, Garage, Garage - 2 Car, Parking Space
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Covered, Direct Garage Access, Driveway, Garage, Garage Faces Front, Garage - Two Door, Off Street, Parking Space
Property / Structure Info
  • Builders Tract Name: North Morro Bay
  • Builders Tract Code: North Morro Bay (820)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2718-2716 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2718-2716 Main Street

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Del Mar Elementary School
PublicK to 5

Los Osos Middle School
Public6 to 8

Morro Bay High School
Public9 to 12

Pacheco Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2718-2716 Main Street is a multi-family home for sale in Morro Bay, CA 93442. This property was listed for sale on February 26, 2024 by Shoreline Properties, it's currently listed at $1,350,000. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Del Mar Elementary School, Los Osos Middle School and Morro Bay High School. 2718-2716 Main Street is a 6-bed, 5-bath, 2,688 sqft multi-family home built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shoreline Properties, Candice Bell, DRE #01238936

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.