514 7th St Pacific Grove, CA 93950
Estimated payment $9,990/month
Highlights
- Wood Burning Stove
- Vaulted Ceiling
- Beamed Ceilings
- Robert Down Elementary School Rated A
- Traditional Architecture
- 5-minute walk to Caterpillar Park
About This Home
Rare Pacific Grove Duplex Opportunity! Ideally located just moments from vibrant downtown Pacific Grove, neighborhood cafes, coastal trails, and Lover's Point, this well-maintained duplex offers an exceptional opportunity for both investors and owner-occupants. Each unit features approximately mirrored floor plans with 2 bedrooms, 1 bathroom, a private 1-car garage, and washer/dryer hookups. One unit is currently occupied, providing immediate income, while the second unit is vacant and ready for occupancy or market-rate rental potential. The bright and inviting interiors offer vaulted ceilings, spacious living areas, and abundant natural light. Each residence enjoys its own private, sunny patio - great for outdoor dining, gardening, or relaxing in Pacific Grove's ideal coastal climate. Conveniently located near Robert Down Elementary School, neighborhood parks, shopping, dining, and the scenic Monterey Bay Coastal Trail. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the other, or secure a desirable property in one of the Monterey Peninsula's most sought-after communities, this duplex presents a compelling opportunity.
Open House Schedule
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Saturday, July 11, 202612:00 to 3:00 pm7/11/2026 12:00:00 PM +00:007/11/2026 3:00:00 PM +00:00Great Duplex on a street to street lot!Add to Calendar
Property Details
Home Type
- Multi-Family
Year Built
- 1961
Lot Details
- Fenced
- Level Lot
Parking
- 2 Car Attached Garage
- Off-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,842 Sq Ft Home
- 1-Story Property
- Beamed Ceilings
- Vaulted Ceiling
- Wood Burning Stove
- Washer and Dryer Hookup
Kitchen
- Gas Oven
- Range Hood
- Microwave
- Dishwasher
- Tile Countertops
Flooring
- Carpet
- Tile
Outdoor Features
- Balcony
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Community Details
Overview
Building Details
- 1 Leased Unit
- Gardener Expense $2,160
- Maintenance Expense $1,710
- Manager Expense $6,698
- Trash Expense $332
- Operating Expense $29,243
- Gross Income $66,980
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,101 | $1,553,322 | $624,240 | $929,082 |
| 2024 | $16,278 | $1,522,865 | $612,000 | $910,865 |
| 2023 | $3,829 | $1,493,005 | $600,000 | $893,005 |
| 2022 | $3,753 | $329,665 | $150,112 | $179,553 |
| 2021 | $3,733 | $323,202 | $147,169 | $176,033 |
| 2020 | $3,659 | $319,888 | $145,660 | $174,228 |
| 2019 | $3,546 | $313,616 | $142,804 | $170,812 |
| 2018 | $3,480 | $307,467 | $140,004 | $167,463 |
| 2017 | $3,424 | $301,439 | $137,259 | $164,180 |
| 2016 | $3,431 | $295,529 | $134,568 | $160,961 |
| 2015 | $3,376 | $291,091 | $132,547 | $158,544 |
| 2014 | $3,307 | $285,390 | $129,951 | $155,439 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2026 06/23/26 | For Sale | $1,595,000 | -- | $866 / Sq Ft |
Source: MLSListings
MLS Number: ML82052002
APN: 006-506-007
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