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Closed
- Listed price
- $1,185,000
- Listed Aug 31, 2015
- Sold price
- $1,130,000
- Sold Nov 13, 2015
01953 Built|0 MLS days on market
440 Atascadero Rd, Morro Bay, CA 93442
Property Description
440 Atascadero Road is a 12 unit extended stay hotel that is currently being rented month to month. There are 11 studio units with full bath, and one unit that is a one bedroom with one full bath. All units have a kitchen equipped with gas stove, and refrigerator. Each unit has a separate car port for parking. There is also additional parking at the property plus a garage that is currently being rented for storage. In addition there is a small manager' s office and laundry room. There is coin operated, vendor owned, washer and dryer for tenant use. Please note that the motel license is up to date and the property is legally a motel. The property contains a lot of approximately 15,900 square feet. The current zoning is high density commercial visitor serving, however zone changes to multi-residential have been granted in this general area. The property is offered at less than $100,000 per unit, a conservative 5 % cap rate, and 10 GRM. The income projection is based on rent 10/1/15.
Listing agent: Martha FellowsDRE #01452717mfellows@c21everest.com, Listing office: Century 21 Troop Real Estate
MLS data updated 11/3/2026, 6:36:02 PM PT
Source: CRMLSMLS #: V0-215014219
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,130,000
Nov 13, 2015
Available records12015
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93442 · Nov 2026
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ZIP 93442 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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