The dive spot features seals, otters and many other marine species playing in the thick kelp beds. Right off of Cannery Row in the middle of town there are several great dive spots. One of them is located just of of the Mexican restaurant. A large chain restaurant that has parking attendant and stalls near the water. Last time I was there, they didn't mind divers using their lot as long as you pay.
Kelp beds start shallow and it is quite a swim to deeper water, but it is well worth it.
Wolf eels and otters are common here. Just west of the Monterey Bay aquarium, off of Ocean View Blvd. Can be found Hopkins Marine Life Refuge. In this area no game may be taken. An excellent area for photography, the area has all that makes Monterey great.