
Pacific Grove, California 93950
This Spacious 2-Bedroom Condominium represents a High-Potential Investment Opportunity, listed at $1,164,000—positioned well above the $1,041,762 Fair Market Value by -11%. While the property requires updates to its original kitchen and bath fixtures, it features a Condition Rating of 4 and recent luxury vinyl plank flooring. Located in a prime, walkable Pacific Grove neighborhood near Top-Rated Schools like Robert Down Elementary and Pacific Grove High, this unit offers a private patio and inclusive HOA utilities. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused residence.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property exceeds the 20-year threshold for dated status. While it features recent cosmetic upgrades like new luxury vinyl plank flooring, the kitchen and bathrooms retain older tile countertops and fixtures consistent with original or 20+ year old styling, requiring modern updates.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated just steps from downtown Pacific Grove and a five-minute walk to the beach, this property offers an exceptional lifestyle with immediate access to dining, shopping, and coastal recreation.
This unit boasts a unique position within the building, sharing only half of one common wall, which provides a level of quiet and privacy rarely found in condominium living.
At $780 per month, the HOA dues represent a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
Constructed in 1988, the building may require more frequent maintenance or future capital assessments for common area upgrades compared to newer developments.
Experience the best of Pacific Grove from one of the area's most desirable and walkable locations! Just a 5 minute stroll to the beach and only 2 minute stroll to charming downtown Pacific Grove, This spacious 2-bedroom, 2 Bath condo puts restaurants, coffee shops, boutiques, parks, a grocery store, salons, and everyday conveniences just steps from your front door. Inside, you'll find a bright and inviting floor plan featuring new luxury vinyl plank flooring, generous living spaces, and abundant storage throughout. The thoughtfully designed layout offers two spacious bedrooms, two full bathrooms, and the convenience of an in-unit washer and dryer. Ideally situated within the building this condo enjoys an exceptional location with added privacy, sharing only half of one common wall, while the remaining walls face the exterior. The private patio is large enough for a bistro table and chairs, a perfect place to relax and enjoy the vibrant Lighthouse Avenue streetscape and downtown atmosphere. HOA COVERS WATER, SEWER, GARBAGE AND GAS.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,228 | 2,430 |
| Lot Size | 1,245 | - |
| Price | $1.16M | $1.23M |
| Price per sq ft | $948 | $656 |
| Built year | 1988 | 1986 |
| HOA | $780.0 | $800 |
| Days on market | 12 | 187 |
Jul 10, 2026
$1,164,000
Initial Listing
Feb 8, 2022
$1,005,000
Public Record