1800 Atascadero Road, Morro Bay, California 93442, Morro Bay, 93442 - 4 bed, 4 bath
1800 Atascadero Road
Morro Bay, California 93442
Property Price
SUMMARY
Analysis of 1800 Atascadero Road, Morro Bay, California 93442 is currently available with a list price of $15,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Morro Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 2000, making it 25 years old. According to the criteria, homes built between 25 to 40 years ago with no major recent renovations are classified as fair. While the ranch is a high-value, income-producing agricultural asset with well-maintained infrastructure, the residential components and rental units likely retain original styles and features from the early 2000s that show signs of being outdated compared to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15246000, living area = 3724.
- Exceptional Water Resources
The property features a robust and sustainable water supply including seven wells and riparian rights from Morro Creek, which is critical for maintaining the 100+ acre avocado orchard.
- Diverse Income Streams
This asset offers immediate cash flow through multiple channels, including active avocado production, four residential rental units, and an established roadside retail store.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15246000, other record lot size in square feet = 2130084. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3724, other record living area = 1440. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- High Operational Complexity
Managing a 350-acre agricultural operation alongside multiple rentals and a retail business requires significant specialized labor, oversight, and ongoing maintenance.
- Agricultural Market Risk
The property's primary revenue is tied to avocado production, making the investment sensitive to commodity price fluctuations, crop diseases, and regional climate variability.
About 1800 Atascadero Road
Welcome to this Central Coast Avocado Ranch, a rare 350-acre agricultural gem in the heart of California’s Central Coast. This income-producing ranch is equipped with 7 wells and riparian rights from Morro Creek, ensuring a sustainable and abundant water supply to support its thriving avocado orchards. With over 100 acres already planted, this property also features four income-producing rental units and a quaint roadside store, offering multiple revenue streams. Expansion opportunities abound, including additional plantable acres, a potential online retail operation, and four additional homesites with stunning views of Morro Rock.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 15,246,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 88% |
| Baths | 4.0 | 2.0 | 89% |
| Square foot | 3,724 | 1,484 | 96% |
| Lot Size | 15,246,000 | 4,000 | 98% |
| Price | $15.50M | $970.0K | 98% |
| Price per sq ft | $4.2K | $731 | 98% |
| Built year | 2000 | 1975 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 352 | 169 | 95% |
Pricing History
Listed for Sale
Mar 20, 2025
$15,500,000
Initial Listing