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$1,669,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 1187 Main
General
- Price: $1,669,000
- Status: Active
- Type: Triplex
- Source: MRMLS
- MLS ID: NS26056201
- Updated: Today (3/20/2026)
- Added to Site: Today
Interior
- Rooms/Areas: Kitchen, Living Room
- Interior Features: Balcony, Open Floorplan
- Fireplace: Yes
- Fireplace(s): Gas, Living Room
- Appliances: Convection Oven, Gas Range, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Garage, In Closet, Gas & Electric Dryer Hookup
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: San Luis Obispo
- Subdivision: Other (OTHR)
- Driving Directions: from hwy 41 head South on Main st towards downtown
School Information
- School District: Other
- High School: MORRB
Community
- Community Features: Hiking, Fishing
Heating & Cooling
- Cooling Type: None
- Heating Type: Ductless, Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Triplex
- Common Walls: No Common Walls
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,975
- Sq. Ft. Source: Assessor
- Year Built: 2006
- Year Built Source: Assessor
Lot Features
- Property View: Ocean
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $561.01
Disclosures and Reports
- Special Conditions: Standard
- Inclusions: all appliances
Listed by Property Pros, Lisa Sokolowski
Get Pre-Approved Today
Schools
Schools serving 1187 Main
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Del Mar Elementary School 501 Sequoia Street, Morro Bay, CA 93442 | K-6 | 1.9 mi |
Los Osos Middle School 1555 El Moro St., Baywood-Los Osos, CA 93402 | 7-8 | 3.6 mi |
Morro Bay High School 235 Atascadero Road, Morro Bay, CA 93442 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1187 Main
Date
Details
Price
Change
Source
3/20/2026
Listed
$1,669,000
45.13%
MLS
10/17/2018
Sold
$1,150,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1187 Main
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,140
2%
$1,282,842
2%
2024
$13,899
2%
$1,257,689
2%
2023
$13,648
7%
$1,233,029
2%
2022
$12,793
2%
$1,208,853
2%
2021
$12,589
1%
$1,185,151
1%
2020
$12,460
1%
$1,173,000
47%
2019
$12,331
44%
$800,000
—
2018
$8,578
14%
$800,000
14%
2017
$7,506
2%
$700,000
2%
2016
$7,345
—
$685,000
—
2015
$7,343
7%
$685,000
—
2013
$6,877
—
$685,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1187 Main
1187 Main, Morro Bay, CA 93442 (MLS# NS26056201) is a Triplex property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 1187 Main is currently listed for $1,669,000 and was received on March 20, 2026. Want to learn more about 1187 Main? Do you have questions about finding other Triplex real estate for sale in Morro Bay? You can browse all Morro Bay real estate or contact a Coldwell Banker agent to request more information.

