2646 Koa Avenue, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 3 bath
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2646 Koa Avenue
Morro Bay, California 93442
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
3Baths
1,472Sq Ft
4,000Lot Size
Property Price
LIST PRICE$1,085,000
EST. MARKET VALUE
$1,080,954
SUMMARY
This 1974 Coastal View Home represents a Strong Value Opportunity, listed at $1,085,000—positioned well below the $1,080,954 Fair Market Value by approximately 0.37%. While the property maintains a Fair Condition Rating due to its vintage interior, it offers significant upside for aesthetic modernization. Featuring panoramic views of Morro Rock and a spacious front deck, the home provides a unique lifestyle foundation. Located within the San Luis Coastal Unified district near top-rated schools, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a coastal renovation project.
Estimated Market Value
$1,080,954
Based on Realkey algorithm analyzing recent comparable sales in Morro Bay.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2646 Koa Avenue Subject 3 bd · 3 ba · 1,472 sqft · $734 | $1,085,000* List Price | 3 | 3 | 1,472 | $734 | - |
A 2560 Koa Avenue Sold 3 bd · 2 ba · 1,428 sqft · $770 · 0.1 mi | $1,100,000 | 3 | 2 | 1,428 | $770 | 0.1 mi |
B 2990 Fir Sold 3 bd · 3 ba · 1,662 sqft · $575 · 0.4 mi | $955,000 | 3 | 3 | 1,662 | $575 | 0.4 mi |
C 2640 Maple Sold 3 bd · 3 ba · 1,667 sqft · $675 · 0.1 mi | $1,125,000 | 3 | 3 | 1,667 | $675 | 0.1 mi |
D 2581 Juniper Sold 3 bd · 2 ba · 1,464 sqft · $591 · 0.1 mi | $865,000 | 3 | 2 | 1,464 | $591 | 0.1 mi |
E 2631 Hemlock Sold 3 bd · 3 ba · 1,332 sqft · $685 · 0.2 mi | $912,500 | 3 | 3 | 1,332 | $685 | 0.2 mi |
F 2440 Greenwood Avenue Sold 2 bd · 2 ba · 1,694 sqft · $679 · 0.3 mi | $1,150,000 | 2 | 2 | 1,694 | $679 | 0.3 mi |
G 491 Mindoro Sold 3 bd · 2 ba · 1,611 sqft · $587 · 0.8 mi | $945,000 | 3 | 2 | 1,611 | $587 | 0.8 mi |
H 390 Nassau Sold 3 bd · 2 ba · 1,505 sqft · $581 · 0.9 mi | $875,000 | 3 | 2 | 1,505 | $581 | 0.9 mi |
I 2760 Elm Avenue Active 2 bd · 2 ba · 1,400 sqft · $596 · 0.2 mi | $835,000 List Price | 2 | 2 | 1,400 | $596 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1974, this property is a well-maintained 'time capsule' that is significantly dated. The interior features original 1970s wood paneling, vintage red tile kitchen countertops, and older flooring/drop ceilings. While the home appears functional and clean, the 50-year-old age and lack of recent renovations to the kitchen, baths, and primary systems place it in the fair category, requiring aesthetic and likely mechanical updates.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Coastal Views
The property offers breathtaking, unobstructed views of Morro Rock, the harbor entrance, and the Pacific coastline, providing significant aesthetic value and market appeal.
- Versatile Living Spaces
Featuring multiple bonus rooms and three full bathrooms, the floor plan provides excellent flexibility for a home office, guest accommodations, or additional recreation areas.
- Prime Educational Access
Situated within the San Luis Coastal Unified district, the home is conveniently located less than a mile from highly-rated elementary and high schools.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Constructed in 1974, the home may necessitate investments in modernizing systems or interior finishes to align with contemporary buyer expectations.
- Limited Outdoor Space
The 4,000-square-foot lot is relatively modest, which may be a drawback for buyers seeking expansive yard space or significant outdoor privacy.
About 2646 Koa Avenue
Stunning Morro Bay View Home, Experience coastal living at its finest in this beautifully appointed home offering 3 bedrooms, 3 bathrooms, and Multiple bonus rooms---perfect for flexible living, a home office, guest space, or additional recreation area. Designed for comfort and functionality, the home also features plenty of storage throughout, so you can stay organized with ease. Step outside to enjoy the spacious front deck, ideal for morning coffee, sunsets and entertaining, all while taking in breathtaking views of Morro Bay Rock, the Harbor mouth entrance and white water on the horizon. Whether you're looking for a full-time residence or a getaway with wow-factor views, this property delivers location, lifestyle, and opportunity in one exceptional package.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Morro Bay Unified Schools
Del Mar Elementary School
Grades K-5 • 0.4 mi
7/10
Los Osos Middle School
Grades 6-8 • 4.9 mi
7/10
Morro Bay High School
Grades 9-12 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 3.0 | 2.4 |
| Square foot | 1,472 | 1,617.875 |
| Lot Size | 4,000 | 3,978.5 |
| Price | $1.08M | $1.02M |
| Price per sq ft | $737 | $625 |
| Built year | 1974 | 1979 |
| HOA | $0 | $135 |
| Days on market | 28 | 62 |
Pricing History
Listed for Sale
Sep 27, 2026
$1,085,000
Initial Listing