1187 Main St Morro Bay, CA 93442
Estimated payment $9,946/month
Highlights
- Ocean View
- Fishing
- No HOA
- Del Mar Elementary School Rated A-
- Open Floorplan
- Hiking Trails
About This Home
Perfect location, live at the beach with rental property attached
Exceptional mixed-use property 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.
Listing Agent
Property Pros Brokerage Phone: 805-975-7631 License #01211718 Listed on: 03/20/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 6,970 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Attached Garage
- 4 Open Parking Spaces
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,975 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Gas Fireplace
- Living Room with Fireplace
- Ocean Views
Kitchen
- Convection Oven
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
Laundry
- Laundry Room
- Laundry in Garage
- Gas And Electric Dryer Hookup
Outdoor Features
- Balcony
Schools
- Morro Bay High School
Utilities
- Ductless Heating Or Cooling System
- Central Heating
Listing and Financial Details
- Legal Lot and Block 63 / 31
- Assessor Parcel Number 066024022
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Fishing
- Hiking Trails
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,899 | $1,282,842 | $390,429 | $892,413 |
| 2024 | $13,648 | $1,257,689 | $382,774 | $874,915 |
| 2023 | $13,648 | $1,233,029 | $375,269 | $857,760 |
| 2022 | $12,793 | $1,208,853 | $367,911 | $840,942 |
| 2021 | $12,589 | $1,185,151 | $360,698 | $824,453 |
| 2020 | $12,460 | $1,173,000 | $357,000 | $816,000 |
| 2019 | $12,331 | $800,000 | $450,000 | $350,000 |
| 2018 | $8,578 | $800,000 | $450,000 | $350,000 |
| 2017 | $7,506 | $700,000 | $350,000 | $350,000 |
| 2016 | $7,345 | $685,000 | $340,000 | $345,000 |
| 2015 | $7,343 | $685,000 | $340,000 | $345,000 |
| 2014 | $6,877 | $685,000 | $340,000 | $345,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $1,669,000 | -1.8% | $561 / Sq Ft | |
| 03/14/2026 03/14/26 | For Sale | $1,699,000 | +47.7% | $571 / Sq Ft | |
| 11/15/2018 11/15/18 | Sold | $1,150,000 | 0.0% | $387 / Sq Ft | View Prior Sale |
| 10/03/2018 10/03/18 | Pending | -- | -- | -- | |
| 09/03/2018 09/03/18 | For Sale | $1,150,000 | -- | $387 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | $1,150,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $970,000 | Fidelity Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $776,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NS26056201
APN: 066-024-022
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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