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$960,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,438 Sq. Ft.
  • 1 Car Garage
  • Updated 6 hours ago
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Excellent Investment Opportunity from this ocean view property in Morro Heights! Two separate Spanish style homes each offering great income potential. The larger home which has two bedrooms, one bath, enclosed sun room, and a large backyard is currently tenant occupied, and rents for $2,300 per month. The smaller home that sits at the top of the driveway has one bedroom and one bath, a garage, a small yard area with a shed, and has a rental history of $1,550 per month. Both homes have hardwood floors, double-paned windows, tankless water heaters, and the larger home has a dishwasher and a free standing gas furnace. There is a separate address and gas, water, electrical meters for each home, and a new electrical panel. This is a great business opportunity for those looking to invest in a property with expanding future potential or someone who is looking for a starter property with active income.

Full Property Details for 540 542 Kern Ave

General

  • Price: $960,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: SC26096690
  • Updated: Today (5/8/2026)
  • Added to Site: Today

Interior

  • Rooms/Areas: Sun, Living Room
  • Fireplace(s): None
  • Appliances: Microwave, Refrigerator, Tankless Water Heater, Gas Range, Dishwasher
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Inside, Stackable, Washer Included, Dryer Included

Additional Information

  • Pool Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking: Driveway, Street

Location

  • County: San Luis Obispo
  • Subdivision: Morro Heights (810)
  • Driving Directions: From Morro Bay Blvd, turn right onto Kern Ave, 540 Kern is the front house, 542 Kern is the back house

School Information

  • School District: San Luis Coastal Unified

Community

  • Community Features: Watersports, Golf, Biking, Dog Park, Hiking, Fishing, Street Lights, Park

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Single Family Residence
  • Common Walls: No Common Walls
  • Windows: Double-Pane Windows
  • Entry Location: Front Door
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,438
  • Sq. Ft. Source: Assessor
  • Year Built: 1935
  • Year Built Source: Assessor

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Ocean
  • Lot Size (Acres): 0.1148
  • Lot Size (Sq. Ft.): 5,000
  • Lot Size Source: Assessor
  • Lot Description: Back Yard, Yard

Financial Considerations

  • Price Per Sq. Ft.: $667.59

Disclosures and Reports

  • Special Conditions: Trust

Listed by Central Coast Property Sales, Kelly Vandenheuvel

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Listing agent

— 540 542 Kern Ave —

  • Kelly Vandenheuvel

    Central Coast Property Sales

805-471-1046

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 540 542 Kern Ave

School District:San Luis Coastal Unified School District
NameGradesDistance
Del Mar Elementary School
501 Sequoia Street, Morro Bay, CA 93442
K-62.5 mi
Los Osos Middle School
1555 El Moro St., Baywood-Los Osos, CA 93402
7-82.9 mi
Morro Bay High School
235 Atascadero Road, Morro Bay, CA 93442
9-121.8 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 540 542 Kern Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$960,000
60.27%
MLS
12/13/2005
Sold
$599,000
—
Public Record
Get Price Alerts and Save Property
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 for 540 542 Kern Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,022
4%
$818,567
2%
2023
$8,709
—
$802,518
2%
2023
$8,709
7%
$786,783
2%
2022
$8,163
2%
$771,357
2%
2021
$8,033
1%
$756,234
1%
2020
$7,951
1%
$748,480
2%
2019
$7,868
2%
$733,804
2%
2018
$7,714
2%
$719,417
2%
2017
$7,563
2%
$705,311
2%
2016
$7,414
2%
$691,483
2%
2015
$7,301
9%
$681,097
2%
2014
$6,704
—
$667,757
—
2013
$6,674
—
$664,740
—
View All
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 for 540 542 Kern Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Central Coast Property Sales, Kelly Vandenheuvel

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540 542 Kern Avenue, Morro Bay, CA 93442 (MLS# SC26096690) is a Single Family property with 3 bedrooms and 2 full bathrooms. 540 542 Kern Avenue is currently listed for $960,000 and was received on May 08, 2026. Want to learn more about 540 542 Kern Avenue? Do you have questions about finding other Single 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.

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