805 Sinex Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 1 bed, 1 bath
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Pacific Grove, California 93950
This Development-Ready Residential Asset is listed at $1,050,000, positioned near its $1,020,846 Fair Market Value due to the extreme scarcity of buildable coastal land. Currently holding a Condition Rating of 5, the 1946 structure requires a complete overhaul, yet the massive 8,300 Square Foot Level Lot provides a significant Value-Add Opportunity for expansion or a total rebuild. Located within walking distance of Pacific Grove High School (9/10) and featuring a private Patio, the property promises high terminal value upon completion. This is a strategic acquisition for Developers or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 805 Sinex Avenue Subject | $1,050,000* List Price | 1 | 1 | 875 | $1,167 | - |
A 977 Ransford Avenue Sold | $809,000 | 3 | 1 | 945 | $856 | 1.0 mi |
B 414 Sinex Avenue Sold | $792,000 | 1 | 1 | 560 | $1,414 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1946-built home is in original or severely dated condition and requires substantial rehabilitation. The kitchen features obsolete electric coil appliances and aged cabinetry, the bathroom is significantly outdated, and the interior shows worn carpeting and old fixtures throughout. The listing description explicitly positions the property as a remodel or expansion opportunity, indicating that major systems and finishes are at the end of their functional lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8300, living area = 875.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property features a generous 8,300 square foot level lot, providing a rare and significant opportunity for expansion or a complete rebuild in the highly sought-after Pacific Grove market.
At only 875 square feet with a single bedroom, the current structure is undersized for the $1.05M price point, likely requiring immediate and costly expansion to suit most buyers.
The property is positioned as a 'fixer-upper' or development play, meaning buyers must budget for significant additional capital investment to modernize the 1946 structure.
Opportunity knocks with this one bedroom, one bath, 875 square foot home sited on a large 8,300 square foot level lot. Located conveniently near schools, shopping and all the community amenities of Pacific Grove. This property offers great potential for remodel and expansion on the spacious and usable lot, just bring your imagination. Wonderful opportunity with lots of possibilities for the next owner to bring their vision and make this property their own.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 875 | 1,340 | 20% |
| Lot Size | 8,300 | 4,650 | 86% |
| Price | $1.05M | $1.30M | 24% |
| Price per sq ft | $1.2K | $1.0K | 67% |
| Built year | 1946 | 1949 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 153 | 18% |
Feb 1, 2026
$1,050,000
Initial Listing