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375 Surf

Morro Bay, CA 93442
  • $1,500,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: NS26098078
New On Site 4 Days Ago
UPDATED: 75 min ago
$1,500,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Eric Smith of Anchor Real Estate (805-618-2932)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-11T15:37:13.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/176190643
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375 Surf Morro Bay, CA 93442

  • Price: $1,500,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 75 min ago
  • ID#: NS26098078
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1972
Built
Neighborhood:
North Morro Bay (820)
County:
San Luis Obispo
Area:
MRBY - Morro Bay
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.
Exterior Features

Entry Level 2 Entry Location 2 down 2 up Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Suburban Contingency PLEASE READ: There is a Right Of First Refusal on the property by one of the neighboring owners. They have given no indication they will exercise the ROFR. All offers must give the seller a 14 day contingency and the offer must be available to present to the holder of the ROFR. Electric Expense 360 Fuel Expense 336 Garage YN Yes Gross Income 77400 Gross Scheduled Income 77400 Insurance Expense 2328 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 ExchangeFHAOwner Will CarryOwner May Carry Net Operating Income 50004 New Construction YN No New Taxes Expense 16200 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 27396 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2412 Water Sewer Expense 5760 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-11T15:37:13.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
street
Hemet CA, 92545
Listing Agent(s): Eric Smith of Anchor Real Estate (805-618-2932)