625 Elena, Morro Bay, California 93442, Morro Bay, 93442 - 2 bed, 1 bath
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625 Elena
Morro Bay, California 93442
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
570Sq Ft
2,913Lot Size
Property Price
LIST PRICE$520,000
EST. MARKET VALUE
$514,819
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $520,000—positioned slightly above the $514,819 Fair Market Value. While the property requires significant capital investment due to its Fair Condition Rating and 1928 vintage, the 2,913 sqft lot offers substantial Expansion Potential for a second story. Located in the San Luis Coastal Unified School District, this asset provides a strategic foundation for Fix-and-Flip Investors or Contractors seeking to maximize value through structural renovation in a prime coastal market.
Estimated Market Value
$514,819
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 |
|---|---|---|---|---|---|---|
★ 625 Elena Subject 2 bd · 1 ba · 570 sqft · $903 | $520,000* List Price | 2 | 1 | 570 | $903 | - |
A 479 Orcas Active Under Contract 0 bd · 1 ba · 550 sqft · $1,055 · 0.9 mi | $580,000 List Price | 0 | 1 | 550 | $1,055 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1928, this 96-year-old property exceeds the 50-year threshold for a tear-down with no evidence of significant renovations. The tiny 570 sqft footprint, lack of central HVAC (portable heater visible), and dated interior suggest the structure is at the end of its functional life, with the listing itself focusing on the lot's potential for expansion and new construction.
PROSSTRENGTHS & OPPORTUNITIES
- Coastal Proximity
Situated less than a mile from the beach, this property offers an ideal location for coastal living and easy access to Morro Bay's shoreline.
- Expansion Potential
The 2,913 sqft lot and existing structure provide a significant opportunity for growth, including the potential to add a second story to maximize the site's utility.
- Highly-Rated School District
The home is located within the desirable San Luis Coastal Unified School District, with elementary and high schools conveniently located less than a mile away.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At only 570 square feet, the current interior footprint is exceptionally small, which may require immediate expansion to meet the needs of most modern buyers.
- Significant Renovation Required
Built in 1928 and explicitly noted as needing updates, the property will require a substantial capital investment to modernize its systems and finishes.
About 625 Elena
Discover the charm of coastal living in Morro Bay! This quaint 1928 2BR, 1BA, 570 sqft home is a rare find, just under a mile from the beach. While it needs updating and expansion, its large avocado tree and 2913sqft lot present a canvas for potential growth, including a second story. Located in a quiet neighborhood, it offers peaceful surroundings and an opportunity to create your dream retreat. Explore the possibilities and envision your future by the shore.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 2,913 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 • 0.4 mi
7/10
Los Osos Middle School
Grades 6-8 • 4.9 mi
7/10
Morro Bay High School
Grades 9-12 • 0.8 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 | 570 | 1,617.875 |
| Lot Size | 2,913 | 3,978.5 |
| Price | $520.0K | $1.02M |
| Price per sq ft | $912 | $625 |
| Built year | 1928 | 1979 |
| HOA | $0 | $135 |
| Days on market | 45 | 62 |
Pricing History
Listed for Sale
Sep 9, 2026
$520,000
Initial Listing