306 9th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 1 bath
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306 9th Street
Pacific Grove, California 93950
ACTIVE
CONDITION: POOR
2Beds
1Baths
780Sq Ft
3,637Lot Size
Property Price
LIST PRICE$1,029,000
EST. MARKET VALUE
$989,723
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,029,000—positioned above the $989,724 Fair Market Value by 3%. While the current 780 sqft footprint and Fair Condition Rating require a comprehensive renovation, the property offers significant upside through its Bay and Water Views and available architectural plans for a 3-bedroom expansion. Located near Robert Down Elementary and Pacific Grove High School, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to maximize value in a premier coastal location.
Estimated Market Value
$989,723
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 |
|---|---|---|---|---|---|---|
★ 306 9th Street Subject | $1,029,000* List Price | 2 | 1 | 780 | $1,269 | - |
A 360 Central Avenue Sold | $1,250,000 | 2 | 1 | 959 | $1,303 | 0.2 mi |
B 215 6th Street Sold | $800,000 | 1 | 1 | 563 | $1,421 | 0.1 mi |
C 605607 2nd Street Pending | $1,050,000 List Price | 2 | 2 | 972 | $1,080 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1953, this 71-year-old cottage is explicitly marketed as a renovation project. The listing highlights the need to 'reimagine' the home and mentions available architectural drawings for an expansion, indicating that the original kitchen, bathroom, and systems are outdated and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
- Prime Coastal Location
Situated just moments from Lovers Point, the scenic Rec Trail, and downtown Pacific Grove, the property offers an unbeatable lifestyle in a highly sought-after seaside neighborhood.
- Scenic Water Views
The home boasts desirable views of the Monterey Bay and city lights from the living room, kitchen, and both yards, significantly enhancing its long-term value and aesthetic appeal.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-12-08. The sold price is $900,000.00.
- Extensive Renovation Required
The property retains its original 1953 condition and requires a comprehensive renovation, necessitating a substantial additional investment of time and capital.
- Limited Current Living Space
At only 780 square feet with a 2-bedroom, 1-bathroom layout, the current footprint is restrictive and may not meet the needs of modern buyers without completing the proposed expansion.
About 306 9th Street
306 9th Street presents a rare opportunity to reimagine a classic coastal cottage just moments from the shoreline, with water views from the living room, kitchen, and both yards. This home retains its original character and is ready for a thoughtful renovation to bring out its full potential the bones, the charm, and the views are here. Architectural drawings for a 3-bedroom, 2-bathroom expansion by a licensed local architect are available upon request, offering a path to maximize the water-view potential (subject to permitting and buyer verification). Location is everything, and this home delivers: a short distance to Lovers Point, the scenic Rec Trail along Monterey Bay, and the boutiques and restaurants of downtown Pacific Grove Whether you're an investor, a contractor, or a homeowner ready to craft your dream coastal retreat, 306 9th Street offers unmatched upside in an unbeatable setting. Opportunities like this in don't come around often for this price, with these views bring your vision and make it yours in this charming, seaside neighborhood in Pacific Grove.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 3,637 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 • 0.2 mi
9/10
Forest Grove Elementary School
Grades K-5 • 1.0 mi
6/10
Monte Vista
Grades K-5 • 2.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 1.0 | 2.0 |
| Square foot | 780 | 1,320.625 |
| Lot Size | 3,637 | 4,311 |
| Price | $1.03M | $1.44M |
| Price per sq ft | $1.3K | $1.2K |
| Built year | 1953 | 1928 |
| HOA | $0 | $0 |
| Days on market | 26 | 50 |
Pricing History
Listed for Sale
Aug 14, 2026
$1,029,000
Initial Listing
Sold
Dec 8, 2025
$900,000
Public Record