260 Pacific St Morro Bay, CA 93442
Estimated payment $6,746/month
Total Views
12,388
3
Beds
2
Baths
1,200
Sq Ft
$929
Price per Sq Ft
Highlights
- No HOA
- Laundry Room
- 4-minute walk to Morro bay dog park
- Del Mar Elementary School Rated A-
- 1-Story Property
About This Home
Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each having individual yards and rear single car garages. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential.
Listing Agent
Century 21 Masters-Arroyo Grande Brokerage Phone: 805-709-4828 License #01354722 Listed on: 05/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,694
Year Built
- Built in 1935
Lot Details
- 5,808 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 2 Car Garage
- Parking Available
- Driveway
Home Design
- Duplex
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Assessor Parcel Number 066115004
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 2 Units
- Beach Tract Subdivision
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Operating Expense $44,000
- Gross Income $58,680
- Net Operating Income $43,920
Map
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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 | $7,694 | $710,128 | $579,828 | $130,300 |
| 2024 | $7,555 | $696,205 | $568,459 | $127,746 |
| 2023 | $7,555 | $682,555 | $557,313 | $125,242 |
| 2022 | $7,082 | $669,173 | $546,386 | $122,787 |
| 2021 | $6,969 | $656,053 | $535,673 | $120,380 |
| 2020 | $6,897 | $649,327 | $530,181 | $119,146 |
| 2019 | $6,826 | $636,596 | $519,786 | $116,810 |
| 2018 | $6,415 | $598,230 | $494,190 | $104,040 |
| 2017 | $6,289 | $586,500 | $484,500 | $102,000 |
| 2016 | $1,277 | $119,079 | $75,016 | $44,063 |
| 2015 | $1,257 | $117,292 | $73,890 | $43,402 |
| 2014 | $1,155 | $114,995 | $72,443 | $42,552 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $1,115,000 | -3.0% | $929 / Sq Ft |
| 05/09/2025 05/09/25 | For Sale | $1,150,000 | +100.0% | $958 / Sq Ft |
| 06/10/2016 06/10/16 | Sold | $575,000 | -3.4% | $479 / Sq Ft |
| 04/26/2016 04/26/16 | Pending | -- | -- | -- |
| 03/06/2016 03/06/16 | For Sale | $595,000 | -- | $496 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $575,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | New Conventional | |
| Closed | $449,000 | New Conventional | |
| Closed | $325,000 | Commercial |
Source: Public Records
Similar Homes in Morro Bay, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25103593
APN: 066-115-004
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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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