$990,000
SOLD AUG 5, 2026
3 Beds
2 Baths
1,500 Sq Ft
5,808 Sq Ft Lot

Sale Details

Date Sold: August 5, 2026

$660 Per Sq Ft

4% Below List Price

68 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • 2-minute walk to Morro bay dog park
  • Del Mar Elementary School Rated A-

About This Home

As of August 2026

Two blocks from the water, location, location, location! Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has two separate houses and 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 hanvig individual yards and there is 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. Whether you are wanting an investment property or a vacation hideaway spot for the family this fits the bill.

Last Agent to Sell the Property

Jim Kelsey CCIM

Century 21 Masters Brokerage Phone: 805-709-4828 License #01354722 Listed on: 05/15/2026

Century 21 Masters

Last Buyer's Agent

Jim Kelsey CCIM

Century 21 Masters Brokerage Phone: 805-709-4828 License #01354722 Listed on: 05/15/2026

Century 21 Masters

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 5,808 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 1 / 20
  • Assessor Parcel Number 066115004

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units
  • Embarcadero Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $17,820
  • Gross Income $59,400
  • Net Operating Income $44,550

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

5,808 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Embarcadero(750)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 066115004
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 660.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5808.00
  • Lot Size Acres: 0.1333

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Lot Size Area: 5808.0000 Square Feet
  • Net Operating Income: 44550.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17820.00
  • Rent Control: No
  • Total Expenses: 17820.00

Tax Info

  • Tax Block: 20
  • Tax Lot: 1

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2026
Closed on
Jul 24, 2026
Sold by
Wood Patricia M
Bought by
Seller's Agent
Jim Kelsey CCIM
Century 21 Masters
Buyer's Agent
Jim Kelsey CCIM
Century 21 Masters
List Price
$1,030,000
Sold Price
$990,000
Premium/Discount to List
-$40,000
-3.88%
Views
124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-40.84%

Purchase Details

Closed on
Feb 1, 2018
Sold by
Wood Patricia M and Guerriero Elizabeth Ann
Bought by
Wood Patricia M

Purchase Details

Listed on
Mar 6, 2016
Closed on
May 2, 2016
Sold by
Sinclair Edward J and Edward J Sinclair Trust
Bought by
Elizabeth Ann Guerriero Revocable Trust
Seller's Agent
Jack Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Jim Kelsey CCIM
Century 21 Masters
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%
Original Mortgage
$325,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2014
Sold by
Sinclair Edward J
Bought by
Sinclair Edward J and Edward J Sinclair Trust

Purchase Details

Closed on
Mar 8, 2002
Sold by
Nored Yvonne L
Bought by
Nored Dennis E and Nored Yvonne L

Purchase Details

Closed on
Jun 5, 1998
Sold by
Oconnor Michael J
Bought by
Oconnor Theresa A

Purchase Details

Closed on
Sep 10, 1997
Sold by
Sinclair Edward J and Daniel Sinclair Trust
Bought by
Sinclair Edward J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Morro Bay, CA

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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
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

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
Open $525,000 New Conventional
Closed $449,000 New Conventional
Closed $325,000 Commercial
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2026 08/05/26 Sold $990,000 -3.9% $660 / Sq Ft
07/22/2026 07/22/26 Pending -- -- --
05/15/2026 05/15/26 For Sale $1,030,000 +79.1% $687 / 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
Source: California Regional Multiple Listing Service (CRMLS)

Tax 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.

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
2026 $7,827 $724,330 $591,424 $132,906
2025 $7,827 $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

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI26106185

California Regional Multiple Listing Service (CRMLS)

APN: 066-115-004

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