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    Morro Bay, CA
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    Morro Bay, CA Multifamily Properties for Sale

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    Los Osos, CA Cayucos, CA Atascadero, CA San Luis Obispo, CA Templeton, CA Harmony, CA Santa Margarita, CA Avila Beach, CA
    Four-Unit Coastal Multifamily Residence
    Updated: Apr 30
    Four-Unit Coastal Multifamily Residence

    457 Piney Way, Morro Bay, CA 93442

    $2,950,000
    4,474 sqft
    Brand‑new four‑unit property in Morro Bay: a two‑story duplex plus two detached ADUs.
    Duplex unit sizes: 1,768 SF and 1,654 SF, each with 3BR/2.5BA.
    Each duplex residence includes a second‑story balcony with partial coastline views.
    Two detached ADUs, each about 526 SF with 1BR/1BA, plus second‑story balconies; one ADU has partial ocean views from bedroom and deck.
    Finishes include quartz countertops, Milgard dual‑pane windows, and soft‑close cabinetry and drawers.
    View details
    Fourplex with Private Garages
    Updated: Jun 25
    Fourplex with Private Garages

    375 Surf ST, Morro Bay, CA 93442

    $1,295,000
    Fourplex built in 1972 featuring four 1‑bedroom, 1‑bath residences
    Lower units offer ground‑floor access; the two upper units open to private balconies
    Each unit includes its own private garage, plus three additional detached garages currently rented separately
    Shared on‑site laundry room for residents
    Two outdoor gathering areas, including a shared patio and a finished paver seating area
    View details
    Vintage Duplex with Development Plans
    Vintage Duplex with Development Plans

    260 Pacific St, Morro Bay, CA 93442

    $1,030,000

    A vintage duplex with replaced roofing and approved plans to add a third unit, plus possible ADUs and a short-term license option.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Morro Bay, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Triplex with Ocean Deck
    Well-Maintained Triplex with Ocean Deck

    31 8th St, Cayucos, CA 93430

    $2,475,000
    0.18 AC lot

    Spacious two-story triplex with bright living areas, in-unit laundry space, and private ocean-view deck from a front bedroom.

    View details
    Ranch-Style Triplex Property
    Ranch-Style Triplex Property

    701 Los Osos Valley, Los Osos, CA 93402

    $1,469,500
    0.20 AC lot

    Triplex in RMF zoning with a 3-bedroom main home and two 2-bedroom duplex units, each with outdoor patio space.

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    Duplex with Vacation Rental License
    Duplex with Vacation Rental License

    2023 Circle, Cayucos, CA 93430

    $2,395,000

    Two separate units with abundant parking and an active vacation rental license, offering flexible residential and rental use.

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    Fourplex Residential Income Property
    Fourplex Residential Income Property

    1143 16th, Los Osos, CA 93402

    $925,000

    Four-unit property in Los Osos with two studios and two two-bedroom homes, each featuring a full kitchen.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Scenic Land with Sweeping Views
    Scenic Land with Sweeping Views

    394 Rim Rd, Bodfish, CA 93205

    Contact for pricing
    4.37 AC lot

    4.37-acre parcel with lake, mountain, and valley views.

    View details
    Lake Isabella Build-Ready Lot
    Lake Isabella Build-Ready Lot

    2517 Webb Ave, Lake Isabella, CA 93240

    $30,000
    0.20 AC lot

    Single-family lot with utilities in established Lake Isabella neighborhood.

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    Vacant Land with Lake Frontage
    Vacant Land with Lake Frontage

    630 Evans Rd, Wofford Heights, CA 93285

    $399,000
    3.49 AC lot

    Vacant land in R-F zoning with documented plans and approximately 1,200 feet of lake high-water line.

