Ocean-View Duplex with
2630 Maple Avenue, Morro Bay, CA 93442
For Sale
$1,205,000
Multi-Family, Morro Bay, CA
Property Size2,024 SF
Lot Size0.09 Acres
Price / SF$595.36
Days on Market94
Property Features for 2630 Maple Avenue
General Information
Property type
Property subtype
Parking features
Patio and Porch features
Fireplace
Directions
Subdivision
Standard status
APN
Size
Lot size
Amenities
drought-tolerant landscaping
outdoor living spaces
elevated entry
gas fireplace
sunroom
private deck
backyard patio with fire pit
indoor laundry room
private backyard courtyard
raised sitting area
enclosed upper deck
front decks
Building Details
Floors in Building
Listing Agency:
Independent Broker Network
(559) 769-8990
Listed By:
Robyn E Icenhower · License #01810074
(559) 786-3109
Added: Aug 6
Changed: Nov 5
Last Checked: Nov 7 at 4:06PM
MLS# 234751
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex in Morro Bay contains two distinct residences within 2,024 square feet. The upper unit has two bedrooms and two bathrooms, along with a living room, kitchenette, gas fireplace, remodeled bathrooms, sunroom, and private bedroom deck. The lower unit includes one bedroom, one bathroom, a living room with vaulted ceilings, dining area, full kitchen, and indoor laundry. A garage provides on-site parking.
Outdoor areas include multiple decks, a backyard patio with fire pit, a private courtyard, and a raised sitting area. Several elevated outdoor spaces face views of Morro Rock and the Pacific Ocean, including an enclosed upper deck and two lower-level front decks. The property is at 2630 Maple Avenue in Morro Bay, near beaches, the waterfront, shops, restaurants, and outdoor recreation.
Outdoor areas include multiple decks, a backyard patio with fire pit, a private courtyard, and a raised sitting area. Several elevated outdoor spaces face views of Morro Rock and the Pacific Ocean, including an enclosed upper deck and two lower-level front decks. The property is at 2630 Maple Avenue in Morro Bay, near beaches, the waterfront, shops, restaurants, and outdoor recreation.
Key Highlights
- Two residences totaling 2,024 square feet
- Upper residence with 2 bedrooms, 2 bathrooms, kitchenette, sunroom, and private deck
- Lower residence with 1 bedroom, 1 bathroom, full kitchen, vaulted living room, and indoor laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,322
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,440
$846.4K
Cap Rate 7%
$604,600
$604.6K
Cap Rate 9%
$470,244
$470.2K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$61.9K $30.60/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$60.5K $29.87/SF
− OpEx
−$18.1K −$8.96/SF
NOI
$42.3K $20.91/SF
Area
San Luis Obispo County, CA
Vacancy
2.38%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,440
Cap Rate 7%
$604,600
Cap Rate 9%
$470,244
Alternative Uses
Best Use
Multifamily LT 5
$604.6K
$529.0K – $705.4K
NOI $42,322 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$558.2K
$488.4K – $651.2K
NOI $39,073 @ 7.0% cap · market cap 3.24%
Theoretical Best
Healthcare Medical
$796.0K
$696.5K – $928.7K
NOI $55,721 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 93442, CA
11,390
Population
6,537
Households
1.7
Avg Household Size
54
Median Age
45%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
256
Density / Sq Mi
$92,163
Median Household Income
$50,651
Median Earnings
$1,815
Median Rent
$870,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in San Luis Obispo County, CA
Properties on Market for Duplexes in San Luis Obispo County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible living arrangements, private outdoor areas, and views toward the Pacific Ocean and Morro Rock.
Where is this duplex located?
The property is located at 2630 Maple Avenue Morro Bay, CA.
What is the asking price?
The asking price for this property is $1,205,000.
What are key features of this property?
This property features: Two residences totaling 2,024 square feet; Upper residence with 2 bedrooms, 2 bathrooms, kitchenette, sunroom, and private deck; Lower residence with 1 bedroom, 1 bathroom, full kitchen, vaulted living room, and indoor laundry
