160 Monterey Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 0 bed, 0 bath
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Pacific Grove, California 93950
This Historic Multi-Family Conversion is listed at $1,750,000—positioned below the $1,784,882 Fair Market Value by 1%. This valuation gap provides $34,882 in Instant Equity. Featuring Ocean and Bay Views and a Condition Rating of 4, this 1926 church conversion offers unique vaulted ceilings near Top-Rated Schools like Robert Down Elementary and Pacific Grove High. With a proven rental history and a prime location near Lovers Point, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 160 Monterey Avenue Subject | $1,750,000* List Price | 0 | 0 | 3,321 | $537 | - |
A 206 Cypress Avenue Sold | $1,500,000 | 0 | 0 | 3,000 | $500 | 0.5 mi |
B 609 Congress Avenue Sold | $1,285,000 | 0 | 0 | 2,004 | $641 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1926 church conversion retains unique historic charm and vaulted ceilings, but the interior condition is dated. The kitchens feature older white appliances and basic cabinetry, while the bathrooms utilize vintage fixtures and pedestal sinks that lack modern updates. While the property appears well-maintained for its age and is functional as a multi-family rental, the flooring, light fixtures, and overall finishes show signs of being 20-30 years old, fitting the criteria for a property that is aged but functional with no recent major renovations.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the heart of Pacific Grove, the property is steps from Lovers Point Beach, downtown, and the Monterey Bay Aquarium, ensuring high tenant demand and exceptional lifestyle appeal.
Originally a church, this historic conversion features dramatic vaulted cathedral ceilings and storybook charm, offering a one-of-a-kind aesthetic that distinguishes it from standard multi-family units.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7200.
Built in 1926, the historic nature of this converted structure may require ongoing maintenance or costly updates to aging systems to meet modern building standards.
The primary three-bedroom owner's unit features only one bathroom, which may be a significant drawback for larger families or high-end renters expecting more modern conveniences.
Nestled in the heart of Pacific Grove, a unique multi-family offering awaits, that blends history, character, and location. Close to downtown, Lovers Point Beach, the scenic recreation trail, and the world-renowned Monterey Bay Aquarium, this 4-unit property offers a rare opportunity for investors and homeowners alike. Originally a church, this building has been converted over time to the structure that stands currently. The upstairs loft and owners unit boast soaring vaulted cathedral ceilings, creating a dramatic and light-filled space is unmatched. As the largest unit, with a private entrance on 11th Street, it features 3 bedrooms, and 1 bath. The remaining three units include a mix of 2 bedroom and 1 bedroom options. With a strong rental history spanning over three decades, this property is not just a piece of historyits a proven investment. Situated on a street-to-street lot, it offers both accessibility and versatility, so whether youre drawn to its storybook charm, prime location, or income potential, the property offers endless possibilities.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,321 | 3,000 | 67% |
| Lot Size | 7,405 | 5,200 | 67% |
| Price | $1.75M | $1.50M | 67% |
| Price per sq ft | $527 | $527 | 50% |
| Built year | 1926 | 1935 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 134 | 33% |
Mar 13, 2026
$1,750,000
$1,900,000
-8% Price Drop
Initial Listing
Feb 12, 2026
$1,900,000
Initial Listing
May 16, 2018
$1,640,000
Public Record