For sale

Listed by: Century 21 Masters • James Kelsey • Contact: 805-489-2100

$1,030,000

260 Pacific St, Morro Bay, CA 93442

3beds

2baths

1,500sqft

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Duplex

Built in 1935

-- sqft lot

$999,400 Zestimate^®

$687/sqft

$-- HOA

What's special

Two blocks from the water, location, location, location! Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has two separate houses and approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each hanvig individual yards and there is a rear two car garage. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential. This property also qualifies for a short term vacation rental license. Whether you are wanting an investment property or a vacation hideaway spot for the family this fits the bill.

56 days

2,284

67

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Appliances

Laundry: None

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 1,500
Total interior livable area: 1,500 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Entry location: 1
Pool features: None

Lot

Size: 5,808 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 066115004
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1935

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Street Lights, Sidewalks
Subdivision: Embarcadero(750)

Location

Region: Morro Bay

Financial & listing details

Price per square foot: $687/sqft
Tax assessed value: $710,128
Annual tax amount: $7,827
Date on market: 5/15/2026
Cumulative days on market: 56 days
Listing terms: 1031 Exchange

Estimated market value

$999,400

$949,000 - $1.05M

$3,440/mo

Price history

Date	Event	Price
5/15/2026	Listed for sale	$1,030,000-7.6%$687/sqft
Source: CRMLS #PI26106185 Report a problem
8/27/2025	Listing removed	$1,115,000-3%$743/sqft
Source: SDMLS #PI25103593 Report a problem
6/23/2025	Listed for sale	$1,150,000+100%$767/sqft
Source: SDMLS #PI25103663 Report a problem
6/9/2016	Sold	$575,000-3.4%$383/sqft
Source: Public Record Report a problem
4/26/2016	Pending sale	$595,000$397/sqft
Source: Franklin Real Estate & Rentals #SC1064251 Report a problem
3/8/2016	Listed for sale	$595,000$397/sqft
Source: Franklin Real Estate & Rentals #SC1064251 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,827 +1.7%	$710,128 +2%
2024	$7,694 +1.8%	$696,205 +2%
2023	$7,555 +6.7%	$682,555 +2%
2022	$7,082 +1.6%	$669,173 +2%
2021	$6,969 +1%	$656,053 +1%
2020	$6,897 +1%	$649,327 +2%
2019	$6,826 +6.4%	$636,596 +6.4%
2018	$6,415 +2%	$598,230 +2%
2017	$6,289 +392.5%	$586,500 +392.5%
2016	$1,277	$119,079 +1.5%
2015	$1,277	$117,292

Find assessor info on the county website

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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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