851 Laurel Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 1 bath
Loading property details...
Pacific Grove, California 93950
This 1928 cottage represents a High-Potential Investment Opportunity, listed at a List Price of $1,198,000, which aligns with the $1,198,000 Fair Market Value. While the property maintains a Condition Rating of 5, its Authentic Historic Charm and Prime Coastal Location in the Washington Park neighborhood provide a solid foundation for value-add renovations. Featuring peaks of the bay and proximity to top-rated schools like Robert Down Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through modernization.
Property is extensive renovation needed.
Built in 1928 and explicitly described as being in 'original condition,' this property has not had a major renovation in over 50 years. The kitchen and bathroom are significantly dated, and the presence of original plaster walls and older wall-mounted heating suggests that the electrical and plumbing systems likely require a full rehab to meet modern standards.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the highly desirable Washington Park neighborhood, this home offers excellent walkability to the beach, local dining, and top-rated schools like Robert Down Elementary.
This 1928 cottage retains its original character with features like hardwood floors, plaster walls, and a stone fireplace, providing a unique aesthetic appeal often sought in Pacific Grove.
The property is described as being in original condition, which likely necessitates a substantial investment in repairs and updates to meet modern living standards.
The 3-bedroom, 1-bathroom configuration may be a deterrent for modern families or buyers looking for a primary suite, potentially limiting the buyer pool.
Welcome to this 1928 charming 3-bedroom, 1-bathroom cottage located in the desirable Washington Park neighborhood of Pacific Grove. This delightful stucco home is in original condition featuring hardwood floors, peaks of the bay, plaster walls, indoor laundry room, and a cozy living room with a stone fireplace that adds character and warmth throughout. The bathroom includes a shower over tub with tile detailing. Enjoy the white picket fenced yard with a one car garage that has been converted to a workshop but can easily be converted back. This home has been in the family for 75 years and is a fantastic opportunity for those seeking a serene lifestyle. It is located within a short distance to the beach, restaurants, and shopping. Don't miss the chance to make this Pacific Grove gem your own!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,144 | 1,534 |
| Lot Size | 3,600 | 5,311 |
| Price | $1.14M | $1.45M |
| Price per sq ft | $992 | $1.1K |
| Built year | 1928 | 1920 |
| HOA | $0 | $0 |
| Days on market | 173 | 44 |
Jun 14, 2026
$1,135,000
$1,198,000
-5% Price Drop
Initial Listing
Jun 1, 2026
$1,198,000
$1,225,000
-2% Price Drop
Initial Listing
Apr 24, 2026
$1,225,000
$1,275,000
-4% Price Drop
Initial Listing
Mar 10, 2026
$1,275,000
Initial Listing
Jan 30, 2026
$1,295,000
Initial Listing