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    Morro Bay, CA Multifamily Properties for Sale

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    Los Osos, CA Cayucos, CA San Luis Obispo, CA
    Bay Pine Mobile Home
    $389,500
    Bay Pine Mobile Home

    1537 White Pine Drive #48, Morro Bay, CA 93442

    Relaxing retreat in a peaceful 55+ community.
    • Located in a desirable 55+ community: Bay Pine Mobile Home.
    • Newly remodeled kitchen with new appliances and additional pantry.
    • Newer roof (replaced in 2023) and exterior paint.
    • Spacious living area with newer flooring.
    • Premier location: minutes from Morro Bay waterfront, dining, Montana de Oro State Park, and a golf course.
    Updated: Oct 1, 2025
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    Morro Bay Development Opportunity
    $1,075,000
    Morro Bay Development Opportunity

    260 Pacific, Morro Bay, CA 93442

    Vintage duplex with approved plans for a 3rd unit.
    • Approved plans for a 3rd unit, offering immediate development potential.
    • Potential for an additional ADU and a Jr. ADU, maximizing rental income.
    • Qualifies for a short term vacation rental license, increasing revenue possibilities.
    • Existing duplex with a 2/1 and a 1/1 unit, providing current rental income.
    • Prime downtown core location in Morro Bay, close to the Embarcadero.
    Updated: Oct 6, 2025
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Morro Bay, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

    Los Osos Multifamily Opportunity
    $1,469,500
    2,985 SF
    Los Osos Multifamily Opportunity

    Multifamily property in Los Osos with rental income potential.

    701 Los Osos Valley, Los Osos, CA 93402

    View details
    Dual Residence in San Luis Obispo
    $1,645,000
    1,714 SF
    Dual Residence in San Luis Obispo

    Remodeled dual-residence property near Cal Poly and downtown.

    667 Howard Street 671, San Luis Obispo, CA 93401

    View details
    Los Osos Multifamily Investment
    $1,495,000
    13,981.00 Acres
    Los Osos Multifamily Investment

    Five single-level units in Los Osos, consistently rented.

    1957 10th, Los Osos, CA 93402

    View details
    Old Town SLO Duplex
    $890,000
    Old Town SLO Duplex

    Duplex with detached studio in old-town San Luis Obispo.

    785 Pepper, San Luis Obispo, CA 93401

    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.

    Flat Residential Ranch Lot
    Contact for pricing
    108,900.00 Acres
    Flat Residential Ranch Lot

    2.5-acre corner lot with livestock watering tank, suited for single-family hobby farming and animal raising.

    0 Atolia Road, Santa Margarita, CA 93453

    View details
    Sierra Mountain Land with Creek
    $199,900
    391,169 SF
    Sierra Mountain Land with Creek

    8.98-acre mountain parcel with creek, near upcoming development.

    41505 Hot Springs Drive, Porterville, CA 93257

    View details
    Scenic Land with Sweeping Views
    Contact for pricing
    4.37 Acres
    Scenic Land with Sweeping Views

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

    394 Rim Rd, Bodfish, CA 93205

    View details
    Lake Isabella Build-Ready Lot
    $30,000
    0.20 Acres
    Lake Isabella Build-Ready Lot

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

    2517 Webb Ave, Lake Isabella, CA 93240

    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)
    1,804 SF Lot: 0.28 Acres
    Value Estimation by Request

    2130 Main St, Morro Bay, CA 93442-1666

    View details
    Main St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.33 Acres
    Estimated value
    $2,800,000

    Main St, Morro Bay, CA 93442

    View details
    694 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)
    2,392 SF Lot: 0.33 Acres
    Estimated value
    $1,450,000

    694 Monterey Ave, Morro Bay, CA 93442-2232

    View details
    1060 Monterey Ave
    APARTMENT HOUSE (5+ UNITS)
    792 SF Lot: 0.20 Acres
    Value Estimation by Request

