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Located in the heart of Morro Bay, this well-maintained 4-unit apartment property offers an exceptional investment opportunity with all four units featuring 1 bedroom, 1 bathroom, and their own private garage. In addition to the four tenant garages, the property includes three extra garages currently generating additional rental income. There is an inviting shared patio sitting area and a finished paver seating area. The two upstairs units feature a large balcony with scenic views of the surrounding hills, the ocean beyond, and Morro Bay's iconic three smokestacks. Additional amenities include a shared on-site laundry room, making this a highly desirable property for both tenants and investors seeking strong rental appeal in one of the Central Coast's most sought-after beach communities.
Property Type(s):
Residential Income
| Last Updated | 5/25/2026 | Tract | North Morro Bay (820) |
|---|---|---|---|
| Year Built | 1972 | Community | MRBY - Morro Bay |
| Garage Spaces | 7.0 | County | San Luis Obispo |
Price History
| Prior to May 16, '26 | $1,500,000 |
|---|---|
| May 16, '26 - May 25, '26 | $1,425,000 |
| May 25, '26 - Today | $1,300,000 |
Additional Details
| AREA | MRBY - Morro Bay |
|---|---|
| GARAGE | Yes |
| LOT | 7501 sq ft |
| LOT DIMENSIONS | 7500 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | North Morro Bay (820) |
| WATER | Public |
Location
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Listed with Anchor Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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