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851 Laurel Avenue — Pacific Grove — 3 Beds • 1 Bath • 1,144 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+33 more

$1,275,000

75 DOM

$1,115/sqft3 bd1 ba1,144 sqft

Call

851 Laurel Ave Pacific Grove, CA 93950

3,600sqft lot

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!

MLS ML82033225

(831) 626-2222 (Office) 831-594-7283 (Cell) julie.davis@camoves.com

Est. payment

$8,147/mo

Principal & interestTaxesInsurance

$6,447$1,328$372

Down %

Rate %

Years

Down payment: $255,000 · Total cost: $2,575,954

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$8,147/mo

Principal & interest: $6,447
Est. property tax: $1,328
Est. insurance: $372
Down payment: $255,000

Est. gross rent$5,313/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,834/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Jan 30, 2026	$1,295,000	—

Facts & Features

Transaction Data

▼Price Reduced from $1,295,000 (−$20,000)

Structure & Property

Year Built1928

Garage Spaces1

(831) 626-2222 (Office) 831-594-7283 (Cell) julie.davis@camoves.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

851 Laurel Avenue, Pacific Grove, CA 93950

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Call

851 Laurel Ave Pacific Grove, CA 93950

About this home

Julie Vivolo Davis

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Julie Vivolo Davis

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

851 Laurel Avenue, Pacific Grove, CA 93950

About This Property

Property Photos

851 Laurel Ave Pacific Grove, CA 93950

About this home

Julie Vivolo Davis

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Julie Vivolo Davis

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.