461 Dela Vina Avenue 102, Monterey, California 93940, Monterey, 93940 - 2 bed, 1 bath
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Monterey, California 93940
This High-Potential Investment Opportunity is listed at a List Price of $590,000, positioned slightly above the $573,477 Fair Market Value. While the property requires cosmetic updates to modernize its Condition Rating of 4, the ground-floor layout, private patio, and two dedicated parking spaces provide significant utility. The inclusion of in-unit laundry and a versatile walk-in closet enhances rental appeal in this prime coastal location. This residence is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable entry into the Monterey market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 461 Dela Vina Avenue 102 Subject | $590,000* List Price | 2 | 1 | 900 | $637 | - |
A 15 Montsalas Drive Sold | $675,000 | 2 | 2 | 981 | $688 | 0.9 mi |
B 67 Montsalas Drive Sold | $699,000 | 2 | 2 | 1,116 | $626 | 0.8 mi |
C 820 Casanova Avenue 75 Sold | $485,000 | 1 | 1 | 637 | $761 | 0.5 mi |
D 43 Montsalas Drive Sold | $730,000 | 2 | 2 | 1,116 | $654 | 0.9 mi |
E 461 Dela Vina Avenue 103 Active Under Contract | $599,900 List Price | 2 | 1 | 900 | $667 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1982 (42 years old) and shows signs of being largely original. While the AI-enhanced photos show a clean and functional space, the oak cabinetry and older laundry appliances indicate the kitchen and systems are dated (>20 years). It is move-in ready but requires cosmetic and functional updates to meet modern standards.
Ideally situated minutes from the beach, recreation trails, and downtown Monterey, this property offers exceptional access to the best of the Monterey Peninsula lifestyle.
The ground-floor design features a private patio, in-unit laundry, and a versatile oversized walk-in closet that can serve as a home office, maximizing the utility of the square footage.
The inclusion of two parking spaces, including one covered spot, provides significant value and convenience in a coastal market where parking is often at a premium.
The $600 monthly HOA fee represents a substantial recurring expense that may impact overall affordability and the buyer's debt-to-income ratio.
With two bedrooms but only one full bathroom, the unit may be less competitive for families or those seeking a more modern primary suite configuration.
This ground-floor, single-level Monterey condominium offers approximately 900 square feet of comfortable living space, featuring two bedrooms and one full bathroom with a shower-over-tub. The living room opens to a private patio great for soaking in the sun. The dining area is thoughtfully positioned to enjoy the ambiance of the fireplace, making everyday meals and entertaining more enjoyable. Each bedroom offers direct outdoor access, providing a seamless connection to fresh air and natural surroundings. Laundry facilities, including a washer and dryer, are conveniently located inside the home. Huge walk-in closet makes a perfect study or office. Two parking spaces are included, one of which is covered. Ideally situated just minutes from the beach, shopping, restaurants, golf, the recreation trail, freeway access, and the Monterey Peninsula Airport, this residence offers an easygoing coastal lifestyle in the heart of Monterey. All photos have been AI enhanced. Property is currently tenant occupied. Please do not disturb the tenant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 900 | 630 |
| Lot Size | 897 | 1,076 |
| Price | $590.0K | $591.8K |
| Price per sq ft | $656 | $698 |
| Built year | 1982 | 1970 |
| HOA | $600.0 | $737 |
| Days on market | 45 | 79 |
Jun 7, 2026
$590,000
Initial Listing
Aug 2, 2002
$266,000
Public Record
Apr 14, 2000
$193,000
Public Record
Mar 1, 1995
$135,000
Public Record