431 Fresno Avenue, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 3 bath
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Morro Bay, California 93442
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $975,000, positioned slightly above the $959,379 Fair Market Value. While the property requires cosmetic updates, its Fair Condition Rating is offset by a versatile floor plan featuring a downstairs bonus room with private entrance. The expansive 6,250 sqft lot, multiple viewing decks, and peek-a-boo Morro Rock views provide significant upside for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 431 Fresno Avenue Subject | $975,000* List Price | 3 | 3 | 1,740 | $551 | - |
A 594 Kings Sold | $1,100,000 | 3 | 3 | 2,059 | $534 | 0.4 mi |
B 1310 Hillcrest Sold | $1,180,000 | 3 | 3 | 2,054 | $574 | 1.0 mi |
C 987 Allesandro Sold | $950,000 | 4 | 3 | 1,724 | $551 | 0.5 mi |
D 929 Marina Pending | $950,000 List Price | 3 | 2 | 1,580 | $601 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the home is over 50 years old and retains many original features such as popcorn ceilings and dated carpeting. While the bathrooms have been recently remodeled, the rest of the interior and the unfinished garage require modern updates and minor repairs to move beyond its 'classic-era' condition.
The property features a substantial downstairs bonus room with its own private entrance, offering excellent potential for multi-generational living, a home office, or a rental unit.
Situated in a highly sought-after neighborhood, the expansive 6,250 sqft lot includes multiple viewing decks and a mature avocado tree, providing a rare outdoor oasis in a coastal setting.
While retaining its classic character, the home boasts remodeled bathrooms and a two-car garage, offering a functional and move-in-ready foundation for future cosmetic updates.
As a 1971 'classic-era' cottage, the home requires significant modern updates to the kitchen and living areas to meet contemporary luxury standards.
The property offers 'peek-a-boo' views of Morro Rock rather than full panoramic vistas, which may be a drawback for buyers prioritizing unobstructed ocean scenery.
A rare classic-era opportunity in the highly sought-after, original heart of Morro Bay. This spacious 1971 beach cottage combines authentic coastal character with incredible structural potential. The versatile floor plan features remodeled bathrooms, a two-car garage, and a substantial downstairs bonus room addition with its own private entrance. Offering a clean, live-in-ready slate for your modern updates, the property’s true crown jewel is the expansive lot, boasting multiple viewing decks, peek-a-boo Morro Rock views, and a massive mature avocado tree. If you are looking for a unique established Morro Heights location, this one-of-a-kind home is priced to sell and ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,740 | 1,700 |
| Lot Size | 6,250 | 4,000 |
| Price | $975.0K | $1.01M |
| Price per sq ft | $560 | $655 |
| Built year | 1971 | 1978 |
| HOA | $0 | $0 |
| Days on market | 22 | 78 |
Jun 30, 2026
$975,000
Initial Listing