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
Price:
$1,075,000
MLS #:
PI25234438
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Duplex
Subdivision:
Harbor Tract760
Neighborhood:
mrbymorrobay
Listed Date:
Oct 7, 2025
Finished Sq Ft:
1,200
Lot Size:
5,808 sqft / 0.13 acres (approx)
Year Built:
1935
See this Listing
Schools
School District:
San Luis Coastal Unified
Interior
Bathrooms
2 Full Bathrooms
Cooling
NO
Laundry Features
IK
Exterior
Community Features
CRB
Parking Spots
1
Financial
Map
Community
- Address264 Pacific Morro Bay CA
- SubdivisionHarbor Tract(760)
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
Subdivisions in Morro Bay
Market Summary
Current real estate data for Single Family in Morro Bay as of Feb 18, 2026
34
Single Family Listed
92
Avg DOM
769
Avg $ / SqFt
$1,328,557
Avg List Price
Property Summary
- Located in the Harbor Tract(760) subdivision, 264 Pacific Morro Bay CA is a Single Family for sale in Morro Bay, CA, 93442. It is listed for $1,075,000 and features 3 beds, 2 baths, and has approximately 1,200 square feet of living space, and was originally constructed in 1935. The current price per square foot is $896. The average price per square foot for Single Family listings in Morro Bay is $769. The average listing price for Single Family in Morro Bay is $1,328,557.
Similar Listings Nearby
Courtesy of Century 21 Masters-Arroyo Grande. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.264 Pacific
Morro Bay, CA