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Curbaril Corner 7955 Morro Rd 62 Unit Apartment Building $2,200,000 ($35,484/Unit) Atascadero, CA 93422

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

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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 $2,200,000 Apartment Style Garden
Price Per Unit $35,484 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 $2,200,000
Price Per Unit $35,484
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

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7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 1 of 9
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7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 3 of 9
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7955 Morro Rd, Atascadero, CA for sale Building Photo- Image 4 of 9
Site Plan
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South Elevation (Curbaril Ave.)
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Curbaril Corner | 7955 Morro Rd
(805) 674-4743 x

Curbaril Corner | 7955 Morro Rd

Max Zappas
(805) 674-4743

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