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When R1 lots with no entitlements are sitting at $400k, this is then a HUGE Opportunity at $769,000, fully permitted and ready to go! Build a 5-unit multifamily residence and capitalize today! Excellent views for tenants, this will be a competitive rental in your portfolio. Generous cap rate based on the current market numbers. Seller financing is available. Final permits are at the city. Call today.
| Last Updated | 9/15/2026 | Year Built | 0 |
|---|---|---|---|
| Community | MRBY - Morro Bay | County | San Luis Obispo |
Price History
| Prior to Jun 17, '26 | $879,000 |
|---|---|
| Jun 17, '26 - Aug 5, '26 | $829,000 |
| Aug 5, '26 - Sep 15, '26 | $799,000 |
| Sep 15, '26 - Today | $769,000 |
Additional Details
| AREA | MRBY - Morro Bay |
|---|---|
| LOT | 9013 sq ft |
| LOT DESCRIPTION | Corner Lot, Gentle Sloping |
| LOT DIMENSIONS | 9013 |
| SEWER | Public Sewer |
| VIEW | Yes |
| VIEW DESCRIPTION | Valley |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/4/26 11:08 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2026.
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