301 7th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 0 bed, 0 bath
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Pacific Grove, California 93950
This Coastal Duplex with ADU Potential is a strategic asset listed at $1,295,000, representing a stable investment at its $1,175,700 Fair Market Value. Currently holding a Condition Rating of 4, the property offers clear paths to forced appreciation through interior modernization and potential garage-to-ADU conversion. Residents benefit from Partial Ocean Views, Wrap-Around Decks, and access to Top-Tier Schools like the 9/10 rated Robert Down Elementary and Pacific Grove High. Located in downtown Pacific Grove, this versatile property is perfectly suited for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking long-term coastal equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 301 7th Street Subject | $1,295,000* List Price | 0 | 0 | 1,680 | $700 | - |
A 609 Congress Avenue Sold | $1,285,000 | 0 | 0 | 2,004 | $641 | 0.6 mi |
B 136 2nd Street Pending | $1,349,000 List Price | 0 | 0 | 1,609 | $838 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1963 and shows signs of a renovation that is likely 20-25 years old. The kitchen features dated oak-style cabinetry and older white electric coil appliances, while the bathroom contains basic, aging fixtures. Additionally, the presence of a wall heater indicates an older HVAC system. While functional and well-maintained, the units are aesthetically dated and require modernization.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the heart of downtown Pacific Grove, this property offers rare ocean views from both units and immediate access to the shoreline, coastal trails, and local amenities.
The duplex configuration provides a flexible opportunity for owner-occupants to generate rental income or for investors to capitalize on ADU development potential via the private garages.
With a total of 1,680 square feet split between two units, the individual 2-bedroom layouts are relatively small, which may limit appeal for tenants or owners seeking more spacious interiors.
Built in 1963, the property may require ongoing maintenance or capital improvements to modernize original systems and structural elements to meet contemporary efficiency standards.
Rare coastal duplex offering elevated living in the heart of downtown Pacific Grove, just moments from the shoreline, scenic coastal trails, and beloved local amenities. Both residences showcase breathtaking ocean views and refined 2-bedroom, 1-bath layouts thoughtfully designed to capture light, views, and seamless indoor-outdoor living. Expansive wrap-around decks create an exceptional setting for sunset entertaining and enjoying the ocean air. Each unit is complemented by a private garage, presenting potential for an Accessory Dwelling Unit development . Ideal for discerning investors or owner-occupants seeking a sophisticated coastal asset - live in one residence while enjoying income from the other. A truly versatile and timeless opportunity in one of Pacific Grove's most desirable oceanside locations.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.0 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 | 1,680 | 2,004 | 33% |
| Lot Size | 3,600 | 3,600 | 50% |
| Price | $1.29M | $1.29M | 50% |
| Price per sq ft | $771 | $641 | 67% |
| Built year | 1963 | 1959 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 134 | 33% |
Feb 16, 2026
$1,295,000
Initial Listing