1187 Main, Morro Bay, California 93442, Morro Bay, 93442 - 4 bed, 4 bath
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Morro Bay, California 93442
This Versatile Mixed-Use Triplex represents a stable coastal asset listed at $1,669,000—positioned well below the $1,678,000 Fair Market Value by 1%. This pricing provides $9,000 in Instant Equity upon acquisition. Maintaining a Good Condition Rating, the property features a primary 3-bedroom residence with unobstructed Ocean and Morro Rock views, a secondary 1-bedroom unit, and a steady commercial office. With two 2-car garages and a prime location near the Embarcadero, it balances lifestyle with diversified income. This is a premier choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1187 Main Subject | $1,669,000* List Price | 4 | 4 | 2,975 | $564 | - |
A 1187 Main Active | $1,699,000 List Price | 0 | 0 | 2,975 | $571 | 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 bracket for a 'good' rating. The units appear well-maintained and move-in ready with functional systems. The main kitchen features granite countertops and stainless steel appliances, while the secondary unit is clean with standard white appliances. While the oak cabinetry and carpeted areas reflect the original 2006 styling rather than a recent modern renovation, the overall condition shows minimal wear and tear and no immediate need for major repairs.
This mixed-use triplex offers diversified revenue streams through a 3-bedroom primary residence, a 1-bedroom unit, and a long-term commercial office space, making it ideal for investors or owner-occupants.
Perfectly situated within walking distance to the Embarcadero and downtown Morro Bay, the property boasts exceptional views of the ocean and Morro Rock from the upstairs living areas and private balcony.
The inclusion of two separate 2-car garages is a rare and highly valuable amenity in this sought-after coastal area, providing dedicated parking and storage for multiple units.
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 residential and commercial leases, which may involve more complex insurance and financing requirements than a standard single-family home.
Located on Main Street near the downtown core, the property may experience higher levels of street noise and pedestrian activity, potentially impacting the quiet enjoyment of the residential units.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,975 | 3,242 | 33% |
| Lot Size | 6,970 | 23,632 | 33% |
| Price | $1.67M | $1.75M | 33% |
| Price per sq ft | $561 | $540 | 67% |
| Built year | 2006 | 1930 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 216 | 33% |
Mar 20, 2026
$1,669,000
Initial Listing
Nov 15, 2018
$1,150,000
Public Record
Aug 12, 2005
$970,000
Public Record