Morro Rock, Morro Bay, California

A House With a Story

498 Orcas Street is a one-of-a-kind coastal property in Morro Bay — panoramic ocean views, a half-mile walk to the beach, and a view of Morro Rock while cooking dinner. It's the kind of home you work your whole life to call your own!

As of late 2025, it needed work. It was abandoned, demolished, and wasting away. We saw the legacy that could be lovingly restored with enough vision and hard work. This blog follows our journey. Join us!

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Escrow process

Escrow process

Wrestling a project like this to the ground takes time.

We entered escrow with high hopes and not a small amount trepidation.

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rear window

Geography

Morro Bay is a cozy inlet in the San Luis Obispo coastal communities.

Tips For Renovation

There are a sequence of risk factors in any restoration or renovation project:

  1. Due diligence and underwriting

  2. Partnerships and capital

  3. Renovation Proper

  4. Marketing and positioning

There are certainly environmental or market conditions we can’t control:

  • Interest rates for hard money loans
  • Average expected returns from investors and capital partners
  • Availability of local top realtors
  • Expectations and demands from sellers
  • Market conditions upon completion of project

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