
Monterey, California 93940
This property presents a High-Potential Investment Opportunity with a List Price of $825,000—positioned well below the $807,414 Fair Market Value by -2%. While the home carries a Condition Rating of 5, the expansive 9,310-square-foot lot and hillside views provide a blank canvas for significant value-add. Key infrastructure, including a newer tankless water heater and garage door, offers a functional foundation for renovation. This asset is ideal for Fix-and-Flip Investors or Contractors prepared to address deferred maintenance and maximize the property's hillside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7 Via Castanada Subject 2 bd · 2 ba · 1,232 sqft · $655 | $825,000* List Price | 2 | 2 | 1,232 | $655 | - |
A 1251 Pacific Street Sold 3 bd · 2 ba · 1,538 sqft · $625 · 0.4 mi | $961,000 | 3 | 2 | 1,538 | $625 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and mostly in original condition, this home is a classic fixer-upper requiring a full rehab. The kitchen and bathrooms feature highly outdated finishes, including vintage linoleum and carpet, and the exterior wooden deck is in poor condition needing substantial attention.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9310, living area = 1232.
Situated on a spacious 9,310-square-foot lot, the property offers a sense of seclusion and beautiful hillside views, providing significant outdoor potential rarely found at this price point in Monterey.
As a 'fixer-upper' with its original 1953 character intact, this home serves as a blank canvas for investors or buyers looking to build equity through a comprehensive custom renovation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9310, other record lot size in square feet = 8911. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1232, other record living area = 1007. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
The home's location directly above the freeway results in significant traffic noise, which may impact the sense of tranquility and require additional investment in sound-dampening dual-pane windows.
The property is in original condition with a wooden deck in poor structural shape, necessitating a substantial capital injection for repairs, safety upgrades, and modernization.
Monterey fixer-upper with hillside views and room to reimagine! Set among trees on a generous 9,310-square-foot lot, this 1953 home offers an opportunity for investors and buyers ready to renovate on the Monterey Peninsula. Much of the interior remains original, providing a starting point for updates that reflect your vision. The kitchen features classic wood cabinetry and a functional layout, while larger windows bring natural light into the living areas. Bedrooms include closet space, and flooring consists of carpet and vintage patterned linoleum. A newer tankless water heater and newer double-wide garage door are already in place. Outside, a wooden deck and access ramp connect with the hillside setting. The deck is in poor condition and requires substantial attention. The freeway is directly below the property, and traffic noise is noticeable. Convenient access to Highway 1 puts Monterey dining, shopping, beaches and other Peninsula destinations within reach. With its original character, spacious lot and renovation potential, this Monterey home invites you to explore the possibilities. Bring your contractor to evaluate the property's condition, discuss future improvements and plan your next steps. Schedule a visit to experience the setting and assess the opportunity firsthand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,232 | 1,795.679 |
| Lot Size | 9,310 | 8,154.071 |
| Price | $825.0K | $1.25M |
| Price per sq ft | $670 | $732 |
| Built year | 1953 | 1961 |
| HOA | $0 | $461 |
| Days on market | 30 | 61 |
Sep 24, 2026
$825,000
Initial Listing