Morro Bay, CA 93442,695 Olive Street
Morro Bay, CA 93442,695 Olive Street
Morro Bay, CA 93442,695 Olive Street
Morro Bay, CA 93442,695 Olive Street
Morro Bay, CA 93442,695 Olive Street
Morro Bay, CA 93442,695 Olive Street
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$911,780

$985,000

7.4%
Est.Price: ?

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Est. payment /mo

3 Beds

2 Baths

1,648 SqFt


SOLD DATE : 02/01/2023

Key Details

Sold Price $911,780

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,648 sqft

Price per Sqft $553

MLS Listing ID SC22256766

Sold Date 02/01/23

Style Detached

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1952

Lot Size 6,300 Sqft

Acres 0.1446

Property Description

Check out this property with two homes on a corner lot in the heights of Morro Bay. The main house has 2 bedrooms, 1 bath, with hardwood floors in the living room, bonus room, and both bedrooms. Both the large kitchen and bath have vinyl flooring. The home features a nice fireplace and has an ocean view deck off the kitchen, and a downstairs workshop, storage room, and laundry room. For those that have an artistic touch the home could use a new coat of paint inside and out and new vinyl flooring in the kitchen and bathroom. There is lots of space to putter in the two-car detached garage, or in the professionally designed landscape with an herbal garden. It also has a separate front yard patio deck for entertaining your neighbors. The other home has 1 bedroom, 1 bath, it's quaint and clean with a nice ocean view deck, a new roof, a new hot water heater, and the exterior was freshly painted also. Both homes are tenant occupied on a month-to-month tenancy with total rents of $2,800 per month. The property is perfect for a retired couple to enjoy and have additional income to pay for taxes, insurance, and upkeep or keep as an investment rental property. Within walking distance to Morro Bay's famous Embarcadero, a short drive to Hearst Castle, the north county with over 432 wineries, and the Mission of San Luis Obispo.
Check out this property with two homes on a corner lot in the heights of Morro Bay. The main house has 2 bedrooms, 1 bath, with hardwood floors in the living room, bonus room, and both bedrooms. Both the large kitchen and bath have vinyl flooring. The home features a nice fireplace and has an ocean view deck off the kitchen, and a downstairs workshop, storage room, and laundry room. For those that have an artistic touch the home could use a new coat of paint inside and out and new vinyl flooring in the kitchen and bathroom. There is lots of space to putter in the two-car detached garage, or in the professionally designed landscape with an herbal garden. It also has a separate front yard patio deck for entertaining your neighbors. The other home has 1 bedroom, 1 bath, it's quaint and clean with a nice ocean view deck, a new roof, a new hot water heater, and the exterior was freshly painted also. Both homes are tenant occupied on a month-to-month tenancy with total rents of $2,800 per month. The property is perfect for a retired couple to enjoy and have additional income to pay for taxes, insurance, and upkeep or keep as an investment rental property. Within walking distance to Morro Bay's famous Embarcadero, a short drive to Hearst Castle, the north county with over 432 wineries, and the Mission of San Luis Obispo.

Location

State CA

County San Luis Obispo

Area Morro Bay (93442)

Zoning R2

Interior

Fireplaces Type FP in Living Room

Laundry Laundry Room

Exterior

Garage Spaces 2.0

View Bay, Ocean, Marina, Rocks

Total Parking Spaces 2

Building

Lot Description Corner Lot

Lot Size Range 4000-7499 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Others

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

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San Diego Regional MLS (SDMLS)
Listed by Jack Franklin • Franklin Real Estate & Rentals
Bought with Sarah Diggs • Vintage Investment Properties
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