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Morro Bay, CA

$1,649,000

1187 Main, Morro Bay, CA
2006
Built
73
Days listed

About this home

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.

Facts & features

Interior
Interior features
Balcony, Open Floorplan
Appliances
Convection Oven, Dishwasher, Gas Range
Fireplace
Gas, Living Room
Heating
Central, Ductless
Cooling
None
Laundry
Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, In Garage
Levels
Two
Exterior & lot
Lot size
0.16 acres (6,970 sq ft)
Pool
None
View
Ocean
Year built
2006
Parking spaces
6
Community
Area
MRBY - Morro Bay
County
San Luis Obispo
Community features
Fishing
Listing details
Status
Active
Property type
Triplex
Days on market
73
Listed
2026-03-01
Original price
$1,699,000
Terms
Cash To New Loan, Exchange 1031
Parcel #
066024022
MLS #
NS26053910
Listed by
Lisa Sokolowski · Property Pros

Location

Price history

Listed
$1,699,000 · 2026-03-01
Price reduced
$1,649,000 (−$50,000)
Days on market
73
Current price
$1,649,000
Financing

Could this home be yours?

Estimated monthly payment
$10,345
$8,338 principal & interest · $2,006 taxes & insurance
$329,800
Estimate only
Loan $1,319,200

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Listing data provided by CRMLS

Listing courtesy of Property Pros. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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