
Pacific Grove, California 93950
This 1910 cottage represents a High-Potential Investment Opportunity, currently listed at $1,398,000. With a Fair Market Value of $1,197,727, the property is priced above market, requiring a strategic approach to renovation to realize its full potential. Featuring a Condition Rating of 5, the home offers rare Historic Architectural Character and a Versatile Detached Garage ideal for an ADU conversion. Located near Top-Rated Schools like Robert Down Elementary, this is a compelling project for Buy-and-Hold Investors or Contractors focused on long-term value-add.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 195 Cedar Street Subject | $1,398,000* List Price | 3 | 2 | 1,229 | $975 | - |
A 922 Maple Street Sold | $1,485,000 | 2 | 2 | 1,463 | $1,015 | 0.7 mi |
B 360 Central Avenue Sold | $1,250,000 | 2 | 1 | 959 | $1,303 | 0.7 mi |
C 851 Laurel Avenue Active | $1,198,000 List Price | 3 | 1 | 1,144 | $1,047 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 and showing significant age with no evidence of modern renovations. The kitchen and bathrooms feature extremely dated cabinetry, tile, and fixtures likely exceeding 40-50 years in age. The listing description confirms the property is 'showing its age' and requires work on the exterior and landscaping, signaling a need for a comprehensive rehab of the interior and likely the aging systems.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
This 1910 cottage features rare period details including a floor-to-ceiling stone fireplace, vaulted ceilings with dark wood beams, and original arched doorways that provide authentic charm.
Ideally situated near Lover's Point beaches, local golf courses, and downtown Pacific Grove, the property also benefits from proximity to top-rated schools like Robert Down Elementary.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5837, other record lot size in square feet = 6200.
The home is showing its age with thin landscaping, a fence in need of repair, and general wear that will require immediate investment in restoration and updates.
At 1,229 square feet, the interior layout may feel restrictive for buyers seeking modern expansive living areas, especially considering the premium list price.
From the street, the stone chimney rises through the roofline with the kind of conviction that only comes from history. The house itself, a 1910 cottage painted the faded gray-white of a marine layer, is showing its age. The fence needs work. The landscaping is thin. But the bones are there, and in Pacific Grove, bones like these are worth paying attention to. Inside, the living room stops you. White plaster walls with a hand-finished texture, dark wood beams crossing a ceiling higher than the modest exterior suggests, and a floor-to-ceiling stone fireplace built from rough-cut blocks with an arched firebox at its base. The hardwood floors are worn in the way that comes from a century of actual use - not distressed on purpose, just honest. An arched doorway leads toward the bedrooms, the kind of architectural detail worth noticing. What you're buying is a 1,229 square foot, three-bedroom two bath cottage with a fenced yard, a detached two-car garage that rivals a small barn, and a living room that most renovated houses in this area would trade their quartz countertops for. The structure has something that's genuinely hard to manufacture. The rest is up to you. And there's the location - close to town, the local golf course, and the sandy beaches at Lover's Point.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,229 | 1,339 | 37% |
| Lot Size | 5,837 | 4,500 | 69% |
| Price | $1.40M | $1.42M | 50% |
| Price per sq ft | $1.1K | $1.0K | 60% |
| Built year | 1910 | 1950 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 140 | 2% |
May 30, 2026
$1,398,000
Initial Listing