1187 Main, Morro Bay, California 93442, Morro Bay, 93442 - 0 bed, 0 bath
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Morro Bay, California 93442
This Versatile Mixed-Use Triplex is listed at $1,699,000, positioned accurately alongside its $1,690,000 Fair Market Value to reflect the long-term stability of the Morro Bay coastal market. Boasting a Good Condition Rating, the property features a 3-bedroom primary residence with stunning Ocean and Morro Rock views, a secondary 1-bedroom unit, and a commercial office with a long-term tenant. The inclusion of two 2-car garages provides a rare competitive edge for coastal rentals. This diversified asset is a premier choice for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1187 Main Subject | $1,699,000* List Price | 0 | 0 | 2,975 | $568 | - |
A 1187 Main Active | $1,669,000 List Price | 4 | 4 | 2,975 | $561 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age range for a 'good' rating. The interior is move-in ready and well-maintained, featuring a kitchen with granite countertops, stainless steel appliances, and solid wood cabinetry. Flooring consists of a mix of tile and clean carpeting, and the bathrooms appear functional with standard modern fixtures. While the style reflects its mid-2000s construction rather than a recent high-end renovation, the overall condition shows minimal wear and tear.
This mixed-use triplex features a 3-bedroom residence, a 1-bedroom unit, and a commercial office, providing multiple revenue sources and reducing vacancy risk for investors.
Ideally situated within walking distance to the Embarcadero and downtown Morro Bay, the property offers highly desirable ocean and Morro Rock views from the primary residence.
The inclusion of two 2-car garages provides rare and ample parking and storage for tenants, a significant competitive advantage in a high-density coastal tourist area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2975, other record living area = 2524.
The mixed-use nature of the property requires managing both commercial and residential leases, which may involve more complex insurance and specialized financing requirements.
Being located on Main Street near the downtown core may result in increased noise and foot traffic, potentially impacting the quiet enjoyment and privacy of the residential occupants.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,975 | 3,242 | 33% |
| Lot Size | 6,970 | 23,632 | 33% |
| Price | $1.70M | $1.75M | 33% |
| Price per sq ft | $571 | $540 | 67% |
| Built year | 2006 | 1930 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 216 | 33% |
Mar 14, 2026
$1,699,000
Initial Listing
Nov 15, 2018
$1,150,000
Public Record
Aug 12, 2005
$970,000
Public Record