485 Morro AVE new Save Request In-Person Tour Request Virtual Tour
Morro Bay,CA 93442
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Embarcadero(750)
MLS Listing ID SC25220419
Year Built 1930
Lot Size 0.542 Acres
Property Sub-Type Duplex
Property Description
A Legacy Central California Coastal Property. Rare opportunity for investors, developers, or boutique builders to secure over half an acre (.54 acres / 23,632 sq. ft.) in the heart of Morro Bay with prime build-out potential. Two separate lots, next to a City Park plus the option of acquiring an adjacent abandoned city street, create room for an expanded development footprint.
The 1930s residence offers 3,242 sq. ft. across two units, each with separate electric and gas meters. The main home includes 2 bedrooms and 2 baths with sweeping views of the bay and Morro Rock, while the secondary unit enjoys south-facing vistas across the park and waterfront.
Known locally as The Red House, the property is crowned by the storied crow's nest, one of Morro Bay's most recognizable architectural features. Whether redeveloped or preserved as a private estate, this is a once-in-a-lifetime opportunity blending history, views, and exceptional potential on California's Central Coast.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type Living Room
Laundry Inside
Exterior
Parking Features Carport,Garage,RV Access/Parking,See Remarks
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Biking,Fishing,Marina
Waterfront Description Across the Road from Lake/Ocean
View Y/N Yes
View Back Bay
Roof Type Composition,Shingle
Building
Lot Description Corner Lot
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Trust
Virtual Tour https://shotsofspots.com/485-Morro-Ave-1/idx