
Monterey, California 93940
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $584,000—positioned above the $569,545 Fair Market Value. While priced slightly above market, the property features an Excellent Condition Rating with a modern Granite Kitchen and In-Unit Laundry, ensuring immediate rental readiness. Its strategic location near the NPS and DLI guarantees consistent demand from military professionals. With 24-hour surveillance and a Gated Pool, this asset offers a secure, low-maintenance lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready Monterey residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 820 Casanova Avenue 30 Subject | $584,000* List Price | 2 | 1 | 860 | $662 | - |
A 820 Casanova Avenue 85 Sold | $585,000 | 2 | 1 | 860 | $680 | 0.1 mi |
B 820 Casanova Avenue 75 Sold | $485,000 | 1 | 1 | 637 | $761 | 0.1 mi |
C 820 Casanova Avenue 69 Active | $535,000 List Price | 2 | 1 | 860 | $622 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure was built in 1985, the interior has been significantly updated with a modern kitchen featuring granite countertops and stainless steel appliances. The presence of wood flooring, dual-pane windows, and in-unit laundry indicates a renovation likely within the 5-15 year range, making the unit well-maintained and move-in ready.
The property is fully furnished and features a modern updated kitchen with granite countertops and stainless steel appliances, offering a move-in-ready experience ideal for investors or primary residents.
Ideally situated near the Naval Postgraduate School (NPS) and Defense Language Institute (DLI), this condo holds significant appeal for military personnel and professionals seeking proximity to major Monterey employers and the beach.
Located in the gated Cypress Park community, residents benefit from 24-hour surveillance, a gated pool, and a dedicated carport, providing a high level of safety and convenience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 860, other record living area = 609.
At approximately 841-860 sq. ft., the space is relatively small for a two-bedroom unit, and the loft-style second bedroom may lack the privacy desired by some occupants.
The unit features only one bathroom, which can be a drawback for multi-resident households or when hosting guests, potentially impacting long-term functionality.
Located in the gated Cypress Park community, this fully furnished 2-bedroom, 1-bath condo offers a bright, light-filled layout. The updated kitchen features granite countertops, stainless steel appliances, a dishwasher, reverse osmosis, and an electric stove. Both bedrooms are filled with natural light, with a loft-style second bedroom offering flexible use and generous storage. Additional highlights include wood flooring, in-unit laundry, a spacious bathroom, dual-pane windows, and a dedicated carport. Community amenities include a gated pool, community room, and 24-hour surveillance. Ideally located near shopping, parks, the beach, and just minutes to NPS and DLI.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 860 | 860 | 50% |
| Lot Size | 671 | 640 | 57% |
| Price | $584.0K | $585.0K | 48% |
| Price per sq ft | $679 | $680 | 48% |
| Built year | 1985 | 1977 | 70% |
| HOA | $445.0 | $619 | 17% |
| Days on market | 30 | 153 | 9% |
May 16, 2026
$584,000
Initial Listing
Feb 8, 2012
$200,000
Public Record