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CONSTRUCTION COMPLETE & FULLY OCCUPIED! PRICED BELOW APPRAISED VALUE! Rare opportunity to own a newly constructed four-unit coastal property just minutes from Main Street, downtown Morro Bay, and the waterfront. This turnkey property combines modern coastal living with excellent income-producing potential. Demonstrating strong rental demand, all four residences were fully leased within just seven days of being offered for rent. The property features a two-story duplex with spacious 3BR/2.5BA residences of approximately 1,768 sq ft and 1,654 sq ft. Both offer open-concept kitchen, dining, and living areas, second-story balconies with partial coastal views, and attached two-car garages. Quality finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and contemporary kitchens with clean coastal styling. Two detached 1BR/1BA ADUs, approximately 526 sq ft each, provide additional rental income. Both feature second-story balconies, with one enjoying partial ocean views from the bedroom and deck. Each of the four residences is separately addressed and metered for electricity and water and includes owned solar and an individual fire sprinkler system reporting directly to the fire department. With all four units currently tenant occupied, this completed property offers immediate rental income and a unique opportunity to own a versatile, newly built investment property in one of the Central Coast's most desirable coastal communities.
Property Type(s):
Residential Income
| Last Updated | 10/6/2026 | Tract | Morro Heights (810) |
|---|---|---|---|
| Year Built | 2026 | Community | MRBY - Morro Bay |
| Garage Spaces | 4.0 | County | San Luis Obispo |
Additional Details
| AIR | Electric, ENERGY STAR Qualified Equipment |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer Stacked |
| AREA | MRBY - Morro Bay |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Electric |
| INTERIOR | Ceiling Fan(s), High Ceilings |
| LOT | 6299 sq ft |
| LOT DIMENSIONS | 6300 |
| PARKING | Garage Faces Front |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Morro Heights (810) |
| UTILITIES | Electricity Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
Location
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Listed with BHGRE Haven Properties
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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