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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$2,490,000

Est. payment - /mo

2 Beds

0.54 Acres Lot

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Sat Dec 13, 12:00pm - 3:00pm

Sun Dec 14, 12:00pm - 3:00pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Embarcadero(750)

MLS Listing ID SC25220419

Bedrooms 2

Lot Size 0.543 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

A Legacy Central California Coastal Property. Rare opportunity for investors, developers, or boutique builders to secure over half an acre (.54 acres / 23,632 sq. ft.) in the heart of Morro Bay with prime build-out potential. Potential for two separate lots, next to a City Park plus the option of acquiring an adjacent abandoned city street, create room for an expanded development footprint. The 1930s residence offers 3,242 sq. ft. across two units, each with separate electric and gas meters. The main home includes 2 bedrooms and 2 baths with sweeping views of the bay and Morro Rock, while the secondary unit enjoys south-facing vistas across the park and waterfront. Known locally as The Red House, the property is crowned by the storied crows nest, one of Morro Bays most recognizable architectural features. Whether redeveloped or preserved as a private estate, this is a once-in-a-lifetime opportunity blending history, views, and exceptional potential on Californias Central Coast.

Location

State CA

County San Luis Obispo

Zoning Assessor

Direction Main st to Morro Ave

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 066171002

Virtual Tour https://shotsofspots.com/485-Morro-Ave-1

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Listed by Christopher Bath Coast Realty

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

485 Morro Avenue Morro Bay, CA 93442

Anthony Napoli

Open House

Key Details

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Interior

Exterior

Building

Others

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