331 Vashon, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 1 bath
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331 Vashon
Morro Bay, California 93442
ACTIVE
CONDITION: POOR
2Beds
1Baths
878Sq Ft
2,400Lot Size
Property Price
LIST PRICE$775,000
EST. MARKET VALUE
$769,072
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $775,000—positioned slightly above the $769,073 Fair Market Value. While the home requires significant rehabilitation due to its Condition Rating of 5, the coastal location and versatile bonus room provide a solid foundation for value-add renovations. The property offers proximity to 7-rated schools like Del Mar Elementary, balancing lifestyle appeal with structural upside. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to modernize a classic North Morro Bay asset.
Estimated Market Value
$769,072
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 |
|---|---|---|---|---|---|---|
★ 331 Vashon Subject 2 bd · 1 ba · 878 sqft · $876 | $775,000* List Price | 2 | 1 | 878 | $876 | - |
A 460 Jamaica Active 2 bd · 1 ba · 748 sqft · $956 · 0.5 mi | $715,000 List Price | 2 | 1 | 748 | $956 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960, this property is over 60 years old with no noted major renovations. The interior images reveal a distinct crack along the hallway ceiling joint suggesting structural settling, and the garage features original unfinished framing with dated utility connections, indicating the home requires significant rehabilitation and updates.
PROSSTRENGTHS & OPPORTUNITIES
- Coastal Location
Situated in the desirable North Morro Bay area, the property offers excellent coastal access and a laid-back beach lifestyle, perfect for a primary residence or vacation retreat.
- Versatile Living Space
The single-level layout includes a flexible bonus room that can serve as a home office, hobby room, or guest area, maximizing the utility of the home's footprint.
- Ample Parking & Storage
Unlike many smaller coastal homes, this property features both a one-car garage with laundry hookups and a covered carport, providing significant storage and parking convenience.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With only 878 square feet of living space on a 2,400 square foot lot, the property may feel cramped for larger families or those requiring more outdoor space.
- Single Bathroom Constraint
The home features only one full bathroom, which may be a significant drawback for households with multiple occupants or when hosting guests in the bonus room.
About 331 Vashon
Welcome to this charming single-level North Morro Bay home, offering an easy, comfortable layout and a fantastic coastal location. Featuring 2 bedrooms, 1 full bathroom, and a versatile bonus room, this home is an inviting place to settle in, enjoy as a second home, or create your own beach bungalow getaway. The single-level floor plan provides convenient living with plenty of flexibility, while the bonus room offers additional space for a home office, guest area, hobby room, or whatever best fits your needs. A one-car garage with laundry adds valuable storage and everyday convenience as well as a covered car port for additional parking. Located near coastal access, you’ll be close to the natural beauty and laid-back lifestyle that make North Morro Bay such a desirable place to be. Whether you’re looking for a comfortable primary residence, a weekend retreat, or a place to enjoy the Central Coast, this home offers a wonderful opportunity to make the coastal lifestyle your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 2,400 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 • 0.7 mi
7/10
Los Osos Middle School
Grades 6-8 • 6.0 mi
7/10
Morro Bay High School
Grades 9-12 • 1.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 1.0 | 2.4 |
| Square foot | 878 | 1,617.875 |
| Lot Size | 2,400 | 3,978.5 |
| Price | $775.0K | $1.02M |
| Price per sq ft | $883 | $625 |
| Built year | 1960 | 1979 |
| HOA | $0 | $135 |
| Days on market | 30 | 62 |
Pricing History
Listed for Sale
Sep 24, 2026
$775,000
Initial Listing
Sold
Sep 11, 1996
$125,000
Public Record