Under contract

Price cut: $54K (5/21)

$875,000

33 Portola Ave, Monterey, CA 93940

4beds

1,636sqft

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Single Family Residence, Residential

Built in 1940

4,000 Square Feet Lot

$867,100 Zestimate^®

$535/sqft

$-- HOA

What's special

Flexible living spaceSoaring open beamed ceilings

Is there a 4-bed single-family home in Monterey with flexible living space and dual access? 33 Portola Ave offers a unique opportunity on a 4,000 sq ft street-to-street lot in the Monterey sunbelt, featuring two distinct living areas with separate entrances, ideal for extended living, guests, or flexible use. This 1,636 sq ft home includes 4 bedrooms and 2 baths, originally built in 1940 and expanded in the 80s, with a layout designed for versatility. Soaring open beamed ceilings add volume and natural light, while the large 768 sq ft garage includes partitioned areas suited for storage, workspace, or creative uses. With driveway access from both Portola Ave and Helvic Ave, the property offers convenience and flexibility. The home is ready for your updates, creating a strong value-add opportunity in a sought-after location near Del Monte Beach, Fisherman's Warf, Downtown Monterey, and Starbucks. Bring your vision and explore the potential of this 4-bed home in Monterey.

100 days

1,904

60

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Dining room

Features: EatinKitchen, NoFormalDiningRoom

Family room

Features: SeparateFamilyRoom

Heating

Other

Cooling

None

Interior area

Total structure area: 1,636
Total interior livable area: 1,636 sqft

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Property

Parking

Total spaces: 3
Parking features: Attached, Off Street
Attached garage spaces: 2
Carport spaces: 1
Covered spaces: 3

Features

Stories: 2

Lot

Size: 4,000 Square Feet

Details

Parcel number: 013025005000
Zoning: Res
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Residential

Materials

Foundation: Other
Roof: Other

Condition

New construction: No
Year built: 1940

Utilities & green energy

Gas: IndividualGasMeters
Sewer: Public Sewer
Water: Public
Utilities for property: Water Public

Community & HOA

Location

Region: Monterey

Financial & listing details

Price per square foot: $535/sqft
Tax assessed value: $697,037
Annual tax amount: $6,170
Date on market: 4/10/2026
Listing agreement: ExclusiveRightToSell
Listing terms: FHA, CashorConventionalLoan

Estimated market value

$867,100

$824,000 - $910,000

$4,553/mo

Price history

Date	Event	Price
7/15/2026	Contingent	$875,000$535/sqft
Source: MLSListings Inc #ML82042555 Report a problem
7/2/2026	Listed for sale	$875,000$535/sqft
Source: MLSListings Inc #ML82042555 Report a problem
6/10/2026	Contingent	$875,000$535/sqft
Source: MLSListings Inc #ML82042555 Report a problem
5/21/2026	Price change	$875,000-5.8%$535/sqft
Source: MLSListings Inc #ML82042555 Report a problem
4/23/2026	Price change	$929,000-4.7%$568/sqft
Source: MLSListings Inc #ML82042555 Report a problem
4/11/2026	Listed for sale	$975,000$596/sqft
Source: MLSListings Inc #ML82042555 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,170 +2650%	$697,037 +327.3%
2024	$224 +141.8%	$163,122 +2%
2023	$93	$159,925 +2%
2022	--	$156,790 +2%
2021	$159	$153,717 +1%
2020	--	$152,142 +2%
2019	$198 -8.9%	$149,159 +2%
2018	$217 -1.1%	$146,235 +2%
2017	$220 -2.2%	$143,369 +2%
2016	$225 +11.7%	$140,559 +1.5%
2015	$201	$138,449 +2%
2014	$201	$135,738 +2.5%
2012	--	$132,476 +2%
2011	--	$129,879 +0.8%
2010	--	$128,909 -0.2%
2009	--	$129,216 +2%
2008	--	$126,683 +2%
2007	--	$124,200 +2%
2006	--	$121,766 +2%
2005	--	$119,380 +2%
2004	--	$117,040 +1.9%
2003	--	$114,896 +2%
2002	--	$112,644 +2%
2001	$121	$110,436 +2%
2000	--	$108,271

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Villa Del Monte

Getting around

64 / 100

Somewhat Walkable

35 / 100

Some Transit

74 / 100

Very Bikeable

Nearby schools

GreatSchools rating

7/10
La Mesa Elementary School
Grades: K-8Distance: 1.5 mi
8/10
Monterey High School
Grades: 9-12Distance: 1.9 mi

Schools provided by the listing agent

District: MontereyPeninsulaUnified

Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.