Property Detail

541 Atascadero

Morro Bay CA 93442

$769,000

Status: Active

Property Details

Description

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.

Map Location

Listing provided courtesy of Joel Pace of Joel Pace Real Estate, Inc.. Last updated 2026-11-12 09:20:04.000000. Listing information © 2026 CRMLS.

Quinten Sharp

Quinten Sharp

DRE# 00973844
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