3058 Main Street, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 2 bath
3058 Main Street
Morro Bay, California 93442
Property Price
SUMMARY
Analysis of 3058 Main Street, Morro Bay, California 93442 is currently available with a list price of $599,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Morro Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1989, the property is move-in ready and has been well-maintained with several key updates. Notable improvements include solid wood flooring, dual-paned windows, and kitchen appliances updated in 2020. Recent exterior maintenance, such as the new French drain and garage doors, along with the weather-proofed balcony, indicates the major systems are functional and well-cared for, elevating it above the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent Upgrades
The property features significant capital improvements including a weather-proofed balcony, dual-paned windows, a new French drain, and updated garage doors, ensuring reduced immediate maintenance for the buyer.
- Prime End-Unit Privacy
Positioned as a quiet end unit off Main Street, this residence offers enhanced privacy, better natural light, and less foot traffic compared to interior units within the complex.
- Modern Interior Finishes
The home boasts high-quality solid wood flooring throughout the main level and updated kitchen appliances from 2020, providing a contemporary feel that appeals to both owners and renters.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At 1,080 square feet, the living space may feel restrictive for growing families or those requiring a dedicated home office, potentially limiting the buyer pool.
- Recurring HOA Costs
The $400 monthly association fee represents a significant fixed carrying cost that impacts overall affordability and monthly debt-to-income ratios for entry-level buyers.
About 3058 Main Street
If you're looking for an entry level residence or investment property, this may be your answer. This 2BD/2BA end unit is well maintained with a number of upgrades. The balcony/deck has a weather proof surface (the balcony inspection per state law has been completed). A Bay window for the kitchen, heating system, dual paned windows, solid wood flooring throughout the upstairs main floor, a new French Drain was installed last year, and new garage doors installed 2 to 3 years ago. Electric glass top range and oven, and a microwave hood was installed in 2020. The seller will provide for a credit or provide a new dishwasher to replace the mini wine refrigerator. Quiet end unit off of Main Street.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 1,080 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400.0 / Month
Neighborhood Insights
Morro Bay Unified Schools
Del Mar Elementary School
Grades K-5 • 0.1 mi
Los Osos Middle School
Grades 6-8 • 5.4 mi
Morro Bay High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,285 | 38% |
| Lot Size | 1,080 | 1,285 | 38% |
| Price | $599.0K | $690.2K | 38% |
| Price per sq ft | $555 | $560 | 50% |
| Built year | 1989 | 1987 | 50% |
| HOA | $400.0 | $472 | 50% |
| Days on market | 21 | 186 | 13% |
Pricing History
Listed for Sale
Feb 14, 2026
$599,000
Initial Listing
Sold
Apr 23, 2014
$279,000
Public Record
Sold
May 26, 2005
$440,000
Public Record