$3,550,000

201 Main St Morro Bay, CA 93442

Estimated payment $21,277/month

Total Views 11,803
6 Beds
4 Baths
4,457 Sq Ft
$796 Price per Sq Ft

Highlights

  • Property Fronts a Bay or Harbor
  • Fishing
  • Laundry Room
  • Del Mar Elementary School Rated A-
  • 0.55 Acre Lot
  • 3-minute walk to Bayshore Bluffs Park

About This Home

Unique water front property. 201 & 203 Main St. and the leasehold interest in Bay Front Marina in Morro Bay are available providing multiple income streams while also allowing the opportunity to own a residence on the waterfront. The property consists of 3 residences, 2 private offices, and +/- 28 boat slips. There is a large demand for boat slips in Morro Bay with virtually zero vacancy in the last 11 years.

Listing Agent

Steve Davis

McCarty Davis, Inc. Brokerage Phone: 805-704-5727 License #01843738 Listed on: 04/06/2026

McCarty Davis, Inc.

Co-Listing Agent

Alyx Lemos

McCarty Davis, Inc. Brokerage Phone: 805-704-5727 License #02157395

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 23,995 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Two or More Common Walls
  • Level Lot
  • Land Lease of $58,986

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,457 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 066251025

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Harbor Tract Subdivision

Recreation

  • Fishing
  • Water Sports

Building Details

  • Electric Expense $15,145
  • Insurance Expense $19,696
  • Maintenance Expense $25,908
  • Trash Expense $3,417
  • Water Sewer Expense $4,928
  • New Taxes Expense $39,050
  • Operating Expense $166,566
  • Gross Income $385,800
  • Net Operating Income $219,233

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0.55 Acres

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Harbor Tract(760)
  • Water Sewer Expenses: 4928.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 066251025
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 796.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 3417.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Watersports, Fishing

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Land Lease Amount: 58986.20
  • Lot Features: Level
  • Lot Size Sq Ft: 23995.00
  • Lot Size Acres: 0.5508

Multi Family

  • Electric Expense: 15145.00
  • Gross Income: 385800.00
  • Gross Scheduled Income: 385800.00
  • Insurance Expense: 19696.00
  • Lease Term: 12 Months
  • Lot Size Area: 23995.0000 Square Feet
  • Maintenance Expense: 25908.00
  • Net Operating Income: 219233.00
  • Number Of Units Total: 5
  • Operating Expense: 166566.00
  • Rent Control: No
  • Total Expenses: 166566.00
  • Waterfront Features: Bay Front

Tax Info

  • New Taxes Expense: 39050.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $24,318 $2,244,454 $1,804,053 $440,401
2024 $23,879 $2,200,446 $1,768,680 $431,766
2023 $23,879 $2,157,300 $1,734,000 $423,300
2022 $18,337 $1,732,730 $1,617,218 $115,512
2021 $18,045 $1,698,756 $1,585,508 $113,248
2020 $17,860 $1,681,338 $1,569,251 $112,087
2019 $17,675 $1,648,372 $1,538,482 $109,890
2018 $17,328 $1,616,052 $1,508,316 $107,736
2017 $16,988 $1,584,366 $1,478,742 $105,624
2016 $16,655 $1,553,301 $1,449,748 $103,553
2015 $7,751 $723,045 $602,541 $120,504
2014 $7,117 $708,883 $590,739 $118,144
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2026 04/06/26 For Sale $3,550,000 +10.9% $796 / Sq Ft
06/24/2022 06/24/22 Sold $3,200,000 -14.7% $718 / Sq Ft View Prior Sale
06/21/2022 06/21/22 Price Changed $3,750,000 0.0% $841 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
02/23/2022 02/23/22 Price Changed $3,750,000 -3.8% $841 / Sq Ft
01/17/2022 01/17/22 For Sale $3,900,000 -- $875 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $3,200,000 New Title Company Name
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $1,920,000 Fidelity National Title Co
Grant Deed $649,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $950,000 Commercial
Previous Owner $322,700 No Value Available
Closed $0 Construction
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC26073592

California Regional Multiple Listing Service (CRMLS)

APN: 066-251-025

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