135 5th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 4 bed, 4 bath
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135 5th Street
Pacific Grove, California 93950
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,159Sq Ft
3,955Lot Size
Property Price
LIST PRICE$2,295,000
EST. MARKET VALUE
$2,192,846
4% AboveMARKET VALUE
SUMMARY
This Turnkey Craftsman is a Strong Value Opportunity, listed at $2,295,000—positioned well above the $2,167,108 Fair Market Value by -5%. Featuring a Condition Rating of 2, this home offers high-end renovations, including Quartzite countertops and an ultra-modern boiler system. Located near Top-Rated Schools like Robert Down Elementary and Pacific Grove High, it provides a premium coastal lifestyle. With its versatile layout and historic charm, this property is an ideal acquisition for discerning professionals or owner-occupants seeking a move-in ready residence.
Estimated Market Value
$2,192,846
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 |
|---|---|---|---|---|---|---|
★ 135 5th Street Subject | $2,295,000* List Price | 4 | 4 | 2,159 | $1,016 | - |
A 512 12th Street Sold | $1,620,000 | 3 | 3 | 1,950 | $831 | 0.4 mi |
B 157 15th Street Sold | $1,848,000 | 3 | 3 | 2,105 | $878 | 0.4 mi |
C 302 Park Street Sold | $1,950,000 | 4 | 3 | 1,835 | $1,063 | 0.7 mi |
D 791 Spruce Avenue Sold | $1,636,750 | 4 | 2 | 1,679 | $975 | 0.8 mi |
E 607 Congress Avenue Sold | $2,050,000 | 2 | 2 | 1,534 | $1,336 | 0.7 mi |
F 441 Pine Avenue Active | $2,250,000 List Price | 3 | 3 | 1,924 | $1,169 | 0.3 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 built in 1918, the home has undergone recent high-end renovations including brand new quartzite kitchen countertops and fully updated bathrooms. The installation of an ultra-modern boiler system for individual room climate control and the overall mint, move-in condition align with the criteria for a property renovated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
- Prime Coastal Location
Ideally situated within walking distance to downtown Pacific Grove, the beach, and the Monterey Bay Aquarium, offering an exceptional lifestyle and access to top-rated schools.
- Modernized Historic Charm
This 1918 Craftsman beautifully preserves its vintage character while featuring high-end updates like new Quartzite countertops, renovated bathrooms, and a sophisticated individual-room climate control system.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2159, other record living area = 1496.
- Market Stagnation
With 68 days on the market and two consecutive price reductions from the original $2.495M, the property is currently struggling to find its value floor in the eyes of active buyers.
- Limited Lot Size
The 3,955-square-foot lot is relatively small for a four-bedroom home, resulting in limited private outdoor space and yard area compared to other residential offerings.
About 135 5th Street
Built in 1918, this Pacific Grove Craftsman is full of charm, character, and the kind of vintage details that make a home feel truly special. Set on a 3,955-square-foot lot, there are 4 bedrooms, 4 bathrooms, and approximately 2,159 square feet of living space with a primary bedroom, with ensuite, on each floor. Natural light fills the interior, and you will absolutely love the vibe in the living room with the fireplace and peeks of the ocean. Brand new Quartzite counter tops in the kitchen and updated bathrooms finish off this home allowing you to move right in and enjoy. An ultra-modern boiler system allows individual climate control to each room. The garage space has been used as a workshop but could also be a gym or art studio. Located just a short distance from downtown Pacific Grove, the beach, the Monterey Bay Aquarium and local restaurants and shops, this is a rare opportunity to own a classic Craftsman with history, personality, and timeless appeal.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1918
- Lot Size
- 3,955 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Pacific Grove Unified Schools
Robert Down Elementary School
Grades K-5 • 0.4 mi
9/10
Forest Grove Elementary School
Grades K-5 • 1.2 mi
6/10
Monte Vista
Grades K-5 • 2.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.5 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,159 | 1,320.625 |
| Lot Size | 3,955 | 4,311 |
| Price | $2.29M | $1.44M |
| Price per sq ft | $1.1K | $1.2K |
| Built year | 1918 | 1928 |
| HOA | $0 | $0 |
| Days on market | 105 | 50 |
Pricing History
Listed for Sale
Jul 28, 2026
$2,295,000
$2,395,000
-4% Price Drop
Initial Listing
Price Change
Jul 7, 2026
$2,395,000
$2,495,000
-4% Price Drop
Initial Listing
Price Change
May 27, 2026
$2,495,000
Initial Listing
Sold
Aug 26, 2011
$560,000
Public Record