504 Ocean AVE 2MONTEREY, CA 93940

Condo/Townhouse · 2 Beds · 2 Full Baths · 1,178 Sq. ft. | 0.23 Acres
$849,000 Active

504 Ocean AVE 2 Overview

Time on Site:
145 days
Visits:
1

New, new, new! Complete upscale remodel, truly turnkey. 2 beds, 2 baths. Must purchase with lease. Great investment! Has just been leased for 18 months at $4200- monthly June 20-December 2027. New condo roof in 2024, new kitchen with quartz island, new appliances, new baths, luxury vinyl flooring throughout, new water heater, air conditioner, drywall, insulation, plumbing, electrical, paint, fireplace with birch log insert, freshly sealed windows, in unit washer-dryer, lots of storage. Siding and decks scheduled for repair this summer. One block to NPS, five blocks to the beach, wharf, MPC and town. Excellent rental income. 10x10 locked storage room, 2 spaces in garage, and 2 street permits.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

504 Ocean AVE 2 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,178
  • Price/Sq.ft. $721
  • Lot 0.23 Acres

Details

General

Association/HOA

  • Association Fee: 450
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Electricity,Decks,Exterior Painting,Garbage,Landscaping / Gardening,Maintenance - Common Area,Maintenance - Exterior,Management Fee
  • Association Name: Ocean Cypress
  • Association: 1

School Information

  • School District: Monterey Peninsula Unified

Green Features

  • Green Energy Efficient: Low Flow Toilet

Building Information

  • Year Built: 1981

Location/Region

  • County Or Parish: Monterey
  • MLS Area Major: Oak Grove

General Information

  • Parcel Number: 001-842-017-000
  • Property Type: Residential
  • Zoning: Residential

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Full: 2
  • Bedrooms Total: 2

General Information

  • Cooling: None
  • Fireplace Features: Living Room
  • Fireplace: 1
  • Flooring: Vinyl / Linoleum
  • Foundation Details: Foundation Pillars
  • Heating: Central Forced Air
  • Laundry Features: Inside,Washer / Dryer
  • Living Area: 1178
  • Stories Total: 2

Unit Information

  • Unit Number: 2

Exterior

Parking Information

  • Parking Features: Assigned Spaces

Lot Information

  • Lot Features: None
  • Lot Size Acres: 0.2251
  • Lot Size Source: Other
  • Water Source: Individual Water Meter

Waterfront/View

  • View: Mountains,Neighborhood

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Wood Frame
  • Roof: Tar and Gravel

General Information

  • Fencing: None
  • Horse: No
  • Pool Private: 0
  • Sewer: Sewer - Public
  • Utilities: Public Utilities

504 Ocean AVE 2 Neighborhood

Community

93940 (Monterey) Demographics

39
Median Age
1,538
Population Density (per sq. mile)
64%
College Educated
$85,765
Estimated Median Income
5,543
Estimated Total Home Owners
8,404
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

504 Ocean AVE 2 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

504 Ocean AVE 2 Market Data

Based on the last 30 days in this zip code

$1,544,316
Average List Price
$788
Average Price per Square Foot
43
Properties Sold
97
Average Days on Market
302
Properties for Sale
Calculations provided by Reliance Network

504 Ocean AVE 2 History

Date Event Value Agent
4/19/2026Source: bridgeMLS Price Reduction
$849,000 -5.6%
4/19/2026Source: CRMLS Price Reduction
$849,000 -5.6%
4/19/2026Source: MLSListings Price Reduction
$849,000 -5.6%
2/4/2026Source: bridgeMLS Added to Database
February 04, 2026
2/4/2026Source: CRMLS Added to Database
February 04, 2026
2/4/2026Source: MLSListings Added to Database
February 04, 2026
12/12/2025Source: CRMLS Added to Database
December 12, 2025
12/3/2025Source: MLSListings Added to Database
December 03, 2025
2/11/2025Source: San Francisco MLS Added to Database
February 11, 2025
10/28/2022Source: CRMLS Added to Database
October 28, 2022
Listing provided courtesy of Sotheby's International RealtyKirsten Tarman- MLS# ML82029355MLS ProviderContact Information: (831) 624-1566