375 Surf St

Morro Bay, CA 93442

$1,300,000
Price
4
Beds
—
Baths
2,448 Sq. Ft.
$531 / Sq. Ft.
2,448
Sq. Ft.
$531
per Sq. Ft.
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Facing the Oce

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...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.
  1. Listed by Eric Smith • DRE #01798129 • Brokerage DRE #01889165 • Anchor Real Estate • 805-618-2932

Property Details for 375 Surf Street

Parking Spaces Total
7
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2448
Assessor Parcel Number
066312010
Property Attached YN
true
LISTING UPDATED: 05/24/2026 12:51 PM

Property Details for 375 Surf Street

StatusActive
MLS #NS26098078
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.17 AC / 7,500 SF
CountySan Luis Obispo County
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Location

Listing Courtesy of Anchor Real Estate, Eric Smith, DRE #01798129
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Building Information for 375 Surf Street

Stories2Residences-Year Built1972Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

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$6,770 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,478

Property Taxes

$292

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 375 Surf Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $77,400
  • Gross Scheduled Income: $77,400
  • Net Operating Income: $50,004
  • Number Of Rented Garages: 3
  • Garage Rental Rate: $250
  • Garage Income: $9,000
Expense Details
  • Operating Expense: $27,396
  • New Taxes Expense: $16,200
  • Fuel Expense: $336
  • Electric Expense: $360
  • Insurance Expense: $2,328
  • Trash Expense: $2,412
  • Water Sewer Expense: $5,760
  • Total Expenses: $27,396
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 53
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Suburban
  • Community: North Morro Bay (820)
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 2 down 2 up
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: North Morro Bay
  • Builders Tract Code: North Morro Bay (820)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $16,800
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $18,000
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 375 Surf Street

DateEvent & SourcePriceAppreciation
May 24, 2026

Price Change

CLAW #NS26098078MR

$1,300,000—
May 24, 2026

Price Change

CRMLS #NS26098078

$1,300,000—
May 23, 2026

Price Change

SDMLS #NS26098078

$1,300,000—
DateEvent & SourcePrice
05/24/2026

Price Change

CLAW #NS26098078MR

$1,300,000
05/24/2026

Price Change

CRMLS #NS26098078

$1,300,000
05/23/2026

Price Change

SDMLS #NS26098078

$1,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 375 Surf Street

Taxable ValueLand$106,697Additions$211,285Total$317,982
Tax Record2025$3,505 ($292 / month)
Home Facts
Total Finished SqFt2,448 SqFtAbove Grade Finished SqFt2,448 SqFtLot Size7,500 SqFtStyleQuadraplexYear Built1974Zoning30CountySAN LUIS OBISPOAPN066-312-010

Schools near 375 Surf Street

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Del Mar Elementary School
Public - K to 5
Los Osos Middle School
Public - 6 to 8
Morro Bay High School
Public - 9 to 12
Pacheco Elementary School
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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More information about 375 Surf Street, Morro Bay, CA 93442

375 Surf Street is a multi-family home for sale in Morro Bay, CA 93442. This property was listed for sale on May 5, 2026 by Anchor Real Estate, it's currently listed at $1,300,000. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Del Mar Elementary School, Los Osos Middle School and Morro Bay High School. 375 Surf Street is a 4-bed, 0-bath, 2,448 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Anchor Real Estate, Eric Smith, DRE #01798129

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.