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912 Pacific Street, Morro Bay, CA 93442

$885K3bd · 2ba · 1,352 sqft
Lot 5,000 sqft•Single Family Residence•
Active
•76d on market•MLS# SC-26161704

Property Description

Discover a lucrative opportunity in the heart of Morro Bay. This well maintained "two on one" property is the ultimate investment gem, offering versatility for savvy investors, multi-generational families, or those seeking a coastal home with built-in income potential. Each unit offers its own unique benefits with private yard spaces, perfect for enjoying the coastal air. Front Unit: A charming single-level 2-bedroom, 1-bath home, complete with a fenced front deck and a private, fenced backyard for ultimate relaxation. Back Unit: A bright and welcoming 1-bedroom, 1-bath retreat (with potential for an additional 1/2 bath). This unit was built in 2003 and features an attached, spacious two-car garage. With significant infrastructure upgrades, roof, sewer lateral, retrofit windows and a history of being well-maintained, this property will truly be an asset to your portfolio or an enjoyable entree to the coastal lifestyle.

Features & Amenities

FeeBuilt 1957

Property Details

Land Type
Fee
Year Built
1957
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
None
View
Hills
City
Morro Bay
Zip Code
93442
County
San Luis Obispo
Listed byUnknown Office, Dale Kaiser

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,475.04
Principal & Interest
Loan Amount
$708,000
Total Interest
$903,015
Total Payment Over 30 Years
$1,611,015
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

912 Pacific Street, Morro Bay, CA 93442

Morro Bay · Single Family Residence

$885K
Affordable Tier
Beds
3
Baths
2
Sqft
1,352
Lot
5,000 sqft
Year
1957
$/Sqft
$655
Pool: No✓
Spa: No✓
View: Hills✓
Garage: 2-car✓

Listed 23.4% below the median closed sale of $1,155,000. Price per sqft ($655) is a 18% discount to closed comps ($801). Closed comps sold at 104% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $885K· $655/sqft
Total list price
Closed comps
vs closed median $1.16M
−$270K (−23.4%)
Active comps
vs active median $1.08M
−$200K (−18.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $724
−$69 (−9.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
941 MarinaMorro Bay1966321,2435,000$683$849,000492
2760 Elm AvenueMorro Bay1950221,4004,000$596$835,0002791
182 Luzon StreetMorro Bay1965321,4896,970$805$1.20M9490
2646 Koa AvenueMorro Bay1974331,4724,000$737$1.08M1485
1378 BerwickMorro Bay1985321,4914,000$801$1.20M3785
Total: 5 · Average2.82.21,4194,794$724.4$1.03M35.2
Median1,472$1.08M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2700 FirMorro Bay195307/15/2026321,4883,560$985,000$940,000$6320.957192
1107 Balboa StMorro Bay195108/27/2026321,1775,000$1.20M$1.30M$1,1051.082891
160 Terra StreetMorro Bay196709/28/2026321,6366,195$1.13M$1.38M$8401.222788
2620 Koa Ave.Morro Bay195305/15/2026221,5054,268$1.20M$1.16M$7670.974587
540 Kern AvenueMorro Bay193507/27/2026321,4385,000$960,000$950,000$6610.997987
Total: 5 · Average2.82.01,448.84,804.6$1.14M$1.14M$801—50
Median1,488$1.16M$1.16M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.