830 Parcel Street, Monterey, California 93940, Monterey, 93940 - 0 bed, 0 bath
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Monterey, California 93940
This Value-Add Quadruplex Investment is a Strong Value Opportunity listed at $1,650,000, representing a stable entry point at its $1,650,000 Fair Market Value. Currently in Fair Condition, the asset features four spacious townhouse-style units and includes approved plans for a 2-bedroom ADU to drive forced appreciation. Residents benefit from private decks and access to the top-rated Pacific Grove High School (9/10). Located minutes from Cannery Row and the DLI, the property ensures high tenant retention and consistent rental growth. This acquisition is ideal for Buy-and-Hold Investors or Owner-Occupants.
Property is moderate renovation needed.
Built in 1969, this quadruplex is well-maintained but shows clear signs of age and dated finishes. While the interior features some updates like laminate wood flooring and granite-style countertops, the kitchen cabinets are older painted units paired with basic white appliances and fluorescent box lighting. The bathrooms utilize older fiberglass surrounds, and the bedrooms contain dated carpeting. Externally, the wood shingle siding and decking show significant weathering and moss growth, consistent with a property that has had partial updates rather than a comprehensive modern renovation.
High School: Pacific Grove High School (9/10).
The property includes plans for an additional 2-bedroom accessory dwelling unit (ADU), providing a clear path for investors to increase density and rental income.
Situated in sought-after New Monterey near Cannery Row, Pacific Grove, and the DLI gate, the location is ideal for attracting high-quality, long-term tenants.
The property has been on the market for over 150 days with multiple price reductions, which may indicate initial overpricing or buyer hesitation regarding the current valuation.
Constructed in 1969, the building may require ongoing capital expenditures for major systems and structural maintenance typical of properties of this vintage.
Discover an incredible investment opportunity with this amazing 4-plex in sought-after New Monterey! Featuring plans for an additional 2-bed accessory dwelling unit, this property offers immense potential. Each unit is a spacious 2-story townhouse with tasteful upgrades, ensuring comfortable and modern living. Perfectly situated near Cannery Row, Pacific Grove, and the Taylor Street gate to the DLI, the location is ideal for attracting renters. Enjoy a fantastic rent roll with room for growth in this prime spot above the iconic Monterey Bay. Just minutes from downtown Monterey, Cannery Row, and Downtown Pacific Grove, this property combines convenience and charm in one of the most desirable areas. Don't miss out on this unique investment in a truly unbeatable location!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1969 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 5, 2026
$1,650,000
$1,695,000
-3% Price Drop
Initial Listing
Mar 9, 2026
$1,695,000
Initial Listing
Dec 1, 2025
$1,750,000
Initial Listing
Dec 3, 2021
$1,600,000
Public Record
Sep 27, 2012
$809,500
Public Record