Located in one of the Central Coast's most beloved beach communities, this charming fourplex captures the laid-back lifestyle that makes Morro Bay so special. Just minutes from the beach, harbor, and downtown, the property features four well-maintained one-bedroom, one-bath residences designed for comfortable coastal living. The lower units offer convenient ground-floor access, while the two upper units open to spacious private balconies with views of the surrounding hills, a peek of the Pacific, and the familiar backdrop locals affectionately call “3 Stacks and a Rock,” with Morro Rock standing proudly beyond the iconic smokestacks. Residents can unwind in two inviting outdoor gathering areas, including a sunny shared patio and a beautifully finished paver seating area, perfect for enjoying the ocean air after a day of surfing, beachcombing, or waterfront dining. A rare bonus in Morro Bay, each unit includes its own private garage, while three additional detached garages are currently rented separately, providing valuable extra income. Complete with a shared on-site laundry room, this well-maintained property offers a unique blend of beach-town charm, functionality, and strong investment potential in one of California’s favorite coastal communities.
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 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.
This rare, newly constructed coastal compound offers an exceptional opportunity to own a versatile four-unit property just moments from Main Street in the heart of beautiful Morro Bay. Designed for modern coastal living, multi-generational flexibility, or owner-occupied income potential, this turnkey property blends lifestyle, investment opportunity, and brand-new construction in one of the Central Coast’s most sought-after communities. The centerpiece is a stunning two-story duplex featuring two spacious residences of approximately 1,768 sq ft and 1,654 sq ft, each offering 3BR/2.5BA with thoughtfully designed open-concept floor plans ideal for everyday living and entertaining. Expansive kitchen, dining, and living spaces flow seamlessly together, while second-story balconies capture partial coastline views, ocean breezes, and beautiful sunsets. Interior finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and sleek contemporary kitchens with modern coastal styling throughout. Complementing the duplex are two detached 1BR/1BA ADUs, each approximately 526 sq ft, providing exceptional flexibility for guests, extended family, executive retreats, or rental income. Both ADUs feature second-story balconies, with one offering partial ocean views from both the bedroom and deck. Built with efficiency and peace of mind in mind, each unit is separately metered for utilities and water, includes owned solar, and is equipped with an individual fire sprinkler system reporting directly to the fire department. Located just minutes from downtown Morro Bay, local dining, shopping, and the waterfront, this unique property offers a rare chance to own a modern coastal legacy property with outstanding flexibility and income-producing potential. Estimated completion is June 2026. Photos will be updated as construction progresses.
Prime income property with ocean views in Morro Bay Exceptional mixed-use investment opportunity 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.
Morro Bay is located in California. Morro Bay, California has a population of 10,785. Morro Bay is less family-centric than the surrounding county with 24.49% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Morro Bay, California is $80,808. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Morro Bay is 51.3 years.
The average high temperature in July is 69.8 degrees, with an average low temperature in January of 44.3 degrees. The average rainfall is approximately 19 inches per year, with 0 inches of snow per year.
