RedactedNarrative: Vessel began taking on water 7 NM w of Pt Estero.  After using 4 pumps and not being able to dewater the vessel, the CAPT and five people onboard abandoned ship and were picked up by the Coast Guard.  The Coast GUard expected the nearly sunken vessel to ground in a couple hours due to the water conditions.  vessel was considered a complete loss.
NameOfBodyOfWater: Morro Bay
NearestCityTown: Pt Estero