1099 David Avenue, Monterey, California 93940, Monterey, 93940 - 2 bed, 1 bath
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Monterey, California 93940
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $824,208 Fair Market Value by 3%. This valuation gap offers $25,208 in Instant Equity. Featuring a Condition Rating of 4, the home offers significant expansion potential via the oversized garage and corner lot. Located near top-rated schools like Pacific Grove High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1099 David Avenue Subject | $799,000* List Price | 2 | 1 | 636 | $1,296 | - |
A 515 Dickman Avenue Active | $929,000 List Price | 2 | 1 | 619 | $1,501 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942, this home is functional but dated. The kitchen has undergone a partial renovation (likely 15-20 years ago) with white cabinetry and laminate counters, but the living areas show significant wear including stained carpeting. While it features a brand new fireplace heater, the overall age and small footprint require cosmetic and system updates to meet modern standards.
High School: Pacific Grove High School (9/10).
The oversized one-car garage and corner lot positioning provide a unique opportunity to expand the current footprint or build upward, offering substantial value-add potential for investors or growing families.
Situated in a desirable Monterey neighborhood, the property benefits from proximity to top-tier schools, including Pacific Grove High and Middle School, which are both rated highly for academic excellence.
At just 636 square feet, the interior living area is exceptionally small for a two-bedroom residence, which may feel restrictive for buyers accustomed to more traditional room scales.
With a list price of $799,000 for a very small footprint, the property commands a premium price per square foot, placing it at a higher valuation tier relative to its current habitable size.
This 2 bedroom 1 bath home sits on a corner lot. The beautifully landscaped yard features a maintained Cypress tree. The oversized one car garage has room for staircase or to expand the house into the garage or above the garage. Lots of possibilities to expand the current sqft or a great downsize house. Brand new fireplace heater in the living room.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 636 | 1,988 | 3% |
| Lot Size | 3,300 | 6,922.5 | 7% |
| Price | $799.0K | $1.19M | 7% |
| Price per sq ft | $1.3K | $664 | 97% |
| Built year | 1942 | 1963 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 177 | 2% |
Jun 2, 2026
$799,000
Initial Listing