
Morro Bay, California 93442
This High-Potential Investment Opportunity is a Quadruplex listed at $1,295,000, positioned slightly above the $1,281,002 Fair Market Value. While lacking an equity gap, the property offers significant stability through Diverse Income Streams, including four residential units and three separately rented garages. With a Condition Rating of 4, the asset is functional but primed for modernization to maximize rental yields. Its Prime Coastal Location near Morro Rock ensures consistent tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Investors seeking long-term coastal cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 375 Surf Subject | $1,295,000* List Price | 0 | 0 | 2,448 | $523 | - |
A 1187 Main Active | $1,649,000 List Price | 0 | 0 | 2,975 | $554 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old but remains functional and well-maintained. The kitchen features dated white cabinetry, older appliances, and laminate countertops, while the presence of original-style wall heaters suggests older mechanical systems. It is move-in ready but requires cosmetic and system updates to meet modern standards.
In addition to the four residential units, the property features three extra detached garages currently rented separately, providing a significant boost to the overall rental yield and investment potential.
Situated just minutes from the beach, harbor, and downtown, the property offers iconic views of Morro Rock and the Pacific, ensuring high tenant demand in a premier California beach community.
Each unit includes a rare private garage and access to well-maintained outdoor gathering areas and on-site laundry, offering a level of convenience that distinguishes it from competing multi-family assets.
The property consists exclusively of one-bedroom, one-bathroom units, which restricts the potential tenant pool to individuals or couples and limits appeal for larger households.
Built in 1972, the property may require more frequent maintenance or future capital improvements to modernize building systems and finishes compared to newer developments.
Located in one of the Central Coast's most beloved beach communities, this charming fourplex captures the laid-back lifestyle that makes Morro Bay so special. Just minutes from the beach, harbor, and downtown, the property features four well-maintained one-bedroom, one-bath residences designed for comfortable coastal living. The lower units offer convenient ground-floor access, while the two upper units open to spacious private balconies with views of the surrounding hills, a peek of the Pacific, and the familiar backdrop locals affectionately call “3 Stacks and a Rock,” with Morro Rock standing proudly beyond the iconic smokestacks. Residents can unwind in two inviting outdoor gathering areas, including a sunny shared patio and a beautifully finished paver seating area, perfect for enjoying the ocean air after a day of surfing, beachcombing, or waterfront dining. A rare bonus in Morro Bay, each unit includes its own private garage, while three additional detached garages are currently rented separately, providing valuable extra income. Complete with a shared on-site laundry room, this well-maintained property offers a unique blend of beach-town charm, functionality, and strong investment potential in one of California’s favorite coastal communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,448 | - |
| Lot Size | 7,500 | - |
| Price | $1.29M | $1.33M |
| Price per sq ft | $529 | $869 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 33 | 177 |
Jun 19, 2026
$1,295,000
Initial Listing