1203 Lincoln Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 1 bed, 1 bath
Loading property details...
Pacific Grove, California 93950
This property presents a High-Potential Investment Opportunity with a List Price of $789,000—positioned well above the $652,746 Fair Market Value by -20%. While the price reflects a premium, the 4,500 sq. ft. lot offers significant expansion potential for the 560 sq. ft. bungalow. Located in a top-tier district with Pacific Grove High School (9/10), this Fair Condition Rating asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a long-term project in a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1203 Lincoln Avenue Subject | $789,000* List Price | 1 | 1 | 560 | $1,166 | - |
A 1216 Funston Avenue Sold | $720,000 | 2 | 1 | 672 | $1,071 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this bungalow shows signs of a partial renovation likely 15-25 years ago, including oak cabinetry and tile flooring. While functional and move-in ready, the electric baseboard heating and overall age of the structure suggest a need for system updates and cosmetic modernization.
High School: Pacific Grove High School (9/10).
The generous 4,500 sq. ft. lot provides a rare opportunity to significantly expand the existing 560 sq. ft. footprint or add an ADU, maximizing the property's long-term value.
The property is located within the highly sought-after Pacific Grove school system, featuring high-performing institutions like Pacific Grove High School (9/10) and Pacific Grove Middle School (8/10).
At only 560 sq. ft. with a single bedroom, the current living area is exceptionally small for a detached residence, which may limit its appeal to a narrow buyer pool.
Built in 1947 and marketed as having 'potential,' the home likely requires significant updates or a full remodel to meet modern aesthetic and functional standards.
Full of charm and potential, this Pacific Grove bungalow is ready for its next chapter. Set in a quiet location, the one-bedroom, one-bath home sits on a generous 4,500 sq. ft. lot. Whether you plan to update, expand, or enjoy it as is, the property offers flexibility and opportunity. The spacious yard provides room for gardening, outdoor entertaining, or expanding this private retreat. Conveniently located near shopping, dining, parks, schools, and the many amenities of the Monterey Peninsula, this is an excellent opportunity to own in Pacific Grove.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 560 | 1,534 |
| Lot Size | 4,500 | 5,311 |
| Price | $789.0K | $1.45M |
| Price per sq ft | $1.4K | $1.1K |
| Built year | 1947 | 1920 |
| HOA | $0 | $0 |
| Days on market | 26 | 44 |
Jun 26, 2026
$789,000
Initial Listing
Mar 24, 2014
$353,000
Public Record
May 22, 2007
$600,000
Public Record