Listed by Joel Pace•DRE #01946105• Joel Pace Real Estate, Inc.
Contact: joelpacere@gmail.com
For sale
$769,000
Est. $5,159/mo
Land
•
9,013
sq ft (lot)
541 Atascadero, Morro Bay, CA 93442
About this home
When R1 lots with no entitlements are sitting at $400k, this is then a HUGE Opportunity at $769,000, fully permitted and ready to go! Build a 5-unit multifamily residence and capitalize today! Excellent views for tenants, this will be a competitive rental in your portfolio. Generous cap rate based on the current market numbers. Seller financing is available. Final permits are at the city. Call today.
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 75° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Morro Bay, CA • 93442
Average low and high temperatures (°F)
63
48
64
50
64
50
61
50
61
50
61
53
63
55
68
55
69
58
67
54
63
50
64
51
Jan
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Mar
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May
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Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in Morro Bay. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 541 Atascadero
$714,705
$54K under list price of $769K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $355K to $1.1M.