1187 Main St
Description
Exceptional mixed-use property in one of the most desirable locations in Morro Bay. Ideally situated within walking distance to both the vibrant Morro Bay Embarcadero and charming downtown shops and restaurants, this property offers strong income potential paired with incredible ocean views. The property features three separate units:
Upstairs residential unit: Spacious 3-bedroom, 2-bathroom residence featuring a private balcony with...Perfect location, live at the beach with rental property attached
Exceptional mixed-use property in one of the most desirable locations in Morro Bay. Ideally situated within walking distance to both the vibrant Morro Bay Embarcadero and charming downtown shops and restaurants, this property offers strong income potential paired with incredible ocean views. The property features three separate units:
Upstairs residential unit: Spacious 3-bedroom, 2-bathroom residence featuring a private balcony with stunning ocean and rock views. The living room and kitchen both capture the coastal scenery creating a bright and inviting living space. Commercial office space: Located downstairs, this securely rented office unit has been occupied by a long-term tenant, providing reliable income. Additional Residential Unit: Comfortable 1-bedroom, 1 bath unit offering flexibility for rental income, guest use or extended living. The property also included two 2-car garages, providing dedicated parking and storage for the residential units, an excellent amenity in this sought -after coastal area. Don't miss this rare opportunity to own this versatile income property in the heart of Morro Bay.
- Listed by Lisa Sokolowski • DRE #01211718 • Brokerage DRE #01211718 • Property Pros • 805-975-7631
Property Details for 1187 Main Street
Property Details for 1187 Main Street
| Status | Active |
|---|---|
| MLS # | NS26056201 |
| Days on Market | 7 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential |
| Year Built | 2006 |
| Lot Size | 0.16 AC / 6,970 SF |
| County | San Luis Obispo County |
Location
Building Information for 1187 Main Street
Payment Calculator
$9,278 per month
30 year fixed, 6.11% Interest
$8,100
$1,178
$0
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1Property Information for 1187 Main Street
- Tenant Pays: Gas
- Gross Income: $75,960
- Gross Scheduled Income: $75,960
- Net Operating Income: $71,531
- Operating Expense: $4,429
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $1,377
- Water Sewer Expense: $3,052
- Total Expenses: $4,429
- Tax Block: 31
- CFD/Mello-Roos Fee: $0
- Tax Lot: 63
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Hiking, Fishing
- Appliances: Convection Oven, Gas Range, Dishwasher
- Equipment: Dishwasher, Convection Oven, Gas Range
- Interior Features: Balcony, Open Floorplan
- Room Type: Kitchen, Living Room
- Main Level Bathrooms: 1
- Main Level Bedrooms: 1
- Laundry: Yes
- Laundry Features: In Garage, In Closet, Gas & Electric Dryer Hookup
- Laundry Location: Gas & Electric Dryer HU
- Laundry Utilities: Gas & Electric Dryer HU
- Fireplace Features: Gas, Living Room
- Fireplace Rooms: Gas, Living Room
- Fireplace: FP in Living Room, Gas
- Cooling: None
- Heating Type: Ductless, Central
- Heating: Ductless, Central
- Heat Equipment: Forced Air Unit
- Entry Location: 1
- Structure Type: Triplex
- View Description: Ocean
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: 2-5 Units/Acre
- Lease Considered: No
- Number Of Units: 3
- Available For Lease: No
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Sewer/Septic: Public Sewer
- Water Source: Public
- Garage Spaces: 2
- Uncovered Spaces: 4
- Open Other Spaces Total: 4
- Parking Garage Spaces: 2
- Carport Spaces: 0
- Attached Garage: Yes
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Residential Styles: All Other Attached
- Residential Unit Location: No Common Walls
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,730
- Unit Type Total Rent: $2,730
- Unit Type Pro Forma: 3800
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,100
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2200
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,500
- Unit Type Total Rent: $1,500
- Unit Type Pro Forma: 1800
- Unit Type Type: 3
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 2
