213 Dunes Street Morro Bay, CA $ 2,290,000
213 Dunes Street
$ 2,290,000
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213 Dunes Street

Morro Bay, CA, 93442
$ 2,290,000
Bedrooms-- Baths4.0 Sq 3,494

Monthly Estimate*

$ 15,816

Listed by Linda Wilson, Central Coast Sotheby's International Realty, linda@wcsir.com
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Multi-Family Home for sale in Morro Bay, CA

for $2,290,000 with 4 full baths. This 3,494 square foot home was built in 1989 on a lot size of 0.12.

A distinctive opportunity for coastal living and investment, ideally situated just steps from the water and moments from Morro Bay’s vibrant Embarcadero and downtown. Captivating bay and ocean views bring the beauty and sounds of the waterfront to life, while inviting outdoor decks provide the perfect setting to relax and embrace the coastal lifestyle. Extensively renovated in 2019 and 2023, this versatile four-unit property seamlessly blends comfortable coastal living with established short-term rental accommodations and the potential for additional income. Offering approximately 2,960 square feet of finished living space, the property features a main-level, one-bedroom owner's residence with a full kitchen, living room, laundry room, storage and bathroom. Upstairs, a second one-bedroom unit offers a full kitchen, living room, bathroom, sitting room (currently being used as a 2nd bedroom) and spectacular water views. Two additional upstairs studios each feature a kitchenette-style prep area and private bathroom. Three garages provide parking for up to five vehicles. Currently, the owners occupy one unit while operating the remaining three as short-term rentals, with an emphasis on providing a quiet, high-quality guest experience. The owner's residence presents an opportunity to generate additional rental income, offering flexibility for a future owner to enjoy the property as a personal coastal retreat, an income-producing investment, or a combination of both. Originally operated as a bed and breakfast, the property is situated within the C-VS (Visitor-Serving Commercial) and R-3 (Multifamily Residential) zoning districts. Short-term rental operations are permitted under applicable zoning provisions and are exempt from the City's residential short-term rental cap and waitlist, subject to City requirements. Upon acquisition, new owners must obtain their own City of Morro Bay business license and Transient Occupancy Tax (TOT) Certificate. The property is served by a single utility account, with one meter each for water, electricity, and gas. Buyers are advised to independently verify zoning, permitted uses, licensing requirements, and all regulations governing future rental operations with the City of Morro Bay.

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Multi-Family Active

Price

$ 2,290,000

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.12

Year Built

1989

Town/City

Morro Bay

County/Region

San Luis Obispo

MLS | Web ID

SC26221926

Days on Market

3

Features
General
Sewer Public Sewer
Heating Combination Forced Air Natural Gas Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Composition
Appliances Electric Cooktop Microwave Refrigerator Self Cleaning Oven Water Heater
HOA Fee 0
Garage Spaces 5
Architectural Style Bungalow Cape Cod
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Vertical Siding Wood Siding Copper Plumbing
Year Built 1989
Electric Standard
View Bay City Lights Ocean
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 0
Waterfront Features Across the Road from Lake/Ocean Navigable Water Ocean Side Of Highway
Community Features Curbs Gutter(s) Storm Drain(s) Street Lights Sidewalks
County San Luis Obispo
Net Operating Income 76292
Operating Expense 21529
Insurance Expense 4400
New Construction false
Property Type Residential Income
HOA false
Contingency none
Subdivision Name Embarcadero(750)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Main st to Dunes
City Morro Bay
Disclosures Coastal Zone Licensed Vacation Rental
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area MRBY - Morro Bay
Lot Size Units Square Feet
Lot Size Square Feet 5227
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1200
Fuel Expense 0
Property Condition Building Permit Updated/Remodeled
Trash Expense 700
Water Sewer Expense 1800
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 13
Property Sub Type Additional Mixed Use
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Interior
Interior Amenities Balcony Ceiling Fan(s) Main Level Primary
Flooring Carpet Stone Tile Vinyl
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Inside In Garage
Entry Level 1
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Exterior
Exterior Amenities Awning(s) Lighting Rain Gutters
Fencing Average Condition Brick Wood
Parking Features Door-Multi Direct Access Door-Single Driveway Garage Garage Door Opener Paved
Lot Features Level Paved Rectangular Lot Street Level
Water Source Public
Total Parking 5
Lot Size Area 5227
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 3494
Lot Size Acres 0.12
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type City Street
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* Excluded Features
List By
Linda Wilson

Listing Agent

Central Coast Sotheby's International Realty

Broker

linda@wcsir.com

Email

Affordability Calculator

$15,816
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Monthly Principal & Interest
$15,816
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Default based on a 30-year fixed rate of 7.375% 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
10/20/2026$2,290,000 Listed Price

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213 Dunes Street, Morro Bay, CA, 93442 is a Multi-Family Home for sale at $2,290,000 with 3,494 sqft and a lot size of 0.12. 213 Dunes Street has 4.0 baths and was built in 1989. The property's zip code is 93442 which is in Morro Bay, CA