182 Luzon, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 2 bath
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Morro Bay, California 93442
This Single Family Residence represents a Strong Value Opportunity, listed at $1,298,000—positioned slightly above the $1,257,750 Fair Market Value. While the property requires cosmetic updates to the kitchen to improve its Fair Condition Rating, it offers a functional, single-level layout in the coveted Beach Tract. Features like RV parking, drought-tolerant landscaping, and peek-a-boo ocean views provide immediate lifestyle appeal. This home is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or Value-Add Investors looking to modernize a well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 182 Luzon Subject | $1,298,000* List Price | 3 | 2 | 1,489 | $845 | - |
A 165 Damar Sold | $1,228,000 | 3 | 2 | 1,560 | $787 | 0.3 mi |
B 470 Las Vegas Street Active | $999,999 List Price | 3 | 2 | 1,566 | $639 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1965 build in move-in condition with updated laminate flooring and landscaping. However, the kitchen is significantly dated with older wood cabinetry and tile countertops that appear to be over 30 years old. While functional, the home lacks the modern renovations to the kitchen and baths required for a 'Good' rating, placing it in the 'Fair' category due to its age and need for cosmetic updates.
Situated in the highly coveted Beach Tract neighborhood, the property offers a quiet, tree-lined environment within walking distance to the Pacific Ocean and local beaches.
The desirable single-story floor plan features practical amenities including indoor laundry, a fireplace, and dedicated RV parking, making it ideal for long-term accessibility.
This well-maintained home is in move-in condition with updated laminated wood floors and drought-tolerant landscaping, allowing for immediate occupancy without the need for renovations.
Despite its proximity to the coast, the property only offers 'peek-a-boo' views, which may be a drawback for buyers prioritizing expansive Pacific Ocean vistas.
Built in 1965, the home may eventually require updates to its original systems or structural components to meet modern energy efficiency and building standards.
Search the Web... And you won't find a finer home than this historic 1965 single level Beauty in a Morro Bay neighborhood you dreamed of, The Beach Tract, with quiet tree-lined and curbed streets, well-kept homes and yards. The beach lifestyle of this single level 3BR, 2 bath, 2-car garage home with fireplace, indoor laundry, laminated wood floors, drought tolerant landscaping, covered front and rear porches, RV parking situated on a 6,970 sq ft lot will relieve your stress. It's happiness for your family and pets, a move-in condition vacation or primary home at the Pacific Ocean, Life's a Beach! So why not live here at 182 Luzon? Don't be the second caller because it's priced to move fast at $1,298,000!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,489 | 1,700 |
| Lot Size | 6,970 | 4,000 |
| Price | $1.30M | $1.01M |
| Price per sq ft | $872 | $655 |
| Built year | 1965 | 1978 |
| HOA | $0 | $0 |
| Days on market | 13 | 78 |
Jul 9, 2026
$1,298,000
Initial Listing
Mar 17, 2015
$590,000
Public Record