835 Pine Street, Monterey, California 93940, Monterey, 93940 - 4 bed, 3 bath
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835 Pine Street
Monterey, California 93940
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
3Baths
1,647Sq Ft
5,850Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,033,545
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned slightly above the $1,033,545 Fair Market Value. While not a discount buy, the 5,850 sqft lot and filtered bay views provide a solid foundation for value-add renovations. With a Condition Rating of 5, the home requires an extensive remodel to modernize its 1956 systems. Located near Pacific Grove High School (9/10), this asset is ideal for Value-Add Investors or Owner-Occupants seeking to customize a coastal residence.
Estimated Market Value
$1,033,545
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 |
|---|---|---|---|---|---|---|
★ 835 Pine Street Subject 4 bd · 3 ba · 1,647 sqft · $628 | $1,050,000* List Price | 4 | 3 | 1,647 | $628 | - |
A 336 High Street Sold 3 bd · 2 ba · 1,526 sqft · $577 · 0.8 mi | $880,000 | 3 | 2 | 1,526 | $577 | 0.8 mi |
B 1694 Prescott Avenue Sold 3 bd · 2 ba · 1,680 sqft · $617 · 0.4 mi | $1,036,000 | 3 | 2 | 1,680 | $617 | 0.4 mi |
C 662 Oak Street Sold 3 bd · 1 ba · 1,125 sqft · $787 · 0.2 mi | $885,000 | 3 | 1 | 1,125 | $787 | 0.2 mi |
D 748 Alice Street Sold 3 bd · 2 ba · 1,414 sqft · $698 · 0.5 mi | $987,575 | 3 | 2 | 1,414 | $698 | 0.5 mi |
E 1201 Hoffman Avenue Sold 3 bd · 2 ba · 1,250 sqft · $816 · 0.3 mi | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.3 mi |
F 901 Filmore Street Sold 3 bd · 3 ba · 1,979 sqft · $586 · 0.2 mi | $1,160,000 | 3 | 3 | 1,979 | $586 | 0.2 mi |
G 947 W Franklin Street Sold 6 bd · 5 ba · 2,063 sqft · $582 · 0.9 mi | $1,200,000 | 6 | 5 | 2,063 | $582 | 0.9 mi |
H 1021 Johnson Street Active Under Contract 4 bd · 2 ba · 1,624 sqft · $554 · 1.0 mi | $899,000 List Price | 4 | 2 | 1,624 | $554 | 1.0 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 1956, this property is nearly 70 years old and shows a highly dated kitchen with vintage tile, older appliances, and original-style flooring that likely exceed 30 years in age. The listing description explicitly suggests the home is a candidate for an 'extensive remodel' or 'reimagining,' indicating that while functional, the systems and finishes require a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Pacific Grove High School (9/10).
- Prime Coastal Location
Situated in the desirable New Monterey area, the property is just minutes from Cannery Row, the Monterey Bay Aquarium, and world-class coastal dining and shopping.
- Significant Value-Add Potential
With a generous 5,850 sqft lot and a detached two-car garage, this residence offers a solid foundation for a comprehensive remodel or expansion to maximize equity.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Built in 1956 and marketed as a project for 'reimagining,' the home likely requires a substantial capital investment to modernize its systems and interior finishes.
- Obstructed View Quality
The bay views are characterized as 'filtered,' suggesting they may be partially blocked by foliage or neighboring structures rather than offering a clear, panoramic perspective.
About 835 Pine Street
This four-bedroom, two-bath New Monterey home offers a generous lot, filtered bay views, and room to reimagine. The existing floor plan and detached two-car garage provide a solid starting point for thoughtful updating or a more extensive remodel. Just minutes from Cannery Row, the Aquarium, shopping, restaurants, and coastal attractions, the setting is hard to beat. Long held and cared for over the years, this property is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 5,850 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Forest Grove Elementary School
Grades K-5 • 1.1 mi
6/10
Monte Vista
Grades K-5 • 1.7 mi
5/10
Pacific Grove Middle School
Grades 6-8 • 0.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.4 |
| Square foot | 1,647 | 1,795.679 |
| Lot Size | 5,850 | 8,154.071 |
| Price | $1.05M | $1.25M |
| Price per sq ft | $638 | $732 |
| Built year | 1956 | 1961 |
| HOA | $0 | $461 |
| Days on market | 53 | 61 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,050,000
Initial Listing