    View details
    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

    View details

    Off-Market Properties in Morro Bay, CA

    Consider similar Off-Market properties in Morro Bay, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2130 Main St
    APARTMENT HOUSE (5+ UNITS)

    2130 Main St, Morro Bay, CA 93442-1666

    Value Estimation by Request
    1,804 sqft 0.28 AC lot
    View details
    Main St
    APARTMENT HOUSE (5+ UNITS)

    Main St, Morro Bay, CA 93442

    $2,800,000
    Estimated value
    0.33 AC lot
    View details
    694 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)

    694 Monterey Ave, Morro Bay, CA 93442-2232

    $1,450,000
    Estimated value
    2,392 sqft 0.33 AC lot
    View details
    1060 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)

    1060 Monterey Ave, Morro Bay, CA 93442-2067

    Value Estimation by Request
    792 sqft 0.20 AC lot
    View details
    190 El Morro Trlr Ct
    CAMPGROUND, RV PARK

    190 El Morro Trlr Ct, Morro Bay, CA 93442

    Value Estimation by Request
    1.08 AC lot
    View details
    1565 Quintana Rd
    MOBILE HOME PARK, TRAILER PARK

    1565 Quintana Rd, Morro Bay, CA 93442-2435

    $5,025,000
    Estimated value
    5.84 AC lot
    View details
    425 Bonita St, Unit E
    MOBILE HOME PARK, TRAILER PARK

    425 Bonita St, Morro Bay, CA 93442-1518

    Unit E
    Value Estimation by Request
    1.14 AC lot
    View details
    2077 Sunset Ave
    APARTMENT HOUSE (5+ UNITS)

    2077 Sunset Ave, Morro Bay, CA 93442-1651

    $1,685,000
    Estimated value
    640 sqft 0.23 AC lot
    View details
    1500 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1500 Little Morro Crk Rd, Morro Bay, CA 93442-1876

    $1,190,000
    Estimated value
    552 sqft 40.00 AC lot
    View details
    700 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)

    700 Bernardo Ave, Morro Bay, CA 93442-2340

    $540,000
    Estimated value
    0.26 AC lot
    View details
    736 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)

    736 Bernardo Ave, Morro Bay, CA 93442-2371

    $550,000
    Estimated value
    0.13 AC lot
    View details
    440 Atascadero Rd
    APARTMENT HOUSE (5+ UNITS)

    440 Atascadero Rd, Morro Bay, CA 93442-1698

    $1,195,000
    Estimated value
    4,178 sqft 0.37 AC lot
    View details
    752 Butte Ave
    APARTMENT HOUSE (5+ UNITS)

    752 Butte Ave, Morro Bay, CA 93442-2310

    $605,000
    Estimated value
    3,960 sqft 0.22 AC lot
    View details
    1078 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK

    1078 Monterey Ave, Morro Bay, CA 93442-2014

    Value Estimation by Request
    0.30 AC lot
    View details
    495 Napa Ave
    APARTMENT HOUSE (5+ UNITS)

    495 Napa Ave, Morro Bay, CA 93442-2563

    $1,025,000
    Estimated value
    7,656 sqft 0.40 AC lot
    View details
    1536 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1536 Little Morro Crk Rd, Morro Bay, CA 93442-1877

    $1,345,000
    Estimated value
    1,640 sqft 23.29 AC lot
    View details
    1600 San Bernardo Crk Rd
    MOBILE HOME PARK, TRAILER PARK

    1600 San Bernardo Crk Rd, Morro Bay, CA 93442-2478

    $1,440,000
    Estimated value
    3,413 sqft 74.46 AC lot
    View details
    590 Kings Ave, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    590 Kings Ave, Morro Bay, CA 93442-2649

    Unit 1
    $520,000
    Estimated value
    4,457 sqft 0.26 AC lot
    View details
    227 Surf St
    MOBILE HOME PARK, TRAILER PARK

    227 Surf St, Morro Bay, CA 93442-2033

    Value Estimation by Request
    0.74 AC lot
    View details
    462 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK

    462 Monterey Ave, Morro Bay, CA 93442-2580

    Value Estimation by Request
    0.95 AC lot
    View details
    311 Tahiti St
    APARTMENT HOUSE (5+ UNITS)

    311 Tahiti St, Morro Bay, CA 93442-2902

    Value Estimation by Request
    2,084 sqft 0.33 AC lot
    View details

    Morro Bay, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Morro Bay, CA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,474 square feet of properties for sale, with an estimated market value of $5,275,000.

    Sale prices for multifamily properties in Morro Bay, CA start at $1,030,000, averaging $1,758,333, and reaching up to $2,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Quadplexes 2
    Mobile home & RV parks 1
    Short term rental properties 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) +3.3%
    Median Household Income $92,163
    College Educated 32.2%

    High-Yield Neighborhoods for Investment

    Identify Morro Bay submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93442 $831.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.11%
    Property Tax per SF $12.55 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

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