375 Surf Morro Bay, CA $ 1,500,000
375 Surf
$ 1,500,000
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375 Surf

Morro Bay, CA, 93442
$ 1,500,000
Baths0.0 Sq 2,448

Monthly Estimate*

$ 9,236

Listed by Anchor Real Estate
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Studio

Multi-Family Home for sale in Morro Bay, CA

for $1,500,000. This 2,448 square foot home was built in 1972 on a lot size of 0.1722.

Located in the heart of Morro Bay, this well-maintained 4-unit apartment property offers an exceptional investment opportunity with all four units featuring 1 bedroom, 1 bathroom, and their own private garage. In addition to the four tenant garages, the property includes three extra garages currently generating additional rental income. There is an inviting shared patio sitting area and a finished paver seating area. The two upstairs units feature a large balcony with scenic views of the surrounding hills, the ocean beyond, and Morro Bay’s iconic three smokestacks. Additional amenities include a shared on-site laundry room, making this a highly desirable property for both tenants and investors seeking strong rental appeal in one of the Central Coast’s most sought-after beach communities.

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1722

Year Built

1972

Town/City

Morro Bay

County/Region

San Luis Obispo

MLS | Web ID

NS26098078

Days on Market

11

Features
General
Sewer Public Sewer
Garage Spaces 7
Pool Features None
Year Built 1972
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 77400
Community Features Suburban
County San Luis Obispo
Net Operating Income 50004
Operating Expense 27396
Insurance Expense 2328
New Construction false
Property Type Residential Income
Contingency PLEASE READ: There is a Right Of First Refusal on the property by one of the neighboring owners. They have given no indication they will exercise the ROFR. All offers must give the seller a 14 day contingency and the offer must be available to present to the holder of the ROFR.
Subdivision Name North Morro Bay (820)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions HWY 1 to Main St. South on Main. Left on Surf. Property on the Left.
City Morro Bay
Entry Location 2 down 2 up
Senior Community Y/N false
Number Of Units Total 4
MLS Area MRBY - Morro Bay
Lot Size Units Square Feet
Lot Size Square Feet 7500
Listing Terms Cash Cash to New Loan 1031 Exchange FHA Owner Will Carry Owner May Carry
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 360
Fuel Expense 336
Trash Expense 2412
Water Sewer Expense 5760
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 3
Property Sub Type Additional Quadruplex
Taxes 16200
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Interior
Total Stories 2
Common Walls 1 Common Wall
Laundry Features Common Area
Entry Level 2
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Exterior
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 7
Lot Size Area 7500
Number of Buildings 1
Building Area Total 2448
Lot Size Acres 0.1722
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
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* Excluded Features
List By
Anchor Real Estate

Broker

ericsmith88@yahoo.com

Email

Affordability Calculator

$9,236
Per Month
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Monthly Principal & Interest
$9,236
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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
5/7/2026$1,500,000 Listed Price

Map


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375 Surf, Morro Bay, CA, 93442 is a Multi-Family Home for sale at $1,500,000 with 2,448 sqft and a lot size of 0.1722. 375 Surf is a studio with 0.0 baths and was built in 1972. The property's zip code is 93442 which is in Morro Bay, CA