540 Piney Way
Morro Bay, CA 93442
- 4 Beds
- 3.5 Baths
- 1,658 sqft
4 Beds
3.5 Baths
1,658 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1928
Living Area
1,658 sqft
About this House
Wonderful location for this income producing property with views of Morro Rock and walking distance to the Embarcadero, downtown restaurants, and movies. The front unit is a bright and light 2 bedroom, 1.5 bath home with a laundry room, nook off kitchen for pantry or extra storage, and a sunny deck off one of the bedrooms. The middle unit has 2 small bedrooms, 1 bathroom, a full kitchen with a stacking washer/dryer, and a private fenced yard off the living room. The 3rd unit is a studio with bathroom and kitchen. All units are in good condition with fresh paint, appliances included, many new dual pane windows, and move in ready. The oversized 7200 sq ft lot has lots of room for gardening and areas to enjoy.
540 Piney Way, Morro Bay, CA 93442 is a 4 bedroom, 4 bathroom, 1,658 sqft multi-family built in 1928. It last sold for $710,000 on Nov 23, 2017. More recently, it was listed as a rental in December 2017 with an asking price of $2,250 per month. That rental listing was removed on March 24, 2021. It is currently off market. The Trulia Estimate rent is $2,251/month.
Home Details for 540 Piney Way
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Heating & Cooling Heating: Wall, GasHeating Fuel: Wall |
Levels, Entrance, & Accessibility Stories: 1Floors: Tile, Carpet, Laminate, Linoleum Vinyl |
Interior Details Additional StorageNumber of Rooms: 13Types of Rooms: Dining Room, Laundry Room, WorkshopStorageCeiling Fan |
Appliances & Utilities Cable ReadyDryerRefrigeratorWasher |
Windows, Doors, Floors & Walls Double Paned Windows |
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Exterior Home Features Roof: CompositionDeckExterior: Wood, Wood Products, CompositionGarden |
Parking & Garage Parking Spaces: 4Parking: Off Street |
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Year Built Year Built: 1928Year Updated: 2017 |
Property Type / Style Property Type: Multi FamilyArchitecture: Craftsman |
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Units in Building: 3 |
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Lot Area: 7200 sqft |
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RV Parking Rv Parking |
Price History for 540 Piney Way
| Date | Price | Event | Source |
|---|---|---|---|
| 03/24/2021 | ListingRemoved | N/A | |
| 12/11/2017 | $2,250 | ListingRemoved | N/A |
| 12/06/2017 | $2,250 | Listed For Rent | N/A |
| 11/23/2017 | $710,000 | Sold | N/A |
| 10/10/2017 | $720,000 | Pending | Agent Provided |
| 09/28/2017 | $720,000 | PriceChange | Agent Provided |
| 08/23/2017 | $745,000 | Pending | Agent Provided |
| 06/23/2017 | $745,000 | PriceChange | Agent Provided |
| 05/24/2017 | $780,000 | PendingToActive | Agent Provided |
| 04/20/2017 | $780,000 | Pending | Agent Provided |
| 04/05/2017 | $780,000 | Listed For Sale | Agent Provided |
Market trends in Morro Bay
Last updated June 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
—
Available listings
40
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $8,904 |
| Assessment | $807,854 |
Home facts updated by county records
Comparable Sales for 540 Piney Way
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
2.36 | Multi-Family Home | $882,000 | 06/22/26 | 3 | 3 | 1,458 | |
1.59 | Multi-Family Home | $1,825,000 | 08/05/25 | 8 | - | 5,700 | |
2.27 | Multi-Family Home | $225,000 | 11/10/25 | 7 | 11 | 4,150 | |
2.05 | Multi-Family Home | $2,485,000 | 01/05/26 | 8 | 6 | 4,844 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 540 Piney Way.
What Locals Say about Morro Bay
At least 68 Trulia users voted on each feature.
95 % Say it's dog friendly
87 % Say people would walk alone at night
81 % Say yards are well-kept
81 % Say parking is easy
76 % Say it's walkable to restaurants
76 % Say car is needed
73 % Say there's holiday spirit
67 % Say it's walkable to grocery stores
64 % Say it's quiet
54 % Say they plan to stay for at least 5 years
54 % Say neighbors are friendly
52 % Say kids play outside
50 % Say there's wildlife
32 % Say there are sidewalks
27 % Say streets are well-lit
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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