    1060 Monterey Ave, Morro Bay, CA 93442-2067

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    190 El Morro Trlr Ct
    CAMPGROUND, RV PARK
    Lot: 1.08 Acres
    Value Estimation by Request

    190 El Morro Trlr Ct, Morro Bay, CA 93442

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    1565 Quintana Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 5.84 Acres
    Estimated value
    $5,025,000

    1565 Quintana Rd, Morro Bay, CA 93442-2435

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    425 Bonita St, Unit E
    MOBILE HOME PARK, TRAILER PARK
    Lot: 1.14 Acres
    Value Estimation by Request
    Unit E

    425 Bonita St, Morro Bay, CA 93442-1518

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    2077 Sunset Ave
    APARTMENT HOUSE (5+ UNITS)
    640 SF Lot: 0.23 Acres
    Estimated value
    $1,685,000

    2077 Sunset Ave, Morro Bay, CA 93442-1651

    View details
    1500 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK
    552 SF Lot: 40.00 Acres
    Estimated value
    $1,190,000

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

    View details
    700 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.26 Acres
    Estimated value
    $540,000

    700 Bernardo Ave, Morro Bay, CA 93442-2340

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    736 Bernardo Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.13 Acres
    Estimated value
    $550,000

    736 Bernardo Ave, Morro Bay, CA 93442-2371

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    440 Atascadero Rd
    APARTMENT HOUSE (5+ UNITS)
    4,178 SF Lot: 0.37 Acres
    Estimated value
    $1,195,000

    440 Atascadero Rd, Morro Bay, CA 93442-1698

    View details
    752 Butte Ave
    APARTMENT HOUSE (5+ UNITS)
    3,960 SF Lot: 0.22 Acres
    Estimated value
    $605,000

    752 Butte Ave, Morro Bay, CA 93442-2310

    View details
    1078 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.30 Acres
    Value Estimation by Request

    1078 Monterey Ave, Morro Bay, CA 93442-2014

    View details
    495 Napa Ave
    APARTMENT HOUSE (5+ UNITS)
    7,656 SF Lot: 0.40 Acres
    Estimated value
    $1,025,000

    495 Napa Ave, Morro Bay, CA 93442-2563

    View details
    1536 Little Morro Crk Rd
    MOBILE HOME PARK, TRAILER PARK
    1,640 SF Lot: 23.29 Acres
    Estimated value
    $1,345,000

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

    View details
    1600 San Bernardo Crk Rd
    MOBILE HOME PARK, TRAILER PARK
    3,413 SF Lot: 74.46 Acres
    Estimated value
    $1,440,000

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

    View details
    590 Kings Ave, Unit 1
    APARTMENT HOUSE (5+ UNITS)
    4,457 SF Lot: 0.26 Acres
    Estimated value
    $520,000
    Unit 1

    590 Kings Ave, Morro Bay, CA 93442-2649

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    227 Surf St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.74 Acres
    Value Estimation by Request

    227 Surf St, Morro Bay, CA 93442-2033

    View details
    462 Monterey Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 0.95 Acres
    Value Estimation by Request

    462 Monterey Ave, Morro Bay, CA 93442-2580

    View details
    311 Tahiti St
    APARTMENT HOUSE (5+ UNITS)
    2,084 SF Lot: 0.33 Acres
    Value Estimation by Request

    311 Tahiti St, Morro Bay, CA 93442-2902

    View details
    475 Bay Blvd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 10.00 Acres
    Value Estimation by Request

    475 Bay Blvd, Morro Bay, CA 93442-2428

    View details

    Morro Bay, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Morro Bay, CA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,464,500.

    Sale prices for multifamily properties in Morro Bay, CA start at $389,500, averaging $732,250, and reaching up to $1,075,000 — 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

    Mobile home & RV parks 2
    Short term rental properties 2
    Duplexes 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 $732.3K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in San Luis Obispo County

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