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    Morro Bay, CA Residential Income Properties for Sale

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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
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    Based on your search, we've compiled 214 Potential Opportunities for your consideration. Besides 1 Active listings in Morro Bay, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 205 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Renovated Triplex in Atascadero Heart
    $1,080,000
    2,142 SF

    Renovated Triplex in Atascadero Heart

    Historic triplex with modern upgrades and strong income potential.

    8740 El Camino Real, Atascadero, CA 93422
    View details
    Atascadero Residence with Development Potential
    $995,000
    1,583 SF

    Atascadero Residence with Development Potential

    Single-family home with approved plans for apartment units.

    6855, Atascadero, CA 93422
    View details
    Historic Ranch Estate Near San Luis Obispo
    $3,450,000
    2,400 SF

    Historic Ranch Estate Near San Luis Obispo

    189-acre ranch with residences, barns, and equestrian facilities.

    1498 O'sConnor Way, San Luis Obispo, CA 93405
    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.

    Morro Bay Oceanfront Commercial Land
    $3,900,000
    162,479.00 Acres

    Morro Bay Oceanfront Commercial Land

    Prime 3.73-acre oceanfront land zoned for commercial visitor use.

    0 Atascadero Road, Morro Bay, CA 93442
    View details
    Commercial Retail Zoned Parcels
    $310,000

    Commercial Retail Zoned Parcels

    Two commercial retail-zoned parcels with long-term potential.

    2245 Bayview Heights, Los Osos, CA 93402
    View details
    Cayucos Land with Ocean Views
    $75,000
    4,096.00 Acres

    Cayucos Land with Ocean Views

    Land in Cayucos, CA with ocean views and financing.

    596 Hacienda, Cayucos, CA 93430
    View details
    Cayucos Land For Sale
    Contact for pricing
    3,644.00 Acres

    Cayucos Land For Sale

    Vacant land in Cayucos, CA. Buyer to verify.

    1 Ramona, Cayucos, CA 93430
    View details

    Explore 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

    2130 Main St

    APARTMENT HOUSE (5+ UNITS) • 1,804 SF
    Value Estimation by Request
    2130 Main St, Morro Bay, CA 93442-1666
    View details
    Main St

    Main St

    APARTMENT HOUSE (5+ UNITS) • 0.33 Acres
    Value Estimation
    $2,800,000
    Main St, Morro Bay, CA 93442
    View details
    694 Monterey Ave

    694 Monterey Ave

    APARTMENT HOUSE (5+ UNITS) • 2,392 SF
    Value Estimation
    $1,450,000
    694 Monterey Ave, Morro Bay, CA 93442-2232
    View details
    1060 Monterey Ave

    1060 Monterey Ave

    APARTMENT HOUSE (5+ UNITS) • 792 SF
    Value Estimation by Request
    1060 Monterey Ave, Morro Bay, CA 93442-2067
    View details
    190 El Morro Trlr Ct

    190 El Morro Trlr Ct

    CAMPGROUND, RV PARK • 1.08 Acres
    Value Estimation by Request
    190 El Morro Trlr Ct, Morro Bay, CA 93442
    View details
    1565 Quintana Rd

    1565 Quintana Rd

    MOBILE HOME PARK, TRAILER PARK • 5.84 Acres
    Value Estimation
    $5,025,000
    1565 Quintana Rd, Morro Bay, CA 93442-2435
    View details
    425 Bonita St, Unit E

    425 Bonita St, Unit E

    MOBILE HOME PARK, TRAILER PARK • 1.14 Acres
    Value Estimation by Request
    425 Bonita St, Morro Bay, CA 93442-1518
    View details
    2077 Sunset Ave

    2077 Sunset Ave

    APARTMENT HOUSE (5+ UNITS) • 640 SF
    Value Estimation
    $1,685,000
    2077 Sunset Ave, Morro Bay, CA 93442-1651
    View details
    1500 Little Morro Crk Rd

