Enjoy ocean views, Morro Rock, and the iconic Stacks from the sunny upper deck of this versatile Morro Bay property. This recently updated home features an upstairs 1-bedroom, 1-bath residence with a kitchen and views from the living area. The separate downstairs unit offers 1 bedroom, 1 bath, its own kitchen, private entrance, and patio. The downstairs kitchen features new granite countertops and a gas stove. Recent improvements throughout include new flooring, paint, windows, ceiling fans, and heating. Separate laundry area with a full bath conveniently located nearby. A charming detached artist studio/office adds versatility, along with fabulous yard space. Ideal for extended family, multigenerational living, or investment, with the potential to live in one residence and rent the other. A unique coastal property with ocean views, conveniently located near Spencer’s, shops, and restaurants!
Property Details
Price:
$779,000
MLS #:
SC26221065
Status:
Active
Beds:
2
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
North Morro Bay 820
Neighborhood:
mrbymorrobay
Listed Date:
Oct 18, 2026
Finished Sq Ft:
907
Lot Size:
2,800 sqft / 0.06 acres (approx)
Year Built:
1949
See this Listing
Schools
School District:
San Luis Coastal Unified
Elementary School:
Del Mar
Middle School:
Los Osos
High School:
Morro Bay
Interior
Appliances
Microwave, Refrigerator, Range Hood, Gas Range, Dishwasher
Bathrooms
3 Full Bathrooms
Cooling
Ductless
Heating
Ductless, Wall Furnace
Laundry Features
Inside, Washer Included, Dryer Included
Levels
Two
Main Level Bathrooms
2
Main Level Bedrooms
1
Exterior
Architectural Style
Cottage
Common Walls
No Common Walls
Community Features
Biking, Dog Park, Park
Fencing
Good Condition
Lot Features
Level with Street, Level, Front Yard, Back Yard
Open Parking YN
1
Other Structures
Shed(s)
Parking Features
Driveway Level
Patio And Porch Features
Patio, Deck
Roof
Composition
Spa Features
None
Stories
2
View
Ocean
Waterfront Features
Across the Road from Lake/Ocean
Financial
Map
Community
- Address540 Avalon Street Morro Bay CA
- SubdivisionNorth Morro Bay (820)
- CityMorro Bay
- CountySan Luis Obispo
- Zip Code93442
Subdivisions in Morro Bay
Market Summary
Current real estate data for Single Family in Morro Bay as of Oct 19, 2026
47
Single Family Listed
86
Avg DOM
796
Avg $ / SqFt
$1,173,503
Avg List Price
Property Summary
- Located in the North Morro Bay (820) subdivision, 540 Avalon Street Morro Bay CA is a Single Family for sale in Morro Bay, CA, 93442. It is listed for $779,000 and features 2 beds, 3 baths, and has approximately 907 square feet of living space, and was originally constructed in 1949. The current price per square foot is $859. The average price per square foot for Single Family listings in Morro Bay is $796. The average listing price for Single Family in Morro Bay is $1,173,503. To schedule a showing of MLS#sc26221065 at 540 Avalon Street in Morro Bay, CA, contact your JoAnn Outland Real Estate agent at 18054415574.
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than JoAnn Outland Real Estate include the name of the listing broker. Neither the listing company nor JoAnn Outland Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 540 Avalon Street
Morro Bay, CA