365 Surf St, Morro Bay, CA 93442
SOLDJAN 25, 2024
Listed by Jennifer Dawson, Platinum Properties, (805) 226-4204 . Bought with Platinum Properties

365 Surf St
Morro Bay, CA 93442

  • 4 Beds
  • 4 Baths
  • 2,448 sqft
  • 4 Beds
  • 4 Baths
  • 2,448 sqft

$1,306,375

Last Sold: Jan 25, 2024
8% below list $1.43M
$534/sqft
Est. Refi. Payment $8,257/mo*

Homes for Sale Near 365 Surf St

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from January 25, 2024
Welcome to 365 Surf Street, a fantastic investment property located in the highly sought-after community of Morro Bay! This multi-unit property, built in 1972, offers an excellent opportunity for both investors and house hackers. Situated on a spacious 7,500 square foot lot, the property comprises a single building with a total of four units, generating an annual income of $40,000 with the potential for so much more. Each unit is a comfortable 612 square feet and includes 1 bedroom, 1 full bathroom, a living room, and a well-equipped kitchen. The property features two units on the upper level and two units on the lower level. All units have the added bonus of a pleasant deck and access to a shared yard and barbecue area. The upper units provide breathtaking views of the ocean, Morro Rock, and the iconic 3 Stacks. Additionally, the two lower garages offer four parking spaces, covering approximately 756 square feet of space. The property has seen around $118,000 in upgrades and improvements, including laminate flooring, tile flooring in the bathrooms and kitchen, stylish faux blinds, new lighting fixtures, fresh paint, dual pane windows for enhanced energy efficiency, upgraded landscaping, and new garage doors. Currently, three of the units are leased at $1,285 per month each, while the remaining unit commands a monthly rent of $1,350. For investors, this property represents a lucrative investment opportunity. House hackers have the flexibility to live in one unit while generating rental income from the others. This rare opportunity places you in close proximity to the beach, Embarcadero, and an array of excellent seafood dining and shopping options. Don't miss your chance to invest in this income-generating property in the charming coastal community of Morro Bay! Take your tour here: https://vid.us/9wfrki or call today!

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating only
HOA
None
Price/Sqft
$534/sqft
Listed
111 days ago

Home Details for 365 Surf St

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Bedroom 1, Bedroom 2, Bedroom 3
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4
Appliances & Utilities
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water ConnectedAppliances: Disposal, Gas Range, Refrigerator, RangeDisposalLaundry: NoneRefrigerator
Heating & Cooling
Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: Double Pane Windows, DrapesFlooring: VinylCommon Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1Floors: Vinyl
View
Has a ViewView: Ocean, Peek-A-Boo, Water
Security
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Patio / Porch: PatioNo Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Has a CarportHas a GarageParking Spaces: 4Parking: Carport,Paved
Pool
Pool: None
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 066312009

Price & Status

Price
List Price: $1,425,000Price Per Sqft: $534/sqft
Status Change & Dates
Off Market Date: Fri Jan 19 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Morro Bay

Agent Information

Buyer Agent
Buyer Company Name: The Roda Team

Building

Building Area
Building Area: 2448 Square Feet

Community

Community Features: Street LightsNot Senior Community

HOA

Association for this Listing: California Regional MLSNo HOA

Lot Information

Lot Area: 7500 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Down Payment Resource

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Expense
Tenant Pays: Electricity, Gas

Rental

No Rent Control

Miscellaneous

Mls Number: NS23171047Water ViewWater View: Ocean, WaterAttribution Contact: 805-835-6386

Additional Information

Street Lights
Last check for updates: about 19 hours ago
Listed by Jennifer Dawson DRE #01967230, (805) 835-6386
Platinum Properties
Heather Roda DRE #01353261, (805) 610-9270
Platinum Properties
Bought with: Jennifer Dawson DRE #01967230, (805) 835-6386, Platinum Properties
Originating MLS: California Regional MLS
Source: CRMLS, MLS#NS23171047

Price History for 365 Surf St

DatePriceEventSource
01/25/2024$1,306,375Sold
CRMLS #NS23171047
01/19/2024$1,425,000PendingCRMLS #NS23171047
12/19/2023$1,425,000ContingentCRMLS #NS23171047
11/04/2023$1,425,000PriceChange
CRMLS #NS23171047
10/02/2023$1,475,000Listed For SaleCRMLS #NS23171047

