Residential Income Property Near
New
For Sale
$125,000
495 4 Atascadero Rd, Morro Bay, CA 93442
The 55+ park includes shared laundry facilities and a community bathroom and shower.
Property Size352 SF
Price / SF$355.11
Days on Market2
Property Features for 495 4 Atascadero Rd
General Information
Standard status
Active
Size
352 SF
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
shared laundry facilities
community bathroom and shower
Building Details
Year Built
2006
Buildings
1
Listing Agency:
NextHome Central Coast
(805) 773-7777
Listed By:
Chris Cucchiara · License #02023880
(805) 285-8110
Source:
Kaleorealestate
Added: Oct 23
Last Checked: Oct 23 at 4:09PM
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 NextHome Central Coast
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Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bath mobile home in Morro Bay measures approximately 352 square feet and was built in 2006. Its interior has vaulted ceilings, an open living area, a kitchen with Samsung appliances and cabinet storage, and double-pane windows. Updates include newer flooring, newer exterior paint, a newer water heater, and a brand-new bathroom sink. The unit is described as being in good condition inside and out.
The home is in Buoy & Gull Trailer Terrace, a 55+ community. Views of Morro Rock are available, and the beach, downtown shops, restaurants, and the Embarcadero are described as a short walk away. Shared laundry, a community bathroom, and a shower serve the park. Park management approval is required for the buyer.
The home is in Buoy & Gull Trailer Terrace, a 55+ community. Views of Morro Rock are available, and the beach, downtown shops, restaurants, and the Embarcadero are described as a short walk away. Shared laundry, a community bathroom, and a shower serve the park. Park management approval is required for the buyer.
Key Highlights
- 1‑bedroom, 1‑bath mobile home with approximately 352 square feet
- Built in 2006
- Located in the 55+ Buoy & Gull Trailer Terrace community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,795
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,900
$135.9K
Cap Rate 7%
$97,071
$97.1K
Cap Rate 9%
$75,500
$75.5K
Market Conditions
NOI Build-Up for 352 SF
Gross rent
$12.7K $36.00/SF
− Vacancy
−$317 −$0.90/SF
EGI
$12.4K $35.10/SF
− OpEx
−$5.6K −$15.80/SF
NOI
$6.8K $19.31/SF
Area
San Luis Obispo County, CA
Vacancy
2.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,900
Cap Rate 7%
$97,071
Cap Rate 9%
$75,500
Alternative Uses
Best Use
Apartment 5plus
$97.1K
$84.9K – $113.3K
NOI $6,795 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$138.4K
$121.1K – $161.5K
NOI $9,691 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
204
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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Frequently Asked Questions
What type of property is this?
Residential income property - The 55+ park includes shared laundry facilities and a community bathroom and shower.
Where is this residential income property located?
The property is located at 495 4 Atascadero Rd Morro Bay, CA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath mobile home with approximately 352 square feet; Built in 2006; Located in the 55+ Buoy & Gull Trailer Terrace community
