1021 Johnson Street, Monterey, California 93940, Monterey, 93940 - 4 bed, 2 bath
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1021 Johnson Street
Monterey, California 93940
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,624Sq Ft
6,400Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$923,093
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $922,889 Fair Market Value by 2%. This valuation gap offers $23,889 in Instant Equity. Featuring a Condition Rating of 5, the home requires a full interior rehab, though key systems like plumbing and roof are updated. The versatile layout, including a bonus room with a separate entrance, is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value in a prime Monterey location.
Estimated Market Value
$923,093
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1021 Johnson Street Subject | $899,000* List Price | 4 | 2 | 1,624 | $568 | - |
A 336 High Street Sold | $880,000 | 3 | 2 | 1,526 | $577 | 0.2 mi |
B 1694 Prescott Avenue Sold | $1,036,000 | 3 | 2 | 1,680 | $617 | 0.8 mi |
C 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.8 mi |
D 901 Filmore Street Sold | $1,160,000 | 3 | 3 | 1,979 | $586 | 1.0 mi |
E 835 Pine Street Active | $1,050,000 List Price | 4 | 3 | 1,647 | $638 | 1.0 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 1949 and explicitly described as a 'fixer upper' and 'project.' While the roof, windows, and plumbing have been updated, the kitchen and interior finishes are significantly dated (30+ years) and require a full rehab to be considered modern and functional.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Ideally situated within walking distance to Veterans Park, downtown Monterey, and Fisherman's Wharf, offering exceptional lifestyle convenience and high resale desirability.
- Versatile Layout Potential
The four-bedroom main level combined with a bonus room featuring a separate entrance provides excellent flexibility for multi-generational living or potential rental income.
- Key System Updates
Significant high-cost components including the roof, windows, and much of the plumbing have already been updated, providing a strong head start for a renovation project.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1734, other record living area = 1587.
- Extensive Renovation Required
Classified as a 'fixer-upper' and a 'project,' the property requires substantial capital investment and modernization to address its current condition.
- Limited Enclosed Parking
A single-car garage for a four-bedroom home may be insufficient for larger households, potentially creating a reliance on the carport or street parking.
About 1021 Johnson Street
Project - Great Monterey Location. This is a fixer upper. Has great potential featuring 4 bedrooms and 2 baths on 1 level. There is a bonus room with separate entrance on left side, below the 1st floor. There are open bean ceilings and a living room fireplace. Peaceful canyon views can be seen from the large window to the deck. There could be 1 car garage if small wall was removed. Has laundry in here as well There is also a carport. Much of the plumbing, windows and roof have been updated. Walk to Veterans Park and downtown Monterey and Fisherman's wharf. Opportunity is knocking.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 6,400 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 0.8 mi
5/10
Walter Colton
Grades 6-8 • 0.7 mi
3/10
Monterey High School
Grades 9-12 • 0.3 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,624 | 1,869.953 |
| Lot Size | 6,400 | 7,748.977 |
| Price | $899.0K | $1.35M |
| Price per sq ft | $554 | $729 |
| Built year | 1949 | 1962 |
| HOA | $0 | $431 |
| Days on market | 36 | 50 |
Pricing History
Listed for Sale
Aug 4, 2026
$899,000
Initial Listing