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260 260 Pacific

Morro Bay, CA 93442
  • $1,075,000
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: PI25233812
UPDATED: 33 min ago
$1,075,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Ratings & Info

Listing Agent(s): James Kelsey of Century 21 Masters-Arroyo Grande (805-489-2100)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-16T14:29:54.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/168602840
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260 260 Pacific Morro Bay, CA 93442

  • Price: $1,075,000
  • Status: Active
  • On Site: 132 Days
  • Updated: 33 min ago
  • ID#: PI25233812
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1935
Built
Neighborhood:
Harbor Tract(760)
County:
San Luis Obispo
Area:
MRBY - Morro Bay
Property Description
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.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 2 Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 4 Common Interest None Community Features Curbs Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 60000 Gross Scheduled Income 60000 Insurance Expense 0 Land Lease YN No Laundry Features In Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Contract Net Operating Income 45000 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 15000 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-16T14:29:54.427. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
 
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Equity Union
860 Walnut St. Ste C
San Luis Obispo CA, 93401
Listing Agent(s): James Kelsey of Century 21 Masters-Arroyo Grande (805-489-2100)