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For sale
    • Listed by: Property Pros • Lisa Sokolowski • Contact: 805-975-7631
    Price cut: $20K (5/26)
    $1,649,000

    1187 Main St, Morro Bay, CA 93442

    4beds
    2,975sqft
    : 
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    Triplex
    Built in 2006
    -- sqft lot
    $1,603,500 Zestimate®
    $554/sqft
    $-- HOA

    What's special

    Perfect location, live at the beach with rental property attached Exceptional mixed-use property 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.
    105 days
    |
    802
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Sokolowski DRE #01211718 805-975-7631,

    Property Pros

    Source: CRMLS,MLS#: NS26056201MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Kitchen, Living Room
      Heating
      • Central, Ductless
      Cooling
      • None
      Appliances
      • Included: Convection Oven, Dishwasher, Gas Range
      • Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, In Garage
      Features
      • Balcony, Open Floorplan
      • Has fireplace: Yes
      • Fireplace features: Gas, Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,975 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Garage - Attached
      • Attached garage spaces: 2
      • Uncovered spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Pool features: None
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      Lot
      • Size: 6,970 Square Feet
      • Features: 2-5 Units/Acre
      Details
      • Parcel number: 066024022
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Condition
      • New construction: No
      • Year built: 2006

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Fishing, Hiking
      • Subdivision: Other
      Location
      • Region: Morro Bay

      Financial & listing details

      • Price per square foot: $554/sqft
      • Tax assessed value: $1,282,842
      • Annual tax amount: $14,140
      • Date on market: 3/20/2026
      • Cumulative days on market: 105 days
      • Listing terms: Cash to New Loan,1031 Exchange
      • Inclusions: all appliances
      • Exclusions: Cabinets in Garage and reverse osmosis

        Estimated market value

        $1,603,500

        $1.52M - $1.68M

        $5,187/mo

        Price history

        DateEventPrice
        5/26/2026Price change$1,649,000-1.2%$554/sqft
        Source: CRMLS #NS26053910 Report a problem
        3/20/2026Price change$1,669,000-1.8%$561/sqft
        Source: CRMLS #NS26056201 Report a problem
        3/14/2026Listed for sale$1,699,000+47.7%$571/sqft
        Source: CRMLS #NS26053910 Report a problem
        11/15/2018Sold$1,150,000$387/sqft
        Source: Public Record Report a problem
        10/3/2018Pending sale$1,150,000$387/sqft
        Source: Franklin Real Estate & Rentals #SC18202668 Report a problem
        8/22/2018Listed for sale$1,150,000+18.6%$387/sqft
        Source: Franklin Real Estate & Rentals #SC18202668 Report a problem
        8/12/2005Sold$970,000$326/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$14,140 +1.7%$1,282,842 +2%
        2024$13,899 +1.8%$1,257,689 +2%
        2023$13,648 +6.7%$1,233,029 +2%
        2022$12,793 +1.6%$1,208,853 +2%
        2021$12,589 +1%$1,185,151 +1%
        2020$12,460 +1%$1,173,000 +46.6%
        2019$12,331 +43.7%$800,000
        2018$8,578 +14.3%$800,000 +14.3%
        2017$7,506 +2.2%$700,000 +2.2%
        2016$7,345 $685,000
        2015$7,345 $685,000

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 93442

        Getting around

        80 / 100
        Very Walkable
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Morro Bay

        Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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