851 Laurel Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 1 bath
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Pacific Grove, California 93950
This Value-Add Historic Cottage is a strategic acquisition in Washington Park, listed at $1,275,000—closely following its $1,269,989 Fair Market Value. The 1928 structure maintains original hardwood floors and peaks of the bay, though a Condition Rating of 5 necessitates a comprehensive interior and systems modernization. Featuring a converted workshop garage and located near Top-Rated Schools like Robert Down Elementary (9/10) and Pacific Grove High (9/10), the property offers significant forced appreciation potential. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 851 Laurel Avenue Subject | $1,275,000* List Price | 3 | 1 | 1,144 | $1,110 | - |
A 306 9th Street Sold | $900,000 | 2 | 1 | 780 | $1,154 | 0.8 mi |
B 360 Central Avenue Active | $1,377,000 List Price | 2 | 1 | 959 | $1,436 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 and explicitly described as being in 'original condition,' this home has not seen significant updates in over 50 years. The kitchen and bathroom are severely dated, and while the home is charming and well-maintained, the age of the structure and systems (likely original) necessitates a full interior and systems 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 a serene lifestyle within walking distance to the beach, local dining, and boutique shopping.
This 1928 cottage retains its original charm with hardwood floors, a stone fireplace, and peaks of the bay, providing a perfect canvas for a high-value custom renovation.
Having been in the same family for 75 years and remaining in original condition, the home will likely require significant modernization and capital investment to meet contemporary standards.
The 3-bedroom, 1-bathroom configuration is a drawback for modern families and may limit the property's competitive appeal compared to updated homes in the area.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,144 | 1,340 | 29% |
| Lot Size | 3,600 | 4,500 | 37% |
| Price | $1.27M | $1.30M | 45% |
| Price per sq ft | $1.1K | $1.0K | 59% |
| Built year | 1928 | 1949 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 153 | 18% |
Mar 10, 2026
$1,275,000
Initial Listing
Jan 30, 2026
$1,295,000
Initial Listing