1321 Hoffman Avenue, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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1321 Hoffman Avenue
Monterey, California 93940
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,512Sq Ft
4,792Lot Size
Property Price
LIST PRICE$1,545,000
EST. MARKET VALUE
$1,505,450
SUMMARY
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $1,695,000—positioned slightly above the $1,643,184 Fair Market Value. Featuring a Mint Condition Rating with recent upgrades to all major systems, this home offers a rare legal 640 sq ft ADU for rental income or guest privacy. With spectacular ocean and bay views, a whole-house generator, and proximity to top-rated Pacific Grove High School (9/10), this property provides a sophisticated lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or Investors targeting high-demand coastal rentals.
Estimated Market Value
$1,505,450
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 |
|---|---|---|---|---|---|---|
★ 1321 Hoffman Avenue Subject 3 bd · 2 ba · 1,512 sqft · $996 | $1,545,000* List Price | 3 | 2 | 1,512 | $996 | - |
A 668 Alice Street Sold 4 bd · 3 ba · 1,500 sqft · $883 · 0.3 mi | $1,325,000 | 4 | 3 | 1,500 | $883 | 0.3 mi |
B 640 Alice Street Sold 3 bd · 2 ba · 1,294 sqft · $850 · 0.3 mi | $1,100,000 | 3 | 2 | 1,294 | $850 | 0.3 mi |
C 777 Parcel Street Sold 3 bd · 2 ba · 1,542 sqft · $778 · 0.3 mi | $1,200,000 | 3 | 2 | 1,542 | $778 | 0.3 mi |
D 721 Oak Street Sold 4 bd · 3 ba · 1,758 sqft · $768 · 0.2 mi | $1,350,000 | 4 | 3 | 1,758 | $768 | 0.2 mi |
E 701 Archer Street Sold 3 bd · 3 ba · 1,897 sqft · $896 · 0.3 mi | $1,700,000 | 3 | 3 | 1,897 | $896 | 0.3 mi |
F 2160 David Avenue Sold 3 bd · 2 ba · 1,386 sqft · $794 · 0.5 mi | $1,100,000 | 3 | 2 | 1,386 | $794 | 0.5 mi |
G 759 Filmore Street Active Under Contract 3 bd · 2 ba · 1,326 sqft · $1,018 · 0.2 mi | $1,350,000 List Price | 3 | 2 | 1,326 | $1,018 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1961, the property has undergone extensive recent renovations to all major systems, including electrical, plumbing, and insulation. The interior is in mint condition with updated bathrooms featuring modern vanities, a kitchen with stone countertops and stainless steel appliances, and high-quality hardwood floors throughout. The addition of energy-efficient windows, a whole-house generator, and EV charging readiness qualifies it for the highest rating.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 5000.
About 1321 Hoffman Avenue
PRICE IMPROVEMENT-Sellers are motivated! Come view this elegant home featuring bay views that stop you in your tracks. Experience exceptional coastal living in this well designed 3-bedroom, 2-bathroom home featuring spectacular ocean and bay views. Private & permitted 640 sqft 1B/1BA/Kitchen ADU.The main level offers a welcoming family room with wood burning fireplace, honey-toned hardwood floors, and energy efficient double-paned windows that frame the stunning scenery. Open the sliders to let in the fresh sea breeze and enjoy the ocean views from the patio. A private, legal 640 sq ft 1-bedroom/1-bath ADU is located on the lower level, complete with ocean views perfect for guests or potential rental income. Total square feet of this home is 2,152 sq ft. The home has recently undergone extensive upgrades to the windows, floors, electrical, plumbing, and insulation. It includes a manual 3-fuel whole house generator for winter power outages. The garage is wired and ready for a rapid EV charging station. Additional features include an attached two-car garage with washer/dryer, a low-maintenance yard, and a private back deck suitable for BBQs and gatherings. Located in one of Monterey's most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Forest Grove Elementary School
Grades K-5 • 1.1 mi
6/10
Monte Vista
Grades K-5 • 1.4 mi
5/10
Pacific Grove Middle School
Grades 6-8 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,512 | 1,795.679 |
| Lot Size | 4,792 | 8,154.071 |
| Price | $1.54M | $1.25M |
| Price per sq ft | $1.0K | $732 |
| Built year | 1961 | 1961 |
| HOA | $0 | $461 |
| Days on market | 53 | 61 |
Pricing History
Listed for Sale
Oct 22, 2026
$1,545,000
$1,595,000
-3% Price Drop
Initial Listing
Price Change
Sep 27, 2026
$1,595,000
$1,695,000
-6% Price Drop
Initial Listing
Price Change
Sep 1, 2026
$1,695,000
Initial Listing
Sold
Oct 27, 2023
$1,093,000
Public Record