For sale

$1,945,000

387 Ocean Ave, Monterey, CA 93940

--beds

--baths

2,300sqft

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Duplex, Residential Income

Built in 1910

-- sqft lot

$1,849,500 Zestimate^®

$846/sqft

$-- HOA

What's special

34 days

562

9

Facts & features

Interior

Heating

Central Forced Air Gas

Cooling

None

Features

Doors: None

Interior area

Total structure area: 2,300
Total interior livable area: 2,300 sqft

Property

Parking

Total spaces: 1
Parking features: Attached, Common, On Street
Garage spaces: 1
Has carport: Yes

Accessibility

Accessibility features: None

Features

Stories: 2

Lot

Size: 4,000 Square Feet

Details

Parcel number: 001834017000
Zoning: R-3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Residential Income

Materials

Foundation: Slab
Roof: Composition

Condition

Year built: 1910

Utilities & green energy

Gas: NaturalGas, PublicUtilities
Water: Public
Utilities for property: Natural Gas Available, Public Utilities, Water Public

Community & HOA

Location

Region: Monterey

Financial & listing details

Price per square foot: $846/sqft
Tax assessed value: $909,936
Annual tax amount: $10,667
Date on market: 6/16/2026
Listing agreement: ExclusiveAgency
Inclusions: None

Estimated market value

$1,849,500

$1.76M - $1.94M

$3,961/mo

Price history

Date	Event	Price
6/16/2026	Listed for sale	$1,945,000$846/sqft
Source: MLSListings Inc #ML82051226 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,667 +8.3%	$909,936 +2%
2024	$9,849 +2.6%	$892,095 +2%
2023	$9,600 +1.4%	$874,604 +2%
2022	$9,469 +1.5%	$857,456 +2%
2021	$9,332 +3.9%	$840,644 +1%
2020	$8,981 -4.8%	$832,025 +2%
2019	$9,430 +15.4%	$815,712 +13.3%
2018	$8,173 +8.1%	$719,719 +2%
2017	$7,558 +1.8%	$705,608 +2%
2016	$7,424 +3.2%	$691,773 +1.5%
2015	$7,194	$681,383

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: Oak Grove

Getting around

74 / 100

Very Walkable

40 / 100

Some Transit

77 / 100

Very Bikeable

Nearby schools

GreatSchools rating

7/10
La Mesa Elementary School
Grades: K-8Distance: 1.2 mi
8/10
Monterey High School
Grades: 9-12Distance: 1.2 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.