336 High Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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Monterey, California 93940
This Coastal Value-Add Asset is listed at $1,100,000, currently positioned above its $898,928 Fair Market Value. Holding a Condition Rating of 5, this 1960s residence requires a comprehensive rehab to modernize its original finishes and aging infrastructure. However, the property’s partial bay views and exceptional walkability to downtown Monterey and Monterey High School provide a strong foundation for forced appreciation. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on the high-demand Monterey Peninsula market through a full-scale renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 336 High Street Subject | $990,000* List Price | 3 | 2 | 1,526 | $639 | - |
A 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.7 mi |
B 1201 Hoffman Avenue Sold | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.5 mi |
C 662 Oak Street Sold | $885,000 | 3 | 1 | 1,125 | $787 | 0.6 mi |
D 1694 Prescott Avenue Pending | $1,099,000 List Price | 3 | 2 | 1,680 | $654 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, this property is in original or near-original condition and requires a full rehab. The kitchen and bathrooms feature severely dated tile, cabinetry, and appliances likely over 30-40 years old. The listing description explicitly states the home is 'waiting for someone to update,' and the visible wear on the carpets and interior finishes suggests that major systems (HVAC/Electric) are likely at the end of their functional lifespan.
Situated less than a mile from downtown Monterey, this property offers exceptional walkability to premium shopping, dining, entertainment, and the beach.
The home features desirable 'peaks of the bay,' providing a scenic coastal atmosphere that significantly enhances the property's aesthetic appeal and market value.
The residence is conveniently located within a mile of elementary, middle, and high schools, with Monterey High School situated less than half a mile away.
The property is noted as needing updates to reach its full potential, suggesting that a buyer will need to budget for significant renovations and cosmetic improvements.
Built in 1960, the home may feature original systems and structural elements that do not meet modern energy efficiency standards or contemporary design preferences.
Well-constructed home just waiting for someone to update and make beautiful again. Less than a mile from downtown Monterey, this home has peaks of the bay and is in walking distance to shopping, dining, entertaining and the beach.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.5 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 | 1,526 | 1,996 | 32% |
| Lot Size | 4,800 | 6,970 | 15% |
| Price | $990.0K | $1.19M | 24% |
| Price per sq ft | $649 | $660 | 47% |
| Built year | 1960 | 1963 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 184 | 2% |
May 9, 2026
$990,000
$1,100,000
-10% Price Drop
Initial Listing
Apr 22, 2026
$1,100,000
Initial Listing