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$1,500,000 Just Listed
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Property Description
Located in the heart of Morro Bay, this well-maintained 4-unit apartment property offers an exceptional investment opportunity with all four units featuring 1 bedroom, 1 bathroom, and their own private garage. In addition to the four tenant garages, the property includes three extra garages currently generating additional rental income. There is an inviting shared patio sitting area and a finished paver seating area. The two upstairs units feature a large balcony with scenic views of the surrounding hills, the ocean beyond, and Morro Bay's iconic three smokestacks. Additional amenities include a shared on-site laundry room, making this a highly desirable property for both tenants and investors seeking strong rental appeal in one of the Central Coast's most sought-after beach communities.
Full Property Details
Full Property Details for 375 Surf
General
- Price: $1,500,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: NS26098078
- Updated: 5/7/2026
- Days on Market: 1 days
- Added to Site: 1 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 7
Location
- Area: MRBY - Morro Bay
- County: San Luis Obispo
- Development Name: MRBY - Morro Bay
- Driving Directions: HWY 1 to Main St. South on Main. Left on Surf. Property on the Left.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Entry Location: 2 down 2 up
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,448
- Year Built: 1972
Unit Information
Unit 1
- Number of Units: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1722
- Lot Size (Sq. Ft.): 7,500
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $612.75
- Price Per Unit: 375000
Listed by Anchor Real Estate, Eric Smith
Get Pre-Approved Today
Schools
Schools serving 375 Surf
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 | 3.5 mi |
Morro Bay High School 235 Atascadero Road, Morro Bay, CA 93442 | 9-12 | 1.1 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 375 Surf
Date
Details
Price
Change
Source
5/06/2026
Listed
$1,500,000
—
MLS
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 375 Surf
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,505
4%
$317,982
2%
2023
$3,383
—
$311,748
2%
2023
$3,383
7%
$305,636
2%
2022
$3,171
2%
$299,644
2%
2021
$3,121
1%
$293,770
1%
2020
$3,089
1%
$290,759
2%
2019
$3,057
2%
$285,058
2%
2018
$2,997
2%
$279,470
2%
2017
$2,938
2%
$273,991
2%
2016
$2,880
2%
$268,620
2%
2015
$2,836
9%
$264,586
2%
2014
$2,604
—
$259,404
—
2013
$2,593
—
$258,233
—
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 375 Surf
375 Surf, Morro Bay, CA 93442 (MLS# NS26098078) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 375 Surf is currently listed for $1,500,000 and was received on May 06, 2026. Want to learn more about 375 Surf? Do you have questions about finding other Multi-Family 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.

