Huge Opportunity to build a 5-unit multifamily residence. Excellent views. Potential 6%+ cap rate. Seller financing is available. Final permits are at the city. Call today and make it yours.
Lot/land
Listed by: Joel Pace Real Estate, Inc. • Joel Pace • Contact: joelpacere@gmail.com
Price cut: $30K (9/15)
$769,000
541 Atascadero Rd, Morro Bay, CA 93442
--beds
--baths
9,013Square Feet
Unimproved Land
Built in ----
9,013 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 202 days
- 120
- 5
Zillow last checked:
Listing updated:
Listed by:
Joel Pace DRE #01946105 joelpacere@gmail.com,
Joel Pace Real Estate, Inc.
Source: CRMLS,MLS#: SC26059577
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Rocks, Valley
Lot
- Size: 9,013 Square Feet
- Features: Corner Lot, Gentle Sloping, Value In Land
Details
- Parcel number: 068231056
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Golf, Hiking, Park, Water Sports
Location
- Region: Morro Bay
Financial & listing details
- Tax assessed value: $206,973
- Date on market: 3/19/2026
- Cumulative days on market: 202 days
- Listing terms: Cash,Contract,Owner Will Carry
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Price change | $769,000-3.8% |
Source: | ||
| 8/5/2026 | Price change | $799,000-3.6% |
Source: | ||
| 6/17/2026 | Price change | $829,000-5.7% |
Source: | ||
| 3/19/2026 | Listed for sale | $879,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $206,973 +2% |
| 2025 | $2,237 +1.7% | $202,915 +2% |
| 2024 | $2,199 +1.8% | $198,937 +2% |
| 2023 | $2,159 +6.7% | $195,037 +2% |
| 2022 | $2,024 | $191,213 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 93442
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