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Perfect location, live at the beach with rental property attached Exceptional mixed-use property in one of the most desirable locations in Morro Bay. Ideally situated within walking distance to both the vibrant Morro Bay Embarcadero and charming downtown shops and restaurants, this property offers strong income potential paired with incredible ocean views. The property features three separate units: Upstairs residential unit: Spacious 3-bedroom, 2-bathroom residence featuring a private balcony with stunning ocean and rock views. The living room and kitchen both capture the coastal scenery creating a bright and inviting living space. Commercial office space: Located downstairs, this securely rented office unit has been occupied by a long-term tenant, providing reliable income. Additional Residential Unit: Comfortable 1-bedroom, 1 bath unit offering flexibility for rental income, guest use or extended living. The property also included two 2-car garages, providing dedicated parking and storage for the residential units, an excellent amenity in this sought -after coastal area. Don't miss this rare opportunity to own this versatile income property in the heart of Morro Bay.

Highlights

  • Residential
  • Triplex
  • Built in 2006
  • 0.16 Acre Lot
  • $0/ HOA
  • 2 Car Garage
  • 233 days on Market

  • Bedrooms
    4
  • Bathrooms
    3 full · 1 half
  • Year Built
    2006
  • Stories
    2.0
  • Garage Spaces
    2.0
  • Living Area
    2975.0
  • Interior Features
    Open Floorplan, Balcony
  • Appliances
    Dishwasher, Gas Range, Convection Oven
  • Pool Features
    None
  • Cooling
    None
  • Heating
    Ductless, Central

  • Acres
    0.16
  • Lot Features
    Two To Five Units Acre
  • View
    Ocean
  • Water
    Public

  • Area
    MRBY - Morro Bay
  • County
    San Luis Obispo
  • City
    Morro Bay
  • Neighborhood
    other
  • Zip Code
    93442
  • High School
    Morro Bay

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Frequently Asked Questions

How do I schedule a tour of 1187 Main?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1187 Main.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1187 Main?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $1,649,000. We can talk through recent upgrades, potential seller motivation, how this triplex compares to others in Morro Bay, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1187 Main?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1187 Main at around $8,941. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1187 Main?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in San Luis Obispo County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1187 Main?

In most cases, yes. Whether 1187 Main is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Morro Bay's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1187 Main?

We can handle that for you. Our preferred local agent specializes in residentials in Morro Bay and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,649,000 with 2,975 sqft of space—that comes out to approximately $554 per square foot.

How long has this property been on the market?

1187 Main was listed on March 20, 2026, which means it's been on the market for 233 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2006, making it approximately 20 years old.

What is the lot size of this property?

1187 Main sits on a 0.16-acre lot, which is 6,970 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • High: Morro Bay

Want to see how these schools compare? Check out our San Luis Obispo County School Guide to see ratings, reviews, and more for the schools in the area.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $0.

Is 1187 Main still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 08, 2026 at 07:17AM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 08, 2026 at 07:17AM | Source: California Regional Multiple Listing Service | MLS#: NS26056201