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.
For sale
Listed by: Property Pros • Lisa Sokolowski • Contact: 805-975-7631
$1,649,000
1187 Main St, Morro Bay, CA 93442
4beds
2,975sqft
Triplex
Built in 2006
-- sqft lot
$1,593,600 Zestimate®
$554/sqft
$-- HOA
What's special
- 201 days
- 540
- 27
Zillow last checked:
Listing updated:
Listed by:
Lisa Sokolowski DRE #01211718 805-975-7631,
Property Pros
Source: CRMLS,MLS#: NS26056201
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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: $1,308,498
- Date on market: 3/20/2026
- Cumulative days on market: 201 days
- Listing terms: Cash to New Loan,1031 Exchange
- Inclusions: all appliances
- Exclusions: Cabinets in Garage and reverse osmosis
Estimated market value
$1,593,600
$1.51M - $1.67M
$6,403/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $1,649,000-1.2%$554/sqft |
Source:  CRMLS #NS26053910 Report a problem | ||
| 3/20/2026 | Price change | $1,669,000-1.8%$561/sqft |
Source: CRMLS #NS26056201 Report a problem | ||
| 3/14/2026 | Listed for sale | $1,699,000+47.7%$571/sqft |
Source: CRMLS #NS26053910 Report a problem | ||
| 11/15/2018 | Sold | $1,150,000$387/sqft |
Source: Public Record Report a problem | ||
| 10/3/2018 | Pending sale | $1,150,000$387/sqft |
Source: Franklin Real Estate & Rentals #SC18202668 Report a problem | ||
| 8/22/2018 | Listed for sale | $1,150,000+18.6%$387/sqft |
Source: Franklin Real Estate & Rentals #SC18202668 Report a problem | ||
| 8/12/2005 | Sold | $970,000$326/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,308,498 +2% |
| 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.Climate risks
Neighborhood: 93442
Nearby schools
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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