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Residential Income - 457 Piney Way, Morro Bay, CA

$2,995,000

457 Piney Way, Morro Bay, CA

MLS# NS26203103

457 Piney Way, Morro Bay, CA 93442 - $2,995,000 · Multi-Family Home for Sale, photo 1 457 Piney Way, Morro Bay, CA 93442 - $2,995,000 · Multi-Family Home for Sale, photo 2 457 Piney Way, Morro Bay, CA 93442 - $2,995,000 · Multi-Family Home for Sale, photo 3 457 Piney Way, Morro Bay, CA 93442 - $2,995,000 · Multi-Family Home for Sale, photo 4 457 Piney Way, Morro Bay, CA 93442 - $2,995,000 · Multi-Family Home for Sale, photo 5
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Description

CONSTRUCTION COMPLETE & FULLY OCCUPIED! PRICED BELOW APPRAISED VALUE! Rare opportunity to own a newly constructed four-unit coastal property just minutes from Main Street, downtown Morro Bay, and the waterfront. This turnkey property combines modern coastal living with excellent income-producing potential. Demonstrating strong rental demand, all four residences were fully leased within just seven days of being offered for rent. The property features a two-story duplex with spacious 3BR/2.5BA residences of approximately 1,768 sq ft and 1,654 sq ft. Both offer open-concept kitchen, dining, and living areas, second-story balconies with partial coastal views, and attached two-car garages. Quality finishes include quartz countertops, Milgard dual-pane windows, soft-close cabinetry and drawers, and contemporary kitchens with clean coastal styling. Two detached 1BR/1BA ADUs, approximately 526 sq ft each, provide additional rental income. Both feature second-story balconies, with one enjoying partial ocean views from the bedroom and deck. Each of the four residences is separately addressed and metered for electricity and water and includes owned solar and an individual fire sprinkler system reporting directly to the fire department. With all four units currently tenant occupied, this completed property offers immediate rental income and a unique opportunity to own a versatile, newly built investment property in one of the Central Coast’s most desirable coastal communities.

Property details

Year built
2026
Property type
Residential Income
Lot size
6,300 sqft

Location

457 Piney Way • Morro Bay, CA 93442

More homes for sale and rent in Morro Bay, CA →

Listing Agent

Sheri D'Amico

DRE #: 01924542

Brokerage: BHGRE Haven Properties

Tim Harris

Co-Listing Agent

DRE #: 02219627

Brokerage: BHGRE Haven Properties

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CRMLS

MLS# NS26203103

Listed: 10/6/2026 4:02 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/7/2026 6:16 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: BHGRE Haven Properties

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715