912 Pacific Street, Morro Bay, CA 93442
912 Pacific Street, Morro Bay, CA 93442
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
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Morro Bay · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 941 Marina | Morro Bay | 1966 | 3 | 2 | 1,243 | 5,000 | $683 | $849,000 | 4 | 92 |
| 2760 Elm Avenue | Morro Bay | 1950 | 2 | 2 | 1,400 | 4,000 | $596 | $835,000 | 27 | 91 |
| 182 Luzon Street | Morro Bay | 1965 | 3 | 2 | 1,489 | 6,970 | $805 | $1.20M | 94 | 90 |
| 2646 Koa Avenue | Morro Bay | 1974 | 3 | 3 | 1,472 | 4,000 | $737 | $1.08M | 14 | 85 |
| 1378 Berwick | Morro Bay | 1985 | 3 | 2 | 1,491 | 4,000 | $801 | $1.20M | 37 | 85 |
| Total: 5 · Average | 2.8 | 2.2 | 1,419 | 4,794 | $724.4 | $1.03M | 35.2 | |||
| Median | 1,472 | $1.08M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2700 Fir | Morro Bay | 1953 | 07/15/2026 | 3 | 2 | 1,488 | 3,560 | $985,000 | $940,000 | $632 | 0.95 | 71 | 92 |
| 1107 Balboa St | Morro Bay | 1951 | 08/27/2026 | 3 | 2 | 1,177 | 5,000 | $1.20M | $1.30M | $1,105 | 1.08 | 28 | 91 |
| 160 Terra Street | Morro Bay | 1967 | 09/28/2026 | 3 | 2 | 1,636 | 6,195 | $1.13M | $1.38M | $840 | 1.22 | 27 | 88 |
| 2620 Koa Ave. | Morro Bay | 1953 | 05/15/2026 | 2 | 2 | 1,505 | 4,268 | $1.20M | $1.16M | $767 | 0.97 | 45 | 87 |
| 540 Kern Avenue | Morro Bay | 1935 | 07/27/2026 | 3 | 2 | 1,438 | 5,000 | $960,000 | $950,000 | $661 | 0.99 | 79 | 87 |
| Total: 5 · Average | 2.8 | 2.0 | 1,448.8 | 4,804.6 | $1.14M | $1.14M | $801 | — | 50 | ||||
| Median | 1,488 | $1.16M | $1.16M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.