260 Pacific St Morro Bay, CA 93442
Estimated payment $6,179/month
Highlights
- Laundry Room
- 1-Story Property
- 4-minute walk to Morro bay dog park
- Del Mar Elementary School Rated A-
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 a rear two car garage. 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. This property also qualifies for a short term vacation rental license.
Listing Agent
Century 21 Masters-Arroyo Grande Brokerage Phone: 805-709-4828 License #01354722 Listed on: 10/06/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 5,808 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,200 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Listing and Financial Details
- Legal Lot and Block 1 / 20
- Assessor Parcel Number 066115004
Community Details
Overview
- 2 Buildings
- 2 Units
- Harbor Tract Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $15,000
- Gross Income $60,000
- Net Operating Income $45,000
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/28/2026 01/28/26 | Price Changed | $1,075,000 | -4.4% | $896 / Sq Ft | |
| 10/22/2025 10/22/25 | Price Changed | $1,125,000 | -0.9% | $938 / Sq Ft | |
| 10/06/2025 10/06/25 | For Sale | $1,135,000 | +97.4% | $946 / Sq Ft | |
| 06/10/2016 06/10/16 | Sold | $575,000 | -3.4% | $479 / Sq Ft | View Prior Sale |
| 04/26/2016 04/26/16 | Pending | -- | -- | -- | |
| 03/06/2016 03/06/16 | For Sale | $595,000 | -- | $496 / Sq Ft |
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 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25233812
APN: 066-115-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
- 240 Pacific St
- 245 Driftwood St
- 485 Morro Ave
- 600 Morro Bay Blvd Unit B
- 600 Morro Bay Blvd Unit 303
- 1111 Main St
- 1151 Main St
- 1260 Main St
- 731 Butte Ave
- 941 Marina St
- 369 Dunbar St
- 193 Main St
- 173 Sandpiper Ln
- 190 Main St Unit 25
- 163 Sandpiper Ln
- 1140 Allesandro St
- 0 Atascadero Rd
- 1955 Ironwood Ave Unit K
- 475 S Bay Blvd Unit 42
- 545 Quinn Ct
- 300 Kings Ave
- 2530 Koa Ave
- 548 Blanca St Unit A
- 1996 Nevada Ct
- 3287 Ocean Blvd
- 56 Gracia Ave
- 2871 Ocean Blvd
- 2814 Studio Dr
- 408 Stuart Ave Unit ID1308249P
- 2091 Circle Dr
- 580 S Ocean Ave
- 268 Pacific Ave
- 61 Birch Ave
- 158 A N Ocean Ave
- 668 Patricia Dr
- 679 Rancho Dr
- 10885 San Marcos Rd
- 376 Ramona Dr
- 555 Ramona Dr
- 71 Palomar Ave
Ask me questions while you tour the home.