310 San Jacinto Street
Morro Bay, CA 93442
0.23 acres | #SC23215882
Description
Showings only with accepted offer. Units are occupied, please do not walk on property. Also sold separately is the vacant Residential Medium Zone lot next door at 2884 Alder. Welcome to 310 San Jacinto, the iconic Morro Bay Sand Dollar Apartments totaling six buildings with 11 units consisting of 12 "bedrooms" (5 are studios) and 10 bathrooms, a detached laundry room and 3 car garage. First time sold ever, fully occupied except for one empty studio. The estimated square footage is 4150 not including the laundry room and garages. The year built is estimated to be 1953 and it is on a quarter-acre lot. Renovate one building at a time while collecting rental income. This listing includes 310 San Jacinto which is an owners unit that has 2 bedrooms/1 bath and is approximately 650 square feet and has a privacy locked door to 311 San Jacinto the empty studio with its own exterior entrance. 2898 and 2896 Alder are approximately 300 square foot studios. 2894 and 2892 Alder are 1 bedroom/1 bath units estimated at 400 square feet each. 312 and 314 San Jacinto are studios with an estimated 300 square feet. 2890 A, B and C are one bedroom plus lofts (no bedroom doors) estimated at 400 square feet each. Long time tenants are on month to month leases. There is a common area courtyard. All windows are newer, a couple are cracked. Units have deferred maintenance, some exterior wood and roofs need replacing. Some interiors have been remodeled beautifully, some need updating including electrical and plumbing. All reports are available in listing supplements. Re-Zoned RM. Also available is the lot next door under a separate land listing. It is 2884 Alder with a 4000 square foot lot parcel number 068-212-016. All square footage and information is estimated, buyer to verify. Huge upside potential, currently below market rents. Current rental income is low at $10,490/mo. Projected rental income with renovation is $21,500/mo. All rental amounts include utilities as units do not have separate meters although buildings do. 1967 Old Permits and survey on file.
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kathy Scruton (#SC01321040)
Listing Office: Real Estate eBroker Inc. (#SC2411)
Listing Courtesy (Buyer)
Buyer's Agent: Ben Tilbury (#02026424)
