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Listing 6 out of 39
$1,380,000 Pending

311 Tahiti Street
Morro Bay, CA 93442

9 units | Multi Family Home
14401 sq ft lot - MLS# SC19185147
Property Photo


Extremely Rare Beachside 6 Lot Development Opportunity! Three Blocks to the Beach! Two Story Units will have Ocean Views! Currently a 9 Unit single level apartment complex generating approx. $9000/month gross exists on site and occupied (do not disturb)!!! There are 6 Lots separately conveyed on this parcel. This will NOT require a subdivsion map, per City of Morro Bay. Submit separate building applications! Each lot is approx. 2400sqft. Two lots closest to Main street are Zoned MCR which allows an 2nd Unit/ADU. The Other 4 are SFR. New Construction surrounds this property. Two Modern Homes across the street that are just getting going and an adjacent two story home. Also existing on the property not being rented is a two car garage and Covered parking for boat/RV, consider as additional income of $350-450/mth. Lot Size & Bldg Size are estimated. Excellent opportunity to change the landscape of North Morro Bay.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • Zip Code: 93442
  • Year Built: 1960
  • Subdivision/Neighborhood: North Morro Bay (820)
  • Stories: One
  • Units: 9 units
  • # of Parking Spaces: 2.00
  • Lot Size: 14401 sq ft lot
  • Area: MRBY - Morro Bay
  • Average Studio Area Units: Square Feet
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 3000.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Preserve/Public Land
  • Country: US
  • Directions: Yerba Buena to Tahiti & Vashon
  • Garage Spaces: 2.00
  • Gross Income: 108000.00
  • Gross Scheduled Income: 9000.00
  • Listing Agent License: 01836276
  • Listing Office License: 01932049
  • Lot Features: Level
  • Lot Size Area: 14400.0000
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 9000.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Special Conditions Details: Trust
  • Water Source: Public
  • Year Built Source: Estimated
Courtesy of Navigators Real Estate, Jay Chiasson

Mary Mitchell | 805-550-7168 | Email Me
1015 Nipomo Street, Suite #230 - San Luis Obispo, CA 93401
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