310 San Jacinto Street, Morro Bay, CA 93442
Property
Sold January 2024
Listing Agent: Kathy Scruton (DRE #01321040) · Listing Office: Real Estate eBroker Inc. · Contact: 760-722-3222 · Bought with: Ben Tilbury · Keller Williams Realty Central Coast · MLS #SC23215882 · Source: CRMLS
About this property
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.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history