Comparable Sales for 365 Surf St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.09
Multi-Family Home
$1,312,500
07/12/23
3
3
3,500
0.49
Multi-Family Home
$1,039,000
08/18/23
4
3
1,768
0.33
Multi-Family Home
$1,400,000
10/26/23
1
1
8,810
0.98
Multi-Family Home
$1,600,000
06/27/23
7
6
3,571
1.72
Multi-Family Home
$1,830,000
01/09/24
7
11
4,150
0.98
Multi-Family Home
$2,100,000
04/19/24
-
1
3.83
Multi-Family Home
$885,000
12/01/23
5
3
1,999

Assigned Schools

These are the assigned schools for 365 Surf St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

What Locals Say about Morro Bay

  • Donden2
    "Not much traffic and most dogs on leash. Most dogs also seem friendly and well trained and cared for."
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  • Courtney P.
    "Lots of traffic in some areas and tourist. Schools are great and lots of activities to do with the children "
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  • Breezy5110
    "There is a farmers market just down the street. It is small and only lasts for a few hours. There is a trolley during Christmas time that drives around and give stuffed animals and candy canes to all the kids."
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  • Raymezz
    "Safe, quiet, and clean with that small town community feel. Great food, shopping and entertainment within walking distance."
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  • Vonjoncircus
    "We have lots of hills, but the views are beautiful. There’s nothing not to like. Thank you and have a great day"
    7
    Flag
  • Trulia User
    "My commute is very easy and enjoyable. I have lived in the area all of my life and highly recommend it. Beautiful walking paths and lots of outdoor activities. It is a family friendly area."
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  • Nackyann
    "Main Street is close to me and there are many places within walking distance to shop, etc. Also, there are state parks near by and lovely walking trails to explore."
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  • Michelle Leicester Cadaret
    "I've lived in the Beach Trac for 10 years. Safe place to raise a family and the neighbours look out for each other."
    3
    Flag
  • Donden2
    "We walk to the store, movies, restaurants and the beach from our home. very safe place and nice neighbors."
    1
    Flag
  • Concertinab
    "We have lived in this area over 10 years. A great friendly neighborhood. The neighbors look out for each other. We have watched the little children grow up into fine young adults. It is a great place to live."
    1
    Flag
  • Joanne1091
    "It’s quiet and everyone knows everyone. We talk to each other and watch out for others belongings. We all co-operate in dog walking times and smile as we pass."
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  • Rebrunning
    "People are outdoors walking and riding bikes. Many walking dogs. Everyone is friendly—they wave walking by or driving by. Sometimes we have neighborhood potlucks, such as on 4th of July. It’s common to have a friend or neighbor stop by to talk or have a glass of wine. It’s just very friendly and homey"
    1
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  • Concertinab
    "The neighbors are friendly and look out for each other. We live near the beach and enjoy the fresh sea breezes. "
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  • Breanna
    "Everything is within walking distance and everything is nice and well kept. Very nice. I love this area."
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  • Inapeartree
    "Everything is close by within walking distance. Unusually busy on the weekends with the influx of weekenders. Weather is always cool and tolerable even when hot inland. The area is very senior friendly. Great walking up and down the hills. "
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  • Peterhendrix
    "morro bay is a great, homey beach town. prices are a little high but so is all of california. the city council has been a little more progressive than the past so some good things are afoot. "
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  • Patrick R.
    "My 11 years of living in Morro Bay on Morro Cove Road has been safe and amazing."
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LGBTQ Local Legal Protections

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 2024-01-24 10:53:37 PST 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 365 Surf St

Off Market Homes Near 365 Surf St

365 Surf St, Morro Bay, CA 93442 is a 4 bedroom, 4 bathroom, 2,448 sqft multi-family built in 1972. This property is not currently available for sale. 365 Surf St was last sold on Jan 25, 2024 for $1,306,375 (8% lower than the asking price of $1,425,000). The current Trulia Estimate for 365 Surf St is $1,337,600.