240 Pacific, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 2 bath
240 Pacific
Morro Bay, California 93442
Property Price
SUMMARY
Analysis of 240 Pacific, Morro Bay, California 93442 is currently available with a list price of $965,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Morro Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1930, the property has undergone a comprehensive ground-up renovation within the last 5 years. Updates include foundation leveling, new decks, and high-end luxury vinyl plank flooring throughout. The kitchens and bathrooms have been modernized to meet current quality standards, making it a turnkey, high-performing income property with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just half a block from the Morro Bay Embarcadero, this property offers unparalleled walkability to Marina Square, dining, and beaches, making it a premier destination for tourists.
- Proven Revenue Stream
As a turnkey residential income property with reported six-figure annual earnings, it presents a highly attractive and stable investment opportunity with established global appeal.
- Comprehensive Recent Remodel
The duplex has been extensively updated from the ground up, including foundation leveling, new decks, and high-end luxury vinyl flooring, significantly reducing the need for immediate capital expenditures.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With a total of only 768 square feet split between two units, the living quarters are exceptionally compact, which may limit the property's appeal to long-term tenants or larger groups.
- Parking Limitations
While the property includes two onsite spaces, parking in this high-traffic tourist district is often scarce, which could be a logistical challenge for guests during peak seasons.
About 240 Pacific
Currently a cash-flowing property with six-figure earnings, located half a block from Morro Bay Embarcadero and marine life, you don’t want to miss out on this two-unit residential complex overlooking picturesque Morro Rock and its surroundings. An incredible sited parcel steps away from dining, Marina Square, shopping, beaches, and downtown. This duplex offers a true coastal hideaway of unsurpassed natural beauty. The duplex each includes 1 bedroom and 1 bathroom and are enjoyed by visitors around the globe. Both residences were recently remodeled from ground up, including foundation leveling, new decks, and high-end luxury vinyl plank flooring. This coastal getaway offers comfortable living, bedroom space, a full kitchen, and decks that encourage an outdoor living environment. Two onsite parking spaces and one reserved space for the owner. This is a great business opportunity for those looking to invest in a property with expanding future potential.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1930
- Lot Size
- 3,150 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 5.0 | 50% |
| Baths | 2.0 | 4.0 | 50% |
| Square foot | 768 | 2,806 | 50% |
| Lot Size | 3,150 | 219,375 | 50% |
| Price | $965.0K | $1.73M | 50% |
| Price per sq ft | $1.3K | $885 | 50% |
| Built year | 1930 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 155 | 50% |
Pricing History
Listed for Sale
Feb 26, 2026
$965,000
Initial Listing
Price Change
Dec 3, 2025
$1,000,000
Initial Listing
Sold
Mar 29, 2024
$730,000
Public Record
Sold
Jun 16, 2020
$585,000
Public Record
Sold
May 20, 2016
$1,650,000
Public Record
Sold
Nov 19, 2003
$350,000
Public Record