Morro Bay, CA 93442 260 Pacific Street
$1,150,000
20 more
Presented By: James Kelsey with Century 21 Masters-Arroyo Grande; 805-709-4828
Beds • 3
Baths • 2
SQFT • 1,200
Garage • 2
Year Built • 1935
Home Details
Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each having individual yards and rear single car garages. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential.
Presented By: James Kelsey with Century 21 Masters-Arroyo Grande; 805-709-4828
Interior Features for 260 Pacific Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside, InGarage
Total Stories1
Other Rooms
Entry Level1
General for 260 Pacific Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.0
Carport Y/NNo
CityMorro Bay
Community FeaturesStreetLights, Sidewalks
CountySan Luis Obispo
DirectionsPacific south, to property on the left
Electric On Property Y/NNo
Entry Location1
Garage Spaces2.0
Garage Y/NYes
Gross Income58680.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet5808.0
Lot Size UnitsSquareFeet
MLS AreaMRBY - Morro Bay
MobileHomeRemainsYNNo
Net Operating Income43920.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Operating Expense44000.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameBeach Tract(730)
Tenant PaysAllUtilities
Total Actual Rent4890.0
Trash Expense0.0
Water Sewer Expense0.0
Year Built1935
Year Built SourcePublicRecords
Exterior for 260 Pacific Street
Building Area Total1200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1333
Lot Size Area5808.0
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking2.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,150,000
MLS#PI25103593
List Date
05/09/2025
Property Type
Multi-Family
Phone
(949) 290-7647
