213 Dunes St

Morro Bay, CA 93442
  • $2,290,000

    Price
  • 5

    Bed
  • 4

    Bath
  • 3,494

    SqFt
  • 0.12

    Acre

About the Listing SL836 - SL1045160,SL1753340

A distinctive opportunity for coastal living and investment, ideally situated just steps from the water and moments from Morro Bay’s vibrant Embarcadero and downtown. Captivating bay and ocean views bring the beauty and sounds of the waterfront to life, while inviting outdoor decks provide the perfect setting to relax and embrace the coastal lifestyle. Extensively renovated in 2019 and 2023, this versatile four-unit property seamlessly blends comfortable coastal living with established short-term rental accommodations and the potential for additional income. Offering approximately 2,960 square feet of finished living space, the property features a main-level, one-bedroom owner's residence with a full kitchen, living room, laundry room, storage and bathroom. Upstairs, a second one-bedroom unit offers a full kitchen, living room, bathroom, sitting room (currently being used as a 2nd bedroom) and spectacular water views. Two additional upstairs studios each feature a kitchenette-style prep area and private bathroom. Three garages provide parking for up to five vehicles. Currently, the owners occupy one unit while operating the remaining three as short-term rentals, with an emphasis on providing a quiet, high-quality guest experience. The owner's residence presents an opportunity to generate additional rental income, offering flexibility for a future owner to enjoy the property as a personal coastal retreat, an income-producing investment, or a combination of both. Originally operated as a bed and breakfast, the property is situated within the C-VS (Visitor-Serving Commercial) and R-3 (Multifamily Residential) zoning districts. Short-term rental operations are permitted under applicable zoning provisions and are exempt from the City's residential short-term rental cap and waitlist, subject to City requirements. Upon acquisition, new owners must obtain their own City of Morro Bay business license and Transient Occupancy Tax (TOT) Certificate. The property is served by a single utility account, with one meter each for water, electricity, and gas. Buyers are advised to independently verify zoning, permitted uses, licensing requirements, and all regulations governing future rental operations with the City of Morro Bay.

Listing Highlights for 213 Dunes St

Status Pending
Days on Site 16
Property Type Multi-Family
MLS ® SC26221926
Year Built 1989
Total Square Footage 3,494
Lot/Acreage 0.12

Interior Details

  • Bedrooms: 5
  • Bathrooms: 4 Full
  • Appliances: Electric Cooktop, Microwave, Refrigerator, Self Cleaning Oven, Water Heater
  • Air Cond:
  • Heating: Combination,Forced Air,Natural Gas,Wall Furnace
  • Fireplaces:
  • Floor: Carpet,Stone,Tile,Vinyl
  • Basement:
  • Other: Balcony,Ceiling Fan(s),Main Level Primary
  • Water: Public

Exterior Details

  • Lot Description: Level,Paved,Rectangular Lot,Street Level,No Land Lease
  • Garage Capacity: 5 car
  • Parking Spaces: 5
  • Roof: Composition
  • Others: Awning(s),Lighting,Rain Gutters,Building Permit,Updated/Remodeled,Vertical Siding,Wood Siding,Copper Plumbing,2+ Total Units
  • Sewer: Public Sewer
  • Parking Features: Door-Multi,Direct Access,Door-Single,Driveway,Garage,Garage Door Opener,Paved

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 066035003
  • Tax Year: N/A

Payment Calculator

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213 Dunes St Morro Bay, CA 93442

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Originating MLS: CRMLS

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