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    260 Pacific St Morro Bay, CA 93442

    For Sale
    $1,125,000

    Duplex with approved plans for a third unit.

    Lot size:
    0.13 Acres

    Property Features for 260 Pacific St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1935

    Source: Century 21 Masters-Arroyo Grande Agent James Kelsey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Morro Bay Development Opportunity

    This property presents a development opportunity in downtown Morro Bay. The existing duplex has approved plans for a third unit, and the property may accommodate an additional Accessory Dwelling Unit (ADU) and a Junior ADU. The current unit mix includes a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom freestanding unit, each with individual yards. A two-car garage is located at the rear of the property. The roof and rain gutters have been recently replaced. The property is located close to the Embarcadero and currently generates rental income. The property also qualifies for a short-term vacation rental license.
    Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morro Bay
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.8505489
    Latitude
    35.364765

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    FAQs

    What type of property is this?
    Duplex - Duplex with approved plans for a third unit.
    Where is this duplex located?
    The property is located at 260 Pacific St Morro Bay, CA.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Approved plans for a 3rd unit.; - Potential for an additional ADU and a Jr. ADU.; - Qualifies for a short term vacation rental license.
    (805) 489-2100
    Request Owner's contact information
    260 Pacific St Morro Bay, CA 93442
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    Morro Bay, CA 93442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    260 Pacific St Morro Bay, CA 93442
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