Amazing Bay Views from this Rare Coastal Opportunity in Desirable Morro Heights. Discover a unique opportunity in the highly desirable Morro Heights neighborhood of Morro Bay. Situated on a spacious corner lot, this distinctive property features three separate living units, offering exceptional versatility for multigenerational living, extended family, guest accommodations or potential rental income. Enjoy beautiful views of the ocean, harbor, bay and iconic Morro Rock from each unit of this special coastal setting. The main residence, facing Cerrito Place, offers 3 BR, 2 BA, an inviting sunroom just off the living room, and a private deck off the primary bedroom. A large yard, new carpeting, fresh interior paint, and a two-car garage add to the home's appeal and functionality. Located above the second garage and facing Olive Street, the upper unit features 2 BR, 1-1/2 BA, with one dedicated garage and a private patio in the back outdoor space. The downstairs studio, also facing Olive Street, offers additional flexibility for guests, extended family or potential rental use. It features a patio off the living area to enjoy the coastal views and surroundings, plus a dedicated one car garage. A separate laundry room and utility room serves all three units, while additional storage provides convenient space for each residence. The corner lot setting offers room for each unit to enjoy its own outdoor area and a greater sense of privacy. Ideally located near the Morro Bay Golf Course, the Bay and Tidelands Park, this property combines a desirable coastal location with a rare multi-family layout. Whether you're seeking a property with room for extended family, a flexible living arrangement, or income-producing potential, this Morro Heights offering presents a rare opportunity to make the most of the Morro Bay lifestyle.