Property Details
About this Property
A rare opportunity to own a 12-unit complex located in the iconic waterfront city of Pacific Grove. This trophy property provides investors an asset with tremendous presence, character, and scale in the city's most dynamic location. Strategically located in a popular coastal town known for its vibrant tourism and strong rental market, this property is an attractive opportunity for investors seeking both immediate returns and long-term growth. Luxury coastal living with a highly walkable and accessible location close to beaches, recreation trails, everyday shopping, casual restaurants, and world class attractions Unit amenities include hardwood floors, high ceilings, and spacious floor plans. Unique architectural design, provides large windows allowing plenty of natural light, spacious closets, and efficient layouts. Attractive to long-term tenants, residents can enjoy incredible access to neighborhood amenities and transportation. Property within walking distance to the Pacific Grove Unified School District (Pacific Grove High School, Pacific Grove Middle School, Robert Down Elementary School, and Forest Grove Elementary School). Investors seeking a product and location that is irreplaceable, with value-add potential, will strongly consider this once in a lifetime investment.
MLS Listing Information
MLS #
ML81978779
MLS Source
MLSListings, Inc.
Days on Site
63
Interior Features
Kitchen
Countertop - Formica
Appliances
Cooktop - Gas, Oven - Gas
Flooring
Hardwood, Laminate, Tile, Unfinished, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Tar/Gravel
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Carport, Covered Parking, Garage: 0 Car(s)
Elementary District
Pacific Grove Unified
High School District
Pacific Grove Unified
Sewer
Public Sewer
Water
Public
Zoning
R-4
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 12 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $2,100 | $2,400 | 10 |
| 2 | – | 2 | 1/0 | $2,400 | $2,800 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
419 Forest Ave is a Residential Income in Pacific Grove, CA 93950. This 7,234 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,985,000 and was built in 1941. This address can also be written as 419 Forest Ave, Pacific Grove, CA 93950.
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This listing information is up-to-date as of September 16, 2024. For the most current information, please contact Marielena Carriglio, (831) 915-4675