    1500 Little Morro Crk Rd

    MOBILE HOME PARK, TRAILER PARK • 552 SF
    Value Estimation
    $1,190,000
    1500 Little Morro Crk Rd, Morro Bay, CA 93442-1876
    View details
    700 Bernardo Ave

    700 Bernardo Ave

    APARTMENT HOUSE (5+ UNITS) • 0.26 Acres
    Value Estimation
    $540,000
    700 Bernardo Ave, Morro Bay, CA 93442-2340
    View details
    736 Bernardo Ave

    736 Bernardo Ave

    APARTMENT HOUSE (5+ UNITS) • 0.13 Acres
    Value Estimation
    $550,000
    736 Bernardo Ave, Morro Bay, CA 93442-2371
    View details
    440 Atascadero Rd

    440 Atascadero Rd

    APARTMENT HOUSE (5+ UNITS) • 4,178 SF
    Value Estimation
    $1,195,000
    440 Atascadero Rd, Morro Bay, CA 93442-1698
    View details
    752 Butte Ave

    752 Butte Ave

    APARTMENT HOUSE (5+ UNITS) • 3,960 SF
    Value Estimation
    $605,000
    752 Butte Ave, Morro Bay, CA 93442-2310
    View details
    1078 Monterey Ave

    1078 Monterey Ave

    MOBILE HOME PARK, TRAILER PARK • 0.30 Acres
    Value Estimation by Request
    1078 Monterey Ave, Morro Bay, CA 93442-2014
    View details
    495 Napa Ave

    495 Napa Ave

    APARTMENT HOUSE (5+ UNITS) • 7,656 SF
    Value Estimation
    $1,025,000
    495 Napa Ave, Morro Bay, CA 93442-2563
    View details
    1536 Little Morro Crk Rd

    1536 Little Morro Crk Rd

    MOBILE HOME PARK, TRAILER PARK • 1,640 SF
    Value Estimation
    $1,345,000
    1536 Little Morro Crk Rd, Morro Bay, CA 93442-1877
    View details
    1600 San Bernardo Crk Rd

    1600 San Bernardo Crk Rd

    MOBILE HOME PARK, TRAILER PARK • 3,413 SF
    Value Estimation
    $1,440,000
    1600 San Bernardo Crk Rd, Morro Bay, CA 93442-2478
    View details
    590 Kings Ave, Unit 1

    590 Kings Ave, Unit 1

    APARTMENT HOUSE (5+ UNITS) • 4,457 SF
    Value Estimation
    $520,000
    590 Kings Ave, Morro Bay, CA 93442-2649
    View details
    227 Surf St

    227 Surf St

    MOBILE HOME PARK, TRAILER PARK • 0.74 Acres
    Value Estimation by Request
    227 Surf St, Morro Bay, CA 93442-2033
    View details
    462 Monterey Ave

    462 Monterey Ave

    MOBILE HOME PARK, TRAILER PARK • 0.95 Acres
    Value Estimation by Request
    462 Monterey Ave, Morro Bay, CA 93442-2580
    View details
    311 Tahiti St

    311 Tahiti St

    APARTMENT HOUSE (5+ UNITS) • 2,084 SF
    Value Estimation by Request
    311 Tahiti St, Morro Bay, CA 93442-2902
    View details
    475 Bay Blvd

    475 Bay Blvd

    MOBILE HOME PARK, TRAILER PARK • 10.00 Acres
    Value Estimation by Request
    475 Bay Blvd, Morro Bay, CA 93442-2428
    View details
    901 Morro Bay Blvd

    901 Morro Bay Blvd

    MOBILE HOME PARK, TRAILER PARK • 3.12 Acres
    Value Estimation by Request
    901 Morro Bay Blvd, Morro Bay, CA 93442-2380
    View details

    Morro Bay, CA Residential Income Properties Investment Opportunities Market Analysis

    Explore 206 residential income properties for sale in Morro Bay, CA on our real estate platform. These investment opportunities span a total of 25,196,769 square feet of properties for sale, with an estimated market value of $29,885,000.

    Sale prices for residential income properties in Morro Bay, CA start at $215,000, averaging $622,604, and reaching up to $5,590,000 — 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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