CnC Realty
1 / 13

$769,000

541 Atascadero

Morro Bay, CA 93442

Active

San Luis Obispo

County

Land

Property Type

About this home

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.

Listed by Joel Pace · DRE #01946105 · Joel Pace Real Estate, Inc.
MLS #1155464354
ListedMar 16, 2026

Property Details

Architecture

StoriesN/A
StyleN/A
Total UnitsN/A
RoofN/A
Garage SpacesN/A
PoolN/A
SpaN/A

Features & Amenities

Interior FeaturesN/A
Exterior FeaturesN/A
FlooringN/A
CoolingN/A
HeatingN/A
FireplaceN/A
LaundryN/A
Parking FeaturesN/A
Parking TotalN/A
Patio & PorchN/A
Entry LevelN/A
Entry LocationN/A
Common WallsN/A

Property Features

Lot Size0.21 ac
Lot FeaturesCorner Lot, Gentle Sloping, Value In Land
ViewRocks, Valley
DirectionsHwy 41 --> Left on Hill St. At Corner of Hill and Hwy 41

Community

AreaMRBY - Morro Bay
School DistrictN/A

Tax & Financial

TermsCash, Contract, Owner Will Carry
Land LeaseNo
HOA NameN/A
HOA FeeN/A

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Mortgage Estimate

$4,093/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 8:30 PM

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