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Curbaril Corner 7955 Morro Rd 62 Unit Apartment Building $3,053,182 CAD ($49,245 CAD/Unit) Atascadero, CA 93422

Apartment Buildings California Atascadero 7955 Morro Rd, Atascadero, CA 93422

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Investment Highlights

  • High traffic counts on Morro Road
  • Water meters are installed
  • Curbs, gutters, and sidewalk improvements are complete
  • Backflow prevention devices are installed

Executive Summary

This entitled project has completed construction documents for 59 residential units and 3 commercial spaces. The project is shovel ready pending new owner handling minor documentation with the City of Atascadero. 3 story walk up design ensures lower construction costs and the location is prime being less than a mile from the blossoming downtown Atascadero area.

Attachments

7955 Morro Road sale Brochure

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $2,427,480 $46.63
Other Income $108,033 $2.08
Vacancy Loss $121,372 $2.33
Effective Gross Income $2,414,140 $46.38
Taxes $339,440 $6.52
Operating Expenses $372,184 $7.15
Total Expenses $711,625 $13.67
Net Operating Income $1,702,515 $32.71

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $2,427,480
Annual Per SF $46.63
Other Income (CAD)
Annual $108,033
Annual Per SF $2.08
Vacancy Loss (CAD)
Annual $121,372
Annual Per SF $2.33
Effective Gross Income (CAD)
Annual $2,414,140
Annual Per SF $46.38
Taxes (CAD)
Annual $339,440
Annual Per SF $6.52
Operating Expenses (CAD)
Annual $372,184
Annual Per SF $7.15
Total Expenses (CAD)
Annual $711,625
Annual Per SF $13.67
Net Operating Income (CAD)
Annual $1,702,515
Annual Per SF $32.71

Property Facts

Price $3,053,182 CAD Apartment Style Garden
Price Per Unit $49,245 CAD Building Class A
Sale Type Investment Lot Size 1.42 AC
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
  • Redevelopment Project
 Construction Status Proposed
No. Units 62 Building Size 52,054 SF
Property Type Multifamily No. Stories 3
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
 Parking Ratio 1.38/1,000 SF
Zoning CP - Commercial Professional/Mixed Use
Price $3,053,182 CAD
Price Per Unit $49,245 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
  • Redevelopment Project
No. Units 62
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Garden
Building Class A
Lot Size 1.42 AC
Construction Status Proposed
Building Size 52,054 SF
No. Stories 3
Parking Ratio 1.38/1,000 SF
Zoning CP - Commercial Professional/Mixed Use

Amenities

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • On-Site Retail
  • Pet Play Area
  • Recycling
  • Renters Insurance Program
  • Smoke Free
  • Trash Pickup - Curbside
  • Wi-Fi
  • Storage Space
  • Composting
  • Pet Washing Station
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 10 $2,211 CAD -
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Number 031-161-044 Total Assessment $303,214 CAD (2025)
Land Assessment $303,214 CAD (2025) Annual Taxes $339,440 CAD ($6.52 CAD/SF)
Improvements Assessment $0 CAD (2025) Tax Year 2026

Property Taxes

Parcel Number
031-161-044
Land Assessment
$303,214 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$303,214 CAD (2025)
Annual Taxes
$339,440 CAD ($6.52 CAD/SF)
Tax Year
2026
(805) 674-4743

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 35166186

  • Date on Market: 2025-03-17

  • Last Updated:

  • Address: 7955 Morro Rd, Atascadero, CA 93422

The Atascadero/Templeton Multifamily Property at 7955 Morro Rd, Atascadero, CA 93422 is currently available. Contact Z Villages Real Estate for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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Map
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 1 of 9
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7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 2 of 9
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7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 3 of 9
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7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 4 of 9
Site Plan
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 5 of 9
Landscape Plan-2
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 6 of 9
East Elevation 2
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 7 of 9
South Elevation (Curbaril Ave.)
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 8 of 9
Corner rendering
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Curbaril Corner | 7955 Morro Rd
(805) 674-4743 x

Curbaril Corner | 7955 Morro Rd

Max Zappas
(805) 674-4743

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