64
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$2,995,000
Est. payment /mo
8 Beds
8 Baths
6,300 Sqft Lot
New
457 Piney Way Morro Bay, CA 93442
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Morro Heights (810)
MLS Listing ID NS26203103
Bedrooms 8
Lot Size 6,300 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
CONSTRUCTION COMPLETE & FULLY OCCUPIED! PRICED BELOW APPRAISED VALUE! Rare opportunity to own a newly constructed four-unit coastal property just minutes from Main Street, downtown Morro Bay, and the waterfront. This turnkey property combines modern coastal living with excellent income-producing potential. Demonstrating strong rental demand, all four residences were fully leased within just seven days of being offered for rent. The property features a two-story duplex with spacious 3BR/2.5BA residences of approximately 1,768 sq ft and 1,654 sq ft. Both offer open-concept kitchen, dining, and living areas, second-story balconies with partial coastal views, and attached two-car garages. Quality finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and contemporary kitchens with clean coastal styling. Two detached 1BR/1BA ADUs, approximately 526 sq ft each, provide additional rental income. Both feature second-story balconies, with one enjoying partial ocean views from the bedroom and deck. Each of the four residences is separately addressed and metered for electricity and water and includes owned solar and an individual fire sprinkler system reporting directly to the fire department. With all four units currently tenant occupied, this completed property offers immediate rental income and a unique opportunity to own a versatile, newly built investment property in one of the Central Coasts most desirable coastal communities.
Location
State CA
County San Luis Obispo
Zoning Builder
Direction From Morro Bay Blvd South, take Left on Piney Way to corner of Piney Way and Vista
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 066186015
Acceptable Financing Cash
Listing Terms Cash
Listed by Sheri D'Amico, DRE#01924542 BHGRE Haven Properties
Co-listed byTim Harris • BHGRE Haven Properties
Co-listed byTim Harris • BHGRE Haven Properties
NEARBY SCHOOL & BUSINESS
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