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1187 Main

Morro Bay, CA 93442

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$1,699,000

2,975 sq ft
  |  
0.16 acre

1187 Main

Morro Bay, CA 93442

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Listed On: 03/14/2026
Status: Active
Listing Number: NS26053910 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Lisa Sokolowski, Property Pros

 Prime income property with ocean views in Morro Bay Exceptional mixed-use investment opportunity 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.
Property Sub Type
Triplex
Year Built
2006
Year Built Source
Assessor
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
1
Number Of Units Total
3
Entry Level
1
Price Per Square Foot
$571
Price Per Unit
$566,333
Days On London
1
Cumulative Days On London
1
County Or Parish
San Luis Obispo
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Cooling Y/N
No
Heating Y/N
Yes
Directions
from hwy 41 head South on Main st towards downtown
Heating
Ductless, Central
Cooling
None
Laundry Y/N
Yes
Laundry Features
In Garage, In Closet, Gas & Electric Dryer Hookup
Appliances Y/N
Yes
Appliances
Convection Oven, Gas Range, Dishwasher
Interior Features
Balcony, Open Floorplan
Common Walls
No Common Walls
Fireplace Y/N
Yes
Fireplace Features
Gas, Living Room
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number With Refrigerator
2
Number With Range
2
Number With Dishwasher
2
Number With Disposal
2
Number With Carpet
2
Number Of Separate Electric Meters
3
Number Of Separate Gas Meters
3
Number Of Separate Water Meters
1
Water Source
Public
Sewer
Public Sewer
Parking Total
6.00
Garage Spaces
2.00
Uncovered Spaces
4.00
Lot Features
2-5 Units/Acre
Lot Size Area
6970.0000
Lot Size Units
Square Feet
Elevation Units
Feet
View Y/N
Yes
View
Ocean
Common Interest
None
Parcel Number
066024022
Additional Parcels Y/N
No
Subdivision Name
Other (OTHR)
Subdivision Name Other
other
Community Features
Fishing
Senior Community Y/N
No
Inclusions
all appliances
Exclusions
Cabinets in Garage and reverse osmosis
Tenant Pays
Gas
Gross Income
75960.00
Operating Expense
4429.00
Land Lease Y/N
No
Water Sewer Expense
3052.00
Trash Expense
1377.00
Gross Scheduled Income
75960.00
Gross Income
75960.00
Total Expenses
4429.00
Net Operating Income
71531.00
Operating Expense
4429.00
Gross Income
75960.00
Net Operating Income
71531.00
Tax Block
31
Tax Lot
63

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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