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$1,054,000
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Property Description
Endless Possibilities in Morro Heights! This expansive corner lot offers exceptional versatility with two separate homes on a spacious 9,400 sq. ft. lot. The primary residence features 2 bedrooms and 1 bathroom, while the secondary unit is a 1 bedroom, 1 bathroom-perfect for rental income, extended family, or a private guest retreat. Located in desirable Morro Heights, you're just blocks away from Morro Bay's historic downtown, charming shops, restaurants, and the stunning Morro Bay State Park. Whether you're looking to build your dream home with a detached rental unit, renovate and maximize rental income, or explore adding a third unit (buyer to verify with the City of Morro Bay),this property offers a rare opportunity in a neighborhood evolving toward the future.
Full Property Details
Full Property Details for 998 Balboa St
General
- Sold For: $1,054,000
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: SC25108161
- Added to Site: 245 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom
- Interior Features: Formica Counters
- Fireplace(s): None
- Eating Areas: In Family Room
- Appliances: Gas & Electric Range, Gas Water Heater, Water Heater
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Gas & Electric Dryer Hookup, Inside
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Deck
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Combination Driveway, Garage Faces Front, Garage (Two Doors), Parking Space, RV Access/Parking
Location
- County: San Luis Obispo
- Subdivision: Morro Heights (810)
- Driving Directions: Morro Bay Blvd toward Harbor St, at the traffic circle, continue straight to stay on Morro Bay Blvd., turn right onto Quintana Rd., turn right onto Kings Ave., turn right onto Balboa St.
School Information
- School District: San Luis Coastal Unified
Community
- Community Features: Biking, Fishing, Golf, Hiking, Park, Watersports, Street Lights
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Foundation: Raised
- Roof: Composition, Rolled/Hot Mop
- Common Walls: No Common Walls
- Entry Location: Up Stairs
- Stories/Levels: One
- Stories Description: One
- Square Feet: 896
- Sq. Ft. Source: Assessor
- Year Built: 1949
- Year Built Source: Public Records
- Property Condition: Fixer
Additional Structures
- Other Structures: Guesthouse, Guest House Detached
Lot Features
- Property View: Hills, Ocean
- Lot Size (Acres): 0.2158
- Lot Size Source: Assessor
- Zoning: R1
- Lot Description: Back Yard, Corner Lot, Front Yard, Gentle Sloping, Lot 6500-9999, Park Nearby, No Sprinklers, Utilities - Overhead
- Fencing (Description): Fair Condition, Wood
Financial Considerations
- Price Per Sq. Ft.: $1,176.34
Disclosures and Reports
- Special Conditions: Standard
Listed by Bhgre Haven Properties, Stanley Craig
Sold by RE/MAX Success, Renee Neel and GUIDE Real Estate, Amy Austin
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Schools
Schools serving 998 Balboa St
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Del Mar Elementary School 501 Sequoia Street, Morro Bay, CA 93442 | K-6 | 2.5 mi |
Los Osos Middle School 1555 El Moro St., Baywood-Los Osos, CA 93402 | 7-8 | 2.9 mi |
Morro Bay High School 235 Atascadero Road, Morro Bay, CA 93442 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 998 Balboa St
Date
Details
Price
Change
Source
8/15/2025
Sold
$1,054,000
-1.4%
MLS
5/16/2025
Listed
$1,069,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
998 Balboa Street, Morro Bay, CA 93442 (MLS# SC25108161) is a Single Family property that was sold at $1,054,000 on August 15, 2025. Want to learn more about 998 Balboa Street? 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.

