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260 Pacific Street

Morro Bay, CA 93442
  • $1,150,000
  • STATUS: Active
  • ON SITE: 3 Days
  • ID#: PI25103593
New On Site 3 Days Ago
UPDATED: 29 min ago
$1,150,000
  • 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 rear single car garages. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-13T11:28:09.963. 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 Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/163568926
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260 Pacific Street Morro Bay, CA 93442

  • Price: $1,150,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 29 min ago
  • ID#: PI25103593
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1935
Built
Neighborhood:
Beach Tract(730)
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 rear single car garages. 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.
Exterior Features

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

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4 Common Interest None Community Features Street LightsSidewalks Garage YN Yes Gross Income 58680 Gross Scheduled Income 58680 Insurance Expense 0 Land Lease YN No Laundry Features InsideIn Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 43920 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 0 Number Of Units Leased 2 Operating Expense 44000 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 4890 Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-13T11:28:09.963. 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 Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): James Kelsey of Century 21 Masters-Arroyo Grande (805-489-2100)