2670 Koa Avenue, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 4 bath
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Morro Bay, California 93442
This property presents a High-Potential Investment Opportunity with a List Price of $1,185,000—positioned well above the $1,003,148 Fair Market Value by -18%. While the pricing reflects a premium, the Iconic Coastal Views of Morro Rock and the Pacific Ocean provide significant long-term value. With a Condition Rating of 5, the home requires modernization to reach its full potential. Located in the San Luis Coastal Unified School District, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2670 Koa Avenue Subject | $1,185,000* List Price | 3 | 4 | 2,064 | $486 | - |
A 2556 Nutmeg Avenue Sold | $1,100,000 | 3 | 3 | 2,217 | $496 | 0.2 mi |
B 2675 Juniper Avenue Sold | $1,072,850 | 3 | 3 | 2,000 | $536 | 0.1 mi |
C 2559 Greenwood Sold | $989,000 | 3 | 3 | 2,384 | $415 | 0.2 mi |
D 2581 Juniper Sold | $865,000 | 3 | 2 | 1,464 | $591 | 0.1 mi |
E 390 Nassau Sold | $875,000 | 3 | 2 | 1,505 | $581 | 0.9 mi |
F 2990 Fir Active | $1,049,000 List Price | 3 | 3 | 1,662 | $631 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 31 years old (built 1995) with no evidence of recent renovations. Interior photos show original 1990s finishes, including white tile flooring, brass light fixtures, and vertical blinds, indicating that the kitchen and bathrooms require major updates.
The property features breathtaking panoramic views of the Pacific Ocean and Morro Rock, a premium asset that significantly enhances the home's desirability and market value.
With over 2,000 square feet of living space, four bathrooms, and two private balconies, the home offers a generous and flexible floor plan ideal for entertaining or hosting guests.
Situated minutes from the beach in the Morro del Mar subdivision, the property is located within the highly-regarded San Luis Coastal Unified School District, appealing to families and investors alike.
The 4,000-square-foot lot is relatively compact, which may restrict outdoor yard activities and limit privacy between neighboring residences.
Built in 1995, the property may require cosmetic or system updates to meet the contemporary standards and energy efficiency expectations of today's luxury buyers.
Perched above the coastline with sweeping panoramic views of the Pacific Ocean and the iconic Morro Rock, this Morro Bay retreat captures the essence of California Coastal living. The open floor plan is drenched in natural light, creating a warm, airy flow from the main living spaces to the outdoors. Enjoy two private balconies, perfect for morning coffee, watching the sunset, or simply soaking in the ocean breeze. This spacious primary bedroom offers a true sanctuary with its walk-in-closet and en-suite bathroom, providing comfort and privacy at the end of the day. Located minutes from the beach, this home offers the flexibility to be a full-time residence in coastal serenity or the ideal vacation getaway. Whether you're seeking relaxation, investment potential, or a lifestyle upgrade, this property delivers the best of Morro Bay.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 4.9 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,064 | 1,548 | 78% |
| Lot Size | 4,000 | 4,000 | 50% |
| Price | $1.19M | $950.0K | 69% |
| Price per sq ft | $574 | $645 | 31% |
| Built year | 1995 | 1975 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 188 | 7% |
May 21, 2026
$1,185,000
Initial Listing