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768 El Morro Ave 2 Unit Apartment Building Offered at $1,503,755 CAD San Luis Obispo, CA 93402
Investment Highlights
- 2 blocks from the ocean. This property is located withing walking distance, to restaurants, farmer's markets, and cafes
- Flexible layout. This property allows for a live work space, 2 residential units, short term rental, long term rental, multi generational living
- Peek a boo view of the ocean from the 2nd story bedroom
Executive Summary
Coastal Property with Dual Living Spaces | Mixed-Use Zoning | Baywood Location Located approximately two blocks from the Pacific Ocean in the heart of Baywood, this flexible coastal property offers dual living spaces and mixed-use zoning in a highly desirable Los Osos neighborhood. The property is currently configured as: • Upper level: 2-bedroom, 1-bath residence • Lower level: 1-bedroom, 1-bath unit currently utilized as a short-term rental. This configuration allows for potential income generation or owner occupancy with rental flexibility. The layout easily converts into a single larger residence. Mixed-use zoning provides additional flexibility for future use, subject to local regulations. The property has an established rental history. Detailed financial information available upon request. Outdoor living features include a thoughtfully designed backyard space with a gas fire pit, outdoor soaking tub, and areas for relaxation and entertaining. From the upper front bedroom, there is a peek of the ocean. The location offers convenient access to the bay, local wine tasting rooms, weekly farmers market, coffee shops, dining, and other Baywood amenities. The community has experienced ongoing revitalization while maintaining its coastal character. This property presents a versatile opportunity in a sought-after Central Coast location.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$131,629
|
$68.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,629
|
$68.56
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $131,629 |
| Annual Per SF | $68.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $131,629 |
| Annual Per SF | $68.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,503,755 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $751,878 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,920 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 2 | Year Built | 1988 |
| Property Type | Multifamily | ||
| Zoning | Residential Office - Mixed use, residential/ office. First floor is residenital office, 2nd floor is residential | ||
| Price | $1,503,755 CAD |
| Price Per Unit | $751,878 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.07 AC |
| Building Size | 1,920 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Zoning | Residential Office - Mixed use, residential/ office. First floor is residenital office, 2nd floor is residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,920 |
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768 El Morro Ave
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