Water Views - New Construction
2996 Alder Avenue Morro Bay, CA
$ 1,675,000
Property Attributes
  • MLS#SP20125722
  • TypePending
  • CityMorro Bay
  • AreaMorro Bay
  • NeighborhoodNorth Morro Bay
  • Zip93442
  • StyleContemporary
  • Price$ 1,675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3784
  • Lot Size6,238 SqFt
Listing Provided Courtesy Of:
Paul Nagy with The Real Estate Office.
Property Description

Brand New Ocean View Income Property in Morro Bay ! Investors, this is what you have long been waiting for. 3 Units Total. Unit 1 an 810 SF 1 bedroom 1 bath with Living Room, Family Room, Kitchen, Dining and an Ocean View Deck. Unit 2 is 1421 SF 3 Bedroom 2 Full Bath with Bonus Room (Think Office or Nursery) with 2 Ocean View Decks. Unit 3 is the Largest Unit with 1553 SF 3 Bedrooms, 2 Full Baths, Bonus Room and 2 Ocean View Decks. All 3 Units have Ocean and White Water Views from the Living Areas. Each Unit has it's own Laundry Facilities. Over-Built even by todays standards, this Impressive Structure has a 3135 SF parking Garage with an Elevator to access the Main Living Level. The Buildings Exterior blends Stucco and Fiber Cement Siding with PolyTuff Water Proof Decking and Extensive Concrete Sitework to create Beautiful Durability and Ease of Maintenance. Interiors will be finished with Vinyl Plank Flooring in the Living Areas and Carpet in the Bedrooms. White "Thermofoil" Shaker Style Cabinetry (Very Resilient) with Solid Surface Counter Tops. Deliberate Foresight allows Comfortable Access for Disabled Folks. Too Many Amenities to List Here. A Must See ! Projected approx. $100,000 Annual Rents ! Construction Complete October 2020. Still Time to Pick Colors !

Price History
6/29/2020 Listed $1,728,000
7/27/2020 4% - $1,675,000

General Features

Accessibility 36 Inch Or More Wide Halls, Accessible Elevator Installed, Entry Slope Less Than 1 Foot, Parking
Appliances Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Range, Tankless Water Heater
Architectural Style Contemporary
Assessments None
Attached Structure Attached
Community Features Biking, Dog Park, Fishing, Golf, Hiking, Watersports, Sidewalks
Construction Materials Concrete, Fiber Cement, Stucco
Directions HWY, East on San Jacinto, North on Alder 1 Block to Sequoia. Subject on Corner
Garage Spaces 6.00
Heating Radiant, High Efficiency
Interior Features Ceiling Fan(s), Elevator, Granite Counters
Levels Three Or More
Listagentaor San Luis Obispo
Listing Agent Paul Nagy - BRE#01877887
Listing Agent State License 01877887
MLS Area MRBY - Morro Bay
Pool Features None
Price Per Square Foot 442.65
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name North Morro Bay (820)
Subdivision Name North Morro Bay (820)
Total Units 3
Utilities Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
View City Lights, Coastline, Ocean
Zoning 10

Interior Features

1st Bedroom Area 810
1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 1421
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area 1553
3rd Bedroom Area Unit Type Square Feet
Appliances Y/N Yes
Common Walls 2+ Common Walls
Heating Y/N Yes
Laundry Features Gas & Electric Dryer Hookup, Upper Level, Stackable, Washer Hookup
Laundry Y/N Yes
Room Type Bonus Room
Studio Area Unit Type Square Feet
Total Stories 3

Exterior Features

Building Area Total 3784.00
Foundation Details Slab
Lot Dimensions 77 x 81
Lot Features 2-5 Units/Acre, Sprinkler System
Lot Size Acres 0.1432
Lot Size Area 6237.0000
Lot Size Source Assessor
Lot Size Square Feet 6237.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 6.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93442

AVG $820K
AVG 55
Year Built
AVG 1996

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