Coastal-View
For Sale
$1,230,000
2630 Maple Ave, Morro Bay, CA 93442
Two separate residences include remodeled baths, a kitchenette, full kitchen, decks, and outdoor entertaining areas.
Property Size2,024 SF
Price / SF$607.71
Days on Market53
Property Features for 2630 Maple Ave
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
drought-tolerant landscaping
outdoor living spaces
gas fireplace
sunroom
private deck
backyard patio with fire pit
enclosed upper deck
two front decks
indoor laundry room
Building Details
Year Built
1988
Listing Agency:
Independent Broker Network
Listed By:
Robyn Icenhower · License #01810074
(559) 733-4100
Source:
Livebre
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 7 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Independent Broker Network
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Investment Insights
Based on property information with market context.
This 2,024-square-foot duplex, built in 1988, is arranged as two distinct living spaces. The upper residence includes two bedrooms, two bathrooms, a living room, kitchenette, gas fireplace, remodeled bathrooms, sunroom, and private bedroom deck. The lower residence provides one bedroom, one bathroom, vaulted-ceiling living room, dining area, full kitchen, and indoor laundry. Multiple decks, a backyard courtyard, raised sitting area, patio, and fire pit extend the usable living space outdoors.
Both residences feature views of Morro Rock and the Pacific Ocean. The property is located in Morro Bay, minutes from beaches, the waterfront, shops, restaurants, and outdoor recreation. The configuration also includes an elevated entry and drought-tolerant landscaping.
Both residences feature views of Morro Rock and the Pacific Ocean. The property is located in Morro Bay, minutes from beaches, the waterfront, shops, restaurants, and outdoor recreation. The configuration also includes an elevated entry and drought-tolerant landscaping.
Key Highlights
- 2,024‑square‑foot duplex with two separate residences
- Upper residence offers 2 bedrooms, 2 bathrooms, kitchenette, sunroom, gas fireplace, and private deck
- Lower residence includes 1 bedroom, 1 bathroom, full kitchen, vaulted ceilings, and indoor laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,322
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,440
$846.4K
Cap Rate 7%
$604,600
$604.6K
Cap Rate 9%
$470,244
$470.2K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$61.9K $30.60/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$60.5K $29.87/SF
− OpEx
−$18.1K −$8.96/SF
NOI
$42.3K $20.91/SF
Area
San Luis Obispo County, CA
Vacancy
2.38%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,440
Cap Rate 7%
$604,600
Cap Rate 9%
$470,244
Alternative Uses
Best Use
Multifamily LT 5
$604.6K
$529.0K – $705.4K
NOI $42,322 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$558.2K
$488.4K – $651.2K
NOI $39,073 @ 7.0% cap · market cap 3.18%
Theoretical Best
Healthcare Medical
$796.0K
$696.5K – $928.7K
NOI $55,721 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 93442, CA
11,390
Population
6,537
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
256
Density / Sq Mi
$92,163
Median Household Income
$50,651
Median Earnings
$1,815
Median Rent
$870,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include remodeled baths, a kitchenette, full kitchen, decks, and outdoor entertaining areas.
Where is this duplex located?
The property is located at 2630 Maple Ave Morro Bay, CA.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: 2,024‑square‑foot duplex with two separate residences; Upper residence offers 2 bedrooms, 2 bathrooms, kitchenette, sunroom, gas fireplace, and private deck; Lower residence includes 1 bedroom, 1 bathroom, full kitchen, vaulted ceilings, and indoor laundry
