1187 Main Morro Bay, CA $ 1,699,000
1187 Main
$ 1,699,000
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1187 Main

Morro Bay, CA, 93442
$ 1,699,000
Baths1.0 Sq 2,975

Monthly Estimate*

$ 10,461

Listed by Property Pros
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Studio

Multi-Family Home for sale in Morro Bay, CA

for $1,699,000 with 1 full bath. This 2,975 square foot home was built in 2006 on a lot size of 0.16.

Prime income property with ocean views in Morro Bay Exceptional mixed-use investment opportunity in one of the most desirable locations in Morro Bay. Ideally situated within walking distance to both the vibrant Morro Bay Embarcadero and charming downtown shops and restaurants, this property offers strong income potential paired with incredible ocean views. The property features three separate units: Upstairs residential unit: Spacious 3-bedroom, 2-bathroom residence featuring a private balcony with stunning ocean and rock views. The living room and kitchen both capture the coastal scenery creating a bright and inviting living space. Commercial office space: Located downstairs, this securely rented office unit has been occupied by a long-term tenant, providing reliable income. Additional Residential Unit: Comfortable 1-bedroom, 1 bath unit offering flexibility for rental income, guest use or extended living. The property also included two 2-car garages, providing dedicated parking and storage for the residential units, an excellent amenity in this sought -after coastal area. Don't miss this rare opportunity to own this versatile income property in the heart of Morro Bay.

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Multi-Family Active

Price

$ 1,699,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.16

Year Built

2006

Town/City

Morro Bay

County/Region

San Luis Obispo

MLS | Web ID

NS26053910

Days on Market

18

Features
General
Sewer Public Sewer
Heating Central Ductless
Cooling None
Appliances Convection Oven Dishwasher Gas Range
Garage Spaces 2
Pool Features None
Exclusions Cabinets in Garage and reverse osmosis
Year Built 2006
Tenant Pays Gas
View Ocean
Stories Count 2
Levels Two
Property Subtype Triplex
Gross Income 75960
Community Features Fishing
County San Luis Obispo
Net Operating Income 71531
Operating Expense 4429
Insurance Expense 0
New Construction false
Property Type Residential Income
Contingency 1031 exchange
Subdivision Name other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions from hwy 41 head South on Main st towards downtown
City Morro Bay
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 3
MLS Area MRBY - Morro Bay
Lot Size Units Square Feet
Lot Size Square Feet 6970
Listing Terms Cash to New Loan 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 1377
Water Sewer Expense 3052
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 63
Property Sub Type Additional Triplex
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Interior
Interior Amenities Balcony Open Floorplan
Fireplace Features Gas Living Room
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Laundry Features Electric Dryer Hookup Gas Dryer Hookup Laundry Closet In Garage
Entry Level 1
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Exterior
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 6
Inclusions all appliances
Lot Size Area 6970
Number of Buildings 1
Building Area Total 2975
Lot Size Acres 0.16
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Property Pros

Broker

professionalpm1@gmail.com

Email

Affordability Calculator

$10,461
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Monthly Principal & Interest
$10,461
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/14/2026$1,699,000 Listed Price

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1187 Main, Morro Bay, CA, 93442 is a Multi-Family Home for sale at $1,699,000 with 2,975 sqft and a lot size of 0.16. 1187 Main is a studio with 1.0 baths and was built in 2006. The property's zip code is 93442 which is in Morro Bay, CA