Amazing Bay Views from this Rare Coastal Opportunity in Desirable Morro Heights. Discover a unique opportunity in the highly desirable Morro Heights neighborhood of Morro Bay. Situated on a spacious corner lot, this distinctive property features three separate living units, offering exceptional versatility for multigenerational living, extended family, guest accommodations or potential rental income. Enjoy beautiful views of the ocean, harbor, bay and iconic Morro Rock from each unit of this special coastal setting. The main residence, facing Cerrito Place, offers 3 BR, 2 BA, an inviting sunroom just off the living room, and a private deck off the primary bedroom. A large yard, new carpeting, fresh interior paint, and a two-car garage add to the home's appeal and functionality. Located above the second garage and facing Olive Street, the upper unit features 2 BR, 1-1/2 BA, with one dedicated garage and a private patio in the back outdoor space. The downstairs studio, also facing Olive Street, offers additional flexibility for guests, extended family or potential rental use. It features a patio off the living area to enjoy the coastal views and surroundings, plus a dedicated one car garage. A separate laundry room and utility room serves all three units, while additional storage provides convenient space for each residence. The corner lot setting offers room for each unit to enjoy its own outdoor area and a greater sense of privacy. Ideally located near the Morro Bay Golf Course, the Bay and Tidelands Park, this property combines a desirable coastal location with a rare mult
Property Sub Type:
All Other Attached
County Or Parish:
San Luis Obispo
Name of Complex/Subdivision:
Morro Heights (810)
Total Building Area:
3,543 sq. ft.329 m2
Total Floor Area:
3,543 sq. ft.329 m2
Total Bedrooms:
6
Optional Bedrooms:
6
Bathrooms:
5
Full Bathrooms:
4
Half Bathrooms:
1
Fireplace Details:
Free Standing, Gas
Stories:
2 Story
Num Stories:
2
Total Stories:
2
Entry Level:
1
Year Built:
1972
Age (in years):
54 year(s)54 year(s)
Home Owner Fees:
$0
Mello Roos Fee:
$386
Mello Roos Fee Frequency:
Year
Monthly Total Fees:
$32
Terms:
Cash To New Loan
Main Street to Olive Street, east one block, corner of Cerrito and Olive.
Site Influences:
Corner Lot, Easement Access
View:
Bay, Ocean, Harbor
Appliances:
Dishwasher, Dryer, Refrigerator, Washer, Electric Range, Gas Range
Listed by Coastal Real Estate and NON LISTED OFFICE
Data was last updated November 14, 2026 at 11:10 PM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$922,500
Min list price:
$65,000
Max list price:
$12,000,000
Avg days on market:
71
Min days on market:
0
Max days on market:
514
Avg price per sq.ft.:
$640.69
These statistics are generated based on the current listing's property type
and located in
Morro Bay. Average values are
derived using median calculations. This data is not produced by
the MLS® system.