Share This Listing

Message

947 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Curbaril Corner 7955 Morro Rd 62 Unit Apartment Building $2,550,000 ($41,129/Unit) Atascadero, CA 93422

Apartment Buildings California Atascadero 7955 Morro Rd, Atascadero, CA 93422

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • High traffic counts on Morro Road
  • Water meters are installed
  • Curbs, gutters, and sidewalk improvements are complete
  • Backflow prevention devices are installed

EXECUTIVE SUMMARY

This entitled project has completed construction documents for 59 residential units and 3 commercial spaces. The project is shovel ready pending new owner handling minor documentation with the City of Atascadero. 3 story walk up design ensures lower construction costs and the location is prime being less than a mile from the blossoming downtown Atascadero area.

ATTACHMENTS

7955 Morro Road sale Brochure

FINANCIAL SUMMARY (PRO FORMA - 2026)

ANNUAL ANNUAL PER SF
Gross Rental Income $1,749,144 $33.60
Other Income $77,844 $1.50
Vacancy Loss $87,456 $1.68
Effective Gross Income $1,739,532 $33.42
Taxes $244,587 $4.70
Operating Expenses $268,181 $5.15
Total Expenses $512,768 $9.85
Net Operating Income $1,226,764 $23.57

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income
Annual $1,749,144
Annual Per SF $33.60
Other Income
Annual $77,844
Annual Per SF $1.50
Vacancy Loss
Annual $87,456
Annual Per SF $1.68
Effective Gross Income
Annual $1,739,532
Annual Per SF $33.42
Taxes
Annual $244,587
Annual Per SF $4.70
Operating Expenses
Annual $268,181
Annual Per SF $5.15
Total Expenses
Annual $512,768
Annual Per SF $9.85
Net Operating Income
Annual $1,226,764
Annual Per SF $23.57

PROPERTY FACTS

Price $2,550,000 Apartment Style Garden
Price Per Unit $41,129 Building Class A
Sale Type Investment Lot Size 1.42 AC
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
  • Redevelopment Project
 Construction Status Proposed
No. Units 62 Building Size 52,054 SF
Property Type Multifamily No. Stories 3
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
 Parking Ratio 1.38/1,000 SF
Zoning CP - Commercial Professional/Mixed Use
Price $2,550,000
Price Per Unit $41,129
Sale Type Investment
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
  • Redevelopment Project
No. Units 62
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Garden
Building Class A
Lot Size 1.42 AC
Construction Status Proposed
Building Size 52,054 SF
No. Stories 3
Parking Ratio 1.38/1,000 SF
Zoning CP - Commercial Professional/Mixed Use

AMENITIES

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • On-Site Retail
  • Pet Play Area
  • Recycling
  • Renters Insurance Program
  • Smoke Free
  • Trash Pickup - Curbside
  • Wi-Fi
  • Storage Space
  • Composting
  • Pet Washing Station
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 10 $1,593 -
1 1

PROPERTY TAXES

Parcel Number 031-161-044 Total Assessment $218,484 (2025)
Land Assessment $218,484 (2025) Annual Taxes $244,587 ($4.70/SF)
Improvements Assessment $0 (2025) Tax Year 2026

PROPERTY TAXES

Parcel Number
031-161-044
Land Assessment
$218,484 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$218,484 (2025)
Annual Taxes
$244,587 ($4.70/SF)
Tax Year
2026
(805) 674-4743

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 35166186

  • Date on Market: 3/17/2025

  • Last Updated:

  • Address: 7955 Morro Rd, Atascadero, CA 93422

More public record information on 7955 Morro Rd, Atascadero, CA 93422

The Atascadero/Templeton Multifamily Property at 7955 Morro Rd, Atascadero, CA 93422 is currently available. Contact Z Villages Real Estate for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 1 of 9
dji_fly_20241031_120920_627_1730481984164_photo_optimized
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 2 of 9
dji_fly_20241031_120830_625_1730481985291_photo_optimized
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 3 of 9
dji_fly_20241031_120954_629_1730481982882_photo_optimized
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 4 of 9
Site Plan
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 5 of 9
Landscape Plan-2
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 6 of 9
East Elevation 2
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 7 of 9
South Elevation (Curbaril Ave.)
7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 8 of 9
Corner rendering
1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Curbaril Corner | 7955 Morro Rd
(805) 674-4743 x

Curbaril Corner | 7955 Morro Rd

Max Zappas
(805) 674-4743

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.