381 Rennell, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 1 bath
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Morro Bay, California 93442
This Turnkey Single-Family Residence is a High-Potential Investment Opportunity, listed at $849,000—positioned above the $814,320 Fair Market Value. Despite the premium, the property features a Condition Rating of 2, showcasing a high-end remodel with a Chef's Kitchen and Ocean Views. The versatile third bedroom with private access offers significant rental income potential. Located in the San Luis Coastal Unified district, this home is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle with immediate multi-use functionality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 381 Rennell Subject | $849,000* List Price | 2 | 1 | 880 | $925 | - |
A 440 Luzon Sold | $759,000 | 2 | 1 | 748 | $1,015 | 0.2 mi |
B 440 Panay Sold | $735,000 | 2 | 2 | 880 | $835 | 0.1 mi |
C 491 Luzon Sold | $690,000 | 2 | 1 | 840 | $821 | 0.2 mi |
D 350 Java Sold | $792,350 | 2 | 2 | 970 | $817 | 0.3 mi |
E 431 Java Street Active | $734,950 List Price | 2 | 2 | 750 | $980 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end remodel within the last 5 years. It features a modern chef's kitchen with quartz countertops and black stainless steel appliances, along with fully updated bathrooms featuring marble tiling and contemporary gold finishes. The interior is in mint condition with no maintenance required.
Situated just blocks from the beach in North Morro Bay, this home offers desirable ocean views and an enclosed porch to enjoy the coastal atmosphere.
The property features high-end finishes including vaulted knotty pine ceilings, a chef's kitchen with quartz countertops, and luxury marble tiling.
A versatile third bedroom with a private entrance and separate gated access provides an excellent opportunity for rental income or a professional home office.
With only 880 square feet of living space and a small 2,400 square foot lot, the property may feel restrictive for buyers seeking more interior or outdoor space.
While the description highlights three bedrooms and multiple baths, official records list only 2 beds and 1 bath, which could complicate financing or indicate unpermitted improvements.
Enjoy coastal living in this beautifully remodeled single-level home in Morro Bay, just blocks from the beach with ocean views. The updated interior features luxury finishes, vaulted knotty pine ceilings, and two skylights that fill the home with natural light. The spacious primary suite includes a marble-tiled bathroom and a private patio. A versatile third bedroom offers a newly remodeled bathroom with elegant gold finishes, a private entrance, and separate gated access-ideal for a home office, a professional workspace or even a potential rental income. The chef's kitchen features quartz countertops, black stainless steel appliances, and a five-burner gas range. An enclosed spacious front porch offers the perfect place to relax and enjoy the ocean views and coastal surroundings.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 5.9 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 1.0 | 2.0 |
| Square foot | 880 | 1,700 |
| Lot Size | 2,400 | 4,000 |
| Price | $849.0K | $1.01M |
| Price per sq ft | $965 | $655 |
| Built year | 1972 | 1978 |
| HOA | $0 | $0 |
| Days on market | 11 | 78 |
Jul 11, 2026
$849,000
Initial Listing
Jun 2, 2023
$785,000
Public Record
Feb 8, 2022
$600,000
Public Record
Jan 25, 1995
$166,000
Public Record