1123 Seaview Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 2 bath
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1123 Seaview Avenue
Pacific Grove, California 93950
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,865Sq Ft
8,800Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,218,539
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned above the $1,218,539 Fair Market Value. While the property requires a full rehabilitation due to its Condition Rating of 5, the expansive 8,800 sq. ft. lot provides significant upside for expansion or ADU development. The single-story floor plan and two brick fireplaces offer a solid foundation for a modern renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a prime coastal location.
Estimated Market Value
$1,218,539
Based on Realkey algorithm analyzing recent comparable sales in Pacific Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1123 Seaview Avenue Subject | $1,250,000* List Price | 2 | 2 | 1,865 | $653 | - |
A 1317 Funston Avenue Sold | $1,152,000 | 3 | 2 | 1,392 | $828 | 0.9 mi |
B 304 Stuart Avenue Active Under Contract | $1,300,000 List Price | 4 | 2 | 1,645 | $790 | 0.2 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 1953 and in mostly original condition, this property requires a full rehabilitation. The kitchen features dated cabinetry and appliances likely over 30-40 years old, the interior shows aged wood paneling and worn carpets, and the exterior deck and landscaping show significant neglect.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8800, living area = 1865.
- Expansive Lot Size
The property features an exceptional 8,800 sq. ft. lot, providing significant outdoor space and rare potential for expansion or ADU development in a desirable coastal market.
- Prime Coastal Location
Situated in a highly sought-after Pacific Grove neighborhood, the home offers excellent proximity to local beaches, top-rated schools, and downtown amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1865, other record living area = 1703.
- Significant Renovation Required
The home is in original condition and requires comprehensive updating, which will necessitate a substantial additional investment of time and capital from the buyer.
- Limited Bedroom Count
With only two bedrooms despite having over 1,800 sq. ft. of living space, the current configuration may lack appeal for larger families without a costly structural reconfiguration.
About 1123 Seaview Avenue
Bring your vision to this Pacific Grove property with an exceptional 8,800 sq. ft. lot and plenty of potential. The two-bedroom, one-and-a-half-bath home features two brick fireplaces, a large, versatile great room, and a single-story floor plan ready for updating and personalization. Long held by the same family, this property presents a wonderful opportunity to create a home that reflects your own style while taking advantage of the generous lot and great Pacific Grove location, close to shopping, schools, beaches and other local conveniences.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 8,800 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,865 | 1,320.625 |
| Lot Size | 8,800 | 4,311 |
| Price | $1.25M | $1.44M |
| Price per sq ft | $670 | $1.2K |
| Built year | 1953 | 1928 |
| HOA | $0 | $0 |
| Days on market | 15 | 50 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,250,000
Initial Listing