833 Hellam Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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833 Hellam Street
Monterey, California 93940
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,357Sq Ft
4,800Lot Size
Property Price
LIST PRICE$1,025,000
EST. MARKET VALUE
$927,511
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,025,000—positioned well above the $925,560 Fair Market Value by -10%. Featuring a Condition Rating of 5, this 1914 residence requires comprehensive rehabilitation to modernize aging systems. The large lot with ADU potential and scenic bay views provide significant upside for forced appreciation. While the local middle school rating is low, the prime Old Monterey location ensures long-term demand. This asset is ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$927,511
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 833 Hellam Street Subject | $1,025,000* List Price | 3 | 2 | 1,357 | $684 | - |
A 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.9 mi |
B 1201 Hoffman Avenue Sold | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.7 mi |
C 1694 Prescott Avenue Sold | $1,036,000 | 3 | 2 | 1,680 | $617 | 0.8 mi |
D 662 Oak Street Sold | $885,000 | 3 | 1 | 1,125 | $787 | 0.7 mi |
E 167 El Dorado Street Sold | $760,000 | 1 | 1 | 912 | $833 | 0.7 mi |
F 336 High Street Active | $920,000 List Price | 3 | 2 | 1,526 | $603 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1914, this property is over 100 years old and is explicitly marketed as a restoration project. While the kitchen and baths appear to have been updated roughly 30-40 years ago, the interior is significantly dated, and images show unfinished basement areas and aging systems that require a comprehensive rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Location
Situated in the heart of Old Monterey, the property offers exceptional walkability to downtown, Fisherman's Wharf, and the Recreation Trail, ensuring high long-term desirability and convenience.
- Significant Value-Add Potential
The property features a large lot with ADU potential and an unfinished basement, providing a rare opportunity for a visionary owner to substantially increase square footage and property value.
- Scenic Coastal Views
Perched on a sunny hillside, the home captures beautiful vistas of city lights, rolling hills, and peeks of the Monterey Bay, enhancing its aesthetic appeal and marketability.
CONSRISKS & DEFICIENCIES
- Extensive Restoration Required
As a 1914 residence in need of being 'reimagined,' the home likely requires a significant capital investment to modernize structural systems and finishes to meet contemporary standards.
- Underperforming School Ratings
The assigned middle school carries a low rating (3/10), which may be a deterrent for families prioritizing high-performing educational districts in their home search.
About 833 Hellam Street
Located in the heart of Old Monterey, this charming 1914 home presents a rare opportunity to restore and reimagine a true local classic. With solid bones and timeless character, this 3-bedroom, 1.5-bath residence is ready for a visionary owner to create a stunning showcase home. The property offers exciting potential for renovation, including the possibility of adding an ADU or finishing the basement to expand the living space. Perched on a sunny hillside, the home enjoys city lights, hillside vistas, and peeks of Monterey Bay. Inside, abundant natural light fills the spacious floor plan, while the generous kitchen provides an ideal space for entertaining family and friends. The expansive backyard offers endless possibilities for outdoor living, gardening, or creating a private retreat. Ideally located within walking distance of downtown Monterey, Fisherman's Wharf, the Recreation Trail, local restaurants, and the popular Tuesday Monterey Farmers Market, this home combines historic charm with exceptional convenience. Whether you're looking to restore its original beauty or create your dream home, this is a rare opportunity to own a piece of Monterey's rich history.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1914
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 1.0 mi
5/10
Walter Colton
Grades 6-8 • 0.9 mi
3/10
Monterey High School
Grades 9-12 • 0.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,357 | 1,869.953 |
| Lot Size | 4,800 | 7,748.977 |
| Price | $1.02M | $1.35M |
| Price per sq ft | $755 | $729 |
| Built year | 1914 | 1962 |
| HOA | $0 | $431 |
| Days on market | 47 | 50 |
Pricing History
Listed for Sale
Jul 24, 2026
$1,025,000
Initial Listing
Sold
Dec 21, 2018
$680,000
Public Record