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Curbaril Corner 7955 Morro Rd 62 Unit Apartment Building $3,559,596 CAD ($57,413 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 $2,441,665 $46.91
Other Income $108,664 $2.09
Vacancy Loss $122,082 $2.35
Effective Gross Income $2,428,248 $46.65
Taxes $341,424 $6.56
Operating Expenses $374,359 $7.19
Total Expenses $715,783 $13.75
Net Operating Income $1,712,464 $32.90

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income (CAD)
Annual $2,441,665
Annual Per SF $46.91
Other Income (CAD)
Annual $108,664
Annual Per SF $2.09
Vacancy Loss (CAD)
Annual $122,082
Annual Per SF $2.35
Effective Gross Income (CAD)
Annual $2,428,248
Annual Per SF $46.65
Taxes (CAD)
Annual $341,424
Annual Per SF $6.56
Operating Expenses (CAD)
Annual $374,359
Annual Per SF $7.19
Total Expenses (CAD)
Annual $715,783
Annual Per SF $13.75
Net Operating Income (CAD)
Annual $1,712,464
Annual Per SF $32.90

PROPERTY FACTS

Price $3,559,596 CAD Apartment Style Garden
Price Per Unit $57,413 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 $3,559,596 CAD
Price Per Unit $57,413 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 $2,224 CAD -
1 1

PROPERTY TAXES

Parcel Number 031-161-044 Total Assessment $306,821 CAD (2025)
Land Assessment $306,821 CAD (2025) Annual Taxes $341,424 CAD ($6.56 CAD/SF)
Improvements Assessment $0 CAD (2025) Tax Year 2026

PROPERTY TAXES

Parcel Number
031-161-044
Land Assessment
$306,821 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$306,821 CAD (2025)
Annual Taxes
$341,424 CAD ($6.56 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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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
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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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