- Number With Range: 2
- Number With Refrigerator: 2
- Number With Carpet: 2
- Number With Disposal: 2
Property History for 1187 Main Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 20, 2026 | Price Change CRMLS #NS26056201 | $1,669,000 | — |
| Mar 14, 2026 | Listed (Active) CRMLS #NS26053910 | $1,699,000 | — |
| Mar 1, 2026 | Price Change CLAW #NS26056201MR | $1,669,000 | — |
| Mar 1, 2026 | Price Change SDMLS #NS26053910 | $1,699,000 | — |
| Mar 1, 2026 | Listed (Active) CLAW #NS26053910MR | $1,699,000 | — |
| Mar 1, 2026 | Listed (Active) SDMLS #NS26056201 | $1,669,000 | — |
| Nov 15, 2018 | Sold CLAW #SC18214198MR | $1,150,000 | — |
| Nov 15, 2018 | Sold SDMLS #SC18214198 | $1,150,000 | — |
| Nov 15, 2018 | Permanently Off Market CRMLS #SC18202668 | $1,150,000 | — |
| Nov 15, 2018 | Sold CRMLS #SC18214198 | $1,150,000 | — |
| Nov 15, 2018 | Permanently Off Market CLAW #SC18202668MR | — | |
| Oct 17, 2018 | Sold (Public Record) Public Record #634473731 | $1,150,000 | +1.3% / yr |
| Oct 3, 2018 | Permanently Off Market SDMLS #SC18202668 | — | |
| Oct 3, 2018 | Pending CRMLS #SC18214198 | — | |
| Oct 3, 2018 | Pending CLAW #SC18202668MR | — | |
| Oct 3, 2018 | Pending SDMLS #SC18214198 | — | |
| Oct 3, 2018 | Pending SDMLS #SC18202668 | — | |
| Oct 3, 2018 | Pending CLAW #SC18214198MR | — | |
| Oct 3, 2018 | Pending CRMLS #SC18202668 | — | |
| Sep 3, 2018 | Listed (Active) SDMLS #SC18214198 | $1,150,000 | — |
| Sep 3, 2018 | Listed (Active) CLAW #SC18214198MR | $1,150,000 | — |
| Sep 3, 2018 | Listed (Active) CRMLS #SC18214198 | $1,150,000 | — |
| Aug 22, 2018 | Listed (Active) SDMLS #SC18202668 | $1,150,000 | — |
| Aug 21, 2018 | Listed (Active) CRMLS #SC18202668 | $1,150,000 | — |
| Aug 21, 2018 | Listed (Active) CLAW #SC18202668MR | $1,150,000 | — |
| Sep 1, 2005 | Permanently Off Market NSBCMLS #101223 | $1,025,000 | — |
| Aug 15, 2005 | Sold NSBCMLS #101223 | $970,000 | — |
| Jul 23, 2005 | Sold (Public Record) Public Record #162770288 | $970,000 | — |
| Apr 28, 2005 | Listed (Active) NSBCMLS #101223 | $1,025,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/20/2026 | Price Change CRMLS #NS26056201 | $1,669,000 |
| 03/14/2026 | Listed (Active) CRMLS #NS26053910 | $1,699,000 |
| 03/01/2026 | Price Change CLAW #NS26056201MR | $1,669,000 |
| 03/01/2026 | Price Change SDMLS #NS26053910 | $1,699,000 |
| 03/01/2026 | Listed (Active) CLAW #NS26053910MR | $1,699,000 |
| 03/01/2026 | Listed (Active) SDMLS #NS26056201 | $1,669,000 |
| 11/15/2018 | Sold CLAW #SC18214198MR | $1,150,000 |
| 11/15/2018 | Sold SDMLS #SC18214198 | $1,150,000 |
| 11/15/2018 | Permanently Off Market CRMLS #SC18202668 | $1,150,000 |
| 11/15/2018 | Sold CRMLS #SC18214198 | $1,150,000 |
| 11/15/2018 | Permanently Off Market CLAW #SC18202668MR | — |
| 10/17/2018 | Sold (Public Record) Public Record #634473731 | $1,150,000 +1.3% / yr |
| 10/03/2018 | Permanently Off Market SDMLS #SC18202668 | — |
| 10/03/2018 | Pending CRMLS #SC18214198 | — |
| 10/03/2018 | Pending CLAW #SC18202668MR | — |
| 10/03/2018 | Pending SDMLS #SC18214198 | — |
| 10/03/2018 | Pending SDMLS #SC18202668 | — |
| 10/03/2018 | Pending CLAW #SC18214198MR | — |
| 10/03/2018 | Pending CRMLS #SC18202668 | — |
| 09/03/2018 | Listed (Active) SDMLS #SC18214198 | $1,150,000 |
| 09/03/2018 | Listed (Active) CLAW #SC18214198MR | $1,150,000 |
| 09/03/2018 | Listed (Active) CRMLS #SC18214198 | $1,150,000 |
| 08/22/2018 | Listed (Active) SDMLS #SC18202668 | $1,150,000 |
| 08/21/2018 | Listed (Active) CRMLS #SC18202668 | $1,150,000 |
| 08/21/2018 | Listed (Active) CLAW #SC18202668MR | $1,150,000 |
| 09/01/2005 | Permanently Off Market NSBCMLS #101223 | $1,025,000 |
| 08/15/2005 | Sold NSBCMLS #101223 | $970,000 |
| 07/23/2005 | Sold (Public Record) Public Record #162770288 | $970,000 |
| 04/28/2005 | Listed (Active) NSBCMLS #101223 | $1,025,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1187 Main Street
Schools near 1187 Main Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 6 |
Rating | School | Distance |
|---|---|---|
Del Mar Elementary School PublicK to 5 | ||
Los Osos Middle School Public6 to 8 | ||
Morro Bay High School Public9 to 12 | ||
Pacheco Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Property Pros, Lisa Sokolowski, DRE #01211718
Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.