260 260 Pacific, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 2 bath
260 260 Pacific
Morro Bay, California 93442
Property Price
SUMMARY
Analysis of 260 260 Pacific, Morro Bay, California 93442 is currently available with a list price of $1,075,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1935, this vintage duplex is well-maintained with a recently replaced roof and gutters, but the interior finishes—including the kitchens and bathrooms—are dated and show significant signs of age. While functional and currently generating rental income, the property features older appliances, basic light fixtures, and aged flooring that require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property includes approved plans for a third unit and potential for both an ADU and Jr. ADU, offering massive value-add opportunities for investors looking to maximize density.
- Prime Downtown Location
Situated in the heart of Morro Bay near the Embarcadero, the property benefits from high walkability, Back Bay views, and eligibility for a lucrative short-term vacation rental license.
- Strong Income Foundation
With two existing free-standing units (2/1 and 1/1) that already command great rents and feature a new roof and gutters, the property provides immediate cash flow during the development phase.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure Risks
Built in 1935, the property's age suggests that underlying systems like plumbing and electrical may require costly modernization to support increased density and modern standards.
- High Capital Requirement
While the upside is significant, realizing the full development potential will require substantial additional capital investment for construction, permits, and site improvements.
About 260 260 Pacific
Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each having individual yards and a rear two car garage. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential. This property also qualifies for a short term vacation rental license.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1935
- Lot Size
- 5,808 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 5.5 | 50% |
| Baths | 2.0 | 4.0 | 50% |
| Square foot | 1,200 | 3,022 | 50% |
| Lot Size | 5,808 | 220,704 | 50% |
| Price | $1.07M | $1.78M | 50% |
| Price per sq ft | $896 | $704 | 50% |
| Built year | 1935 | 1918 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 151 | 183 | 50% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,075,000
Initial Listing
Price Change
Oct 7, 2025
$1,135,000
Initial Listing
Sold
Jun 9, 2016
$575,000
Public Record