- 2 Beds
- 1 Bath
- 808 Sqft
- .15 Acres
1188 Allesandro St
Prime Investment Opportunity in Coastal Morro Bay! Located just steps from the scenic Morro Bay State Park and minutes from the iconic Morro Rock Beach, this rare offering presents a versatile development opportunity in one of California’s most desirable coastal towns. Situated on a semi-private lot nestled between just two adjoining parcels, this property offers a sense of privacy while maintaining easy access to key local amenities. Currently featuring a tear-down structure, the site is primed and ready for redevelopment—with all utilities already connected, saving time and cost on initial groundwork. Zoned for medium density use, this lot allows for a range of residential development possibilities, whether you’re looking to build your dream coastal getaway, a multi-unit investment property, or a modern single-family residence with additional units for income potential. Adjacent to a second available lot (sold separately), buyers have the option to expand their footprint and take full advantage of the area’s flexible zoning to create a larger-scale project or a more spacious estate. Together, the combined parcels open the door to creative configurations and increased building potential—perfect for developers, investors, or visionaries seeking a unique slice of the Central Coast. The location is a standout—bordering the peaceful greenery of the State Park while remaining just a short drive from downtown Morro Bay’s shops, restaurants, and waterfront activities. With easy access to Highway 1, commuting to San Luis Obispo, Cambria, or other neighboring beach towns is a breeze. Whether you’re a seasoned investor or a first-time builder looking for a special place to create something extraordinary, this property offers unmatched potential in a prime location. Don’t miss this chance to secure a piece of coastal California with flexibility, privacy, and strong future returns. Please note: Property is being sold for land value only. Adjacent lot available under separate listing. ***DANGER! DO NOT ATTEMPT TO ENTER ANY STRUCTURES DUE TO VERY HAZARDOUS CONDITIONS**
Essential Information
- MLS® #SN25106626
- Price$534,000
- Bedrooms2
- Bathrooms1.00
- Full Baths1
- Square Footage808
- Acres0.15
- Year Built1947
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive
Community Information
- Address1188 Allesandro St
- AreaMRBY - Morro Bay
- SubdivisionMorro Bay Vista
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
Amenities
- UtilitiesOverhead Utilities
- ViewNeighborhood
- PoolNone
Interior
- CoolingNone
- FireplacesNone
- # of Stories1
- StoriesOne
Exterior
- RoofNone
Lot Description
ZeroToOneUnitAcre, Back Yard, Corners Marked, Front Yard, Level, Near Park, Rectangular Lot, Value In Land, Walkstreet, Yard, Tear Down
School Information
- DistrictSan Luis Coastal Unified
- ElementaryDel Mar
- MiddleLos Osos
- HighMorro Bay
Additional Information
- Date ListedMay 13th, 2025
- Days on Market91
- Zoning60
Listing Details
- AgentApril Noessel
- OfficeGold Group Realty
Price Change History for 1188 Allesandro St, Morro Bay, (MLS® #SN25106626)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $537,000 to $534,000 | ||
| Price Reduced from $540,000 to $537,000 | ||
| Price Reduced from $543,000 to $540,000 | ||
| Price Reduced from $546,000 to $543,000 | ||
| Price Reduced from $549,000 to $546,000 |
April Noessel, Gold Group Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2025 at 4:15am 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.