361 Dunes Street Morro Bay, CA

Own a piece of morro bay history! This charming home or turnkey vacation rental right smack dab at the center of downtown morro bay is a must see. Zoned r4 (multi-family) with all the potential in the world, this well located parcel just 5 mins walk from the waterfront features mature landscaping, separate front and back yard hangout areas, barking seals in the distance, single car garage with long driveway, future rv or boat parking potential, and more than enough backyard space to develop further. Buyers may choose to keep as is and take full advantage of upgrades, add an adu out back, or even add a second house (max 30ft height and 60% lot coverage in r4). Buyer to check with city to confirm possibilities. Also worth confirming is the vr permit process. As one of 250 licensed vrs in morro bay, 361 dunes offers the ability to gross over $5k/mo (summer; $3-4k/mo school year). Use this income to build further or simply sit back and reap the benefits of cash flow. Calendar has been kept clear for listing purposes but can resume right away for incoming buyer, as home can be handed over with all furnishings and appliances. Built in 1929, this early colonial home is a lath/plaster/stucco structure that has stood the test of time. Owner has made many improvements since 2016 (while retaining charm and integrity) but doesn't intend to make additional repairs at this time. Swing by an upcoming open house or make an appointment today to see for yourself all this property has to offer!