206 Cypress Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 6 bed, 2 bath
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Pacific Grove, California 93950
Analysis of 206 Cypress Avenue, Pacific Grove, California 93950 is currently available with a list price of $1,599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pacific Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1935, this duplex shows signs of age typical for its era, though it has been maintained with some cosmetic updates like LVP flooring in the lower unit. The 3-bedroom to 1-bathroom ratio is outdated for modern standards, and the lack of mention regarding full kitchen or bathroom remodels suggests these areas likely feature older fixtures and appliances. The extended 292 days on market and significant price reduction further indicate that the property may require additional modernization to meet current buyer expectations.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the heart of downtown Pacific Grove just moments from Lovers Point Beach, this property offers an exceptional lifestyle and high desirability for both owners and tenants.
This spacious duplex features two 3-bedroom units, providing a rare opportunity for a live-in rental, multi-generational living, or a high-yield investment in a premium market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3000, other record lot size in square feet = 2900. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3000, other record living area = 2858. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3000, living area = 3000.
Each three-bedroom unit contains only one bathroom, which may be a significant drawback for modern families or high-end renters seeking more convenience.
Located in the heart of downtown Pacific Grove, 206 Cypress Avenue offers a rare opportunity to own a spacious duplex just moments from Lovers Point Beach. Each unit features 3 bedrooms, 1 bathroom, and 1,500 sq ft of light-filled living space. The lower unit showcases updated LVP flooring, high ceilings, and a classic Bay Area apartment feel, with a generous dining area and French doors opening to a private deck. Upper unit has the same layout as the bottom unit and includes peeks of ocean views(See Floor Plan in Photos). Both units have their own one-car garage and share a bright, welcoming ambiance. Whether you're looking for a good investment or a live-in rental opportunity, this centrally located duplex delivers both allure and versatility.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 3,000 | 1,346 | 94% |
| Lot Size | 3,000 | 4,575 | 21% |
| Price | $1.60M | $1.31M | 65% |
| Price per sq ft | $533 | $1.0K | 2% |
| Built year | 1935 | 1950 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 328 | 158 | 96% |
Mar 10, 2026
$1,599,000
Initial Listing
May 29, 2025
$1,800,000
Initial Listing
Apr 22, 1994
$31,000
Public Record