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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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998 Balboa Street, Morro Bay – $1,069,000

  • 3 Beds
  • 2 Baths
  • 896 Sqft
  • .22 Acres
  • 3 Beds
  • 2 Baths
  • 896 Sqft
  • .22 Acres

998 Balboa Street

Endless Possibilities in Morro Heights! This expansive corner lot offers exceptional versatility with two separate homes on a spacious 9,400 sq. ft. lot. The primary residence features 2 bedrooms and 1 bathroom, while the secondary unit is a 1 bedroom, 1 bathroom—perfect for rental income, extended family, or a private guest retreat. Located in desirable Morro Heights, you're just blocks away from Morro Bay's historic downtown, charming shops, restaurants, and the stunning Morro Bay State Park. Whether you're looking to build your dream home with a detached rental unit, renovate and maximize rental income, or explore adding a third unit (buyer to verify with the City of Morro Bay),this property offers a rare opportunity in a neighborhood evolving toward the future.

Essential Information

  • MLS® #SC25108161
  • Price$1,069,000
  • Bedrooms3
  • Bathrooms2.00
  • Full Baths2
  • Square Footage896
  • Acres0.22
  • Year Built1949
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive Under Contract

Community Information

  • Address998 Balboa Street
  • AreaMRBY - Morro Bay
  • SubdivisionMorro Heights (810)
  • CityMorro Bay
  • CountySan Luis Obispo
  • Zip Code93442

Amenities

  • Parking Spaces2
  • # of Garages2
  • ViewHills, Ocean
  • PoolNone

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities

Parking

Door-Multi, Driveway, Garage Faces Front, Garage, RV Access/Parking, One Space

Garages

Door-Multi, Driveway, Garage Faces Front, Garage, RV Access/Parking, One Space

Interior

  • InteriorCarpet, Laminate
  • CoolingNone
  • FireplacesNone
  • # of Stories1
  • StoriesOne

Interior Features

All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Laminate Counters

Appliances

Electric Range, Gas Range, Gas Water Heater, Water Heater

Exterior

  • RoofComposition, Rolled/Hot Mop
  • FoundationRaised

Lot Description

Back Yard, Corner Lot, Front Yard, Gentle Sloping, Near Park, Sprinklers None

School Information

  • DistrictSan Luis Coastal Unified

Additional Information

  • Date ListedMay 16th, 2025
  • Days on Market89
  • ZoningR1

Listing Details

  • AgentStanley Craig
  • OfficeBHGRE HAVEN PROPERTIES
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Price Change History for 998 Balboa Street, Morro Bay, (MLS® #SC25108161)

Date Details Change
Status Changed from Active to Active Under Contract

Stanley Craig, BHGRE HAVEN PROPERTIES.

Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2025 at 8:56am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.