John E Burge

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260 PacificMorro Bay, CA 93442

Multi-Family · 1,500 Sq. ft. | 0.13 Acres
$1,030,000 Active

260 Pacific Overview

Time on Site:
45 days
Visits:
0

Two blocks from the water, location, location, location! Opportunity knocks with this possible development property in the downtown core of morro Bay. This vintage duplex has two separate houses and approved plans for a 3rd unit, plus the property may have an additional ADU and a Jr. ADU on the property. The current unit mix consists of a 2/1 and a 1/1 free standing units with each hanvig individual yards and there is a rear two car garage. The roof and rain gutters were recently replaced and the units bring great rents, being so close to the Embarcadero. This property has fantastic upside potential. This property also qualifies for a short term vacation rental license. Whether you are wanting an investment property or a vacation hideaway spot for the family this fits the bill.

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260 Pacific Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,500
  • Price/Sq.ft. $687
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Gross Income: 59400.0
  • Gross Scheduled Income: 59400.0
  • Net Operating Income: 44550.0
  • Operating Expense: 17820.0

Building Information

  • New Construction: No
  • Year Built: 1935

Location/Region

  • Country: US
  • County Or Parish: San Luis Obispo
  • MLS Area Major: MRBY - Morro Bay
  • Postal City: MORRO BAY
  • Subdivision Name: Embarcadero(750)

Community/Development

  • Community Features: Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: 1031 Exchange
  • Parcel Number: 066115004
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Building Interior

  • Building Area Total: 1500.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: None
  • Levels: One
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Total: 2.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: 0.1333
  • Lot Size Area: 5808.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5808.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 2
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

260 Pacific Neighborhood

Community

93442 (MORRO BAY) Demographics

52
Median Age
236
Population Density (per sq. mile)
51%
College Educated
$73,701
Estimated Median Income
3,113
Estimated Total Home Owners
1,909
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

260 Pacific Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

260 Pacific Market Data

Based on the last 30 days in this zip code

$1,858,456
Average List Price
$991
Average Price per Square Foot
5
Properties Sold
73
Average Days on Market
88
Properties for Sale
Calculations provided by Reliance Network

260 Pacific History

Date Event Value Agent
5/15/2026Source: CRMLS Added to Database
May 15, 2026
Listing provided courtesy of Century 21 MastersJames Kelsey- MLS# PI26106185MLS ProviderContact Information: [email protected] - 805-489-2100
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