Home | Monterey County | Pacific Grove | 93950 | 1157 Forest Ave
MLS: ML82037573 | Status: | Price: $2,988,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,259 | 22,440 | 1982 |
1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.
| Field | Value |
|---|---|
| MLS # | ML82037573 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 47 |
| Feature | Details |
|---|---|
| Cooling | Central Forced Air - Gas |
| Heating | Central Forced Air - Gas |
| Feature | Details |
|---|---|
| Roof | Tar/Gravel |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Common Parking Area, Off-Street Parking, Garage: 5 Car(s) |
| Elementary District | Pacific Grove Unified |
| High School District | Pacific Grove Unified |
| Sewer | Public Sewer |
| Zoning | Comm |
Monterey Peninsula Home Team
KW Coastal Estates
License #: 01036716
Phone: (831) 601-3284
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | 9 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Pacific Grove High School | public | 9-12 | 0.36 mi | 10 |
| Forest Grove Elementary School | public | K-5 | 0.49 mi | 6 |
| Pacific Grove Middle School | public | 6-8 | 0.55 mi | 9 |
| Community High (Continuation) School | public | 9-12 | 0.61 mi | N/A |
| Robert Down Elementary School | public | K-5 | 0.85 mi | 8 |
| Monterey High School | public | 9-12 | 1.32 mi | 8 |
| Monte Vista | public | K-8 | 1.35 mi | 6 |
| Pacific Grove Adult | public | UG | 1.49 mi | N/A |
| La Mesa Elementary School | public | K-8 | 3.00 mi | 7 |
| Carmel High School | public | 9-12 | 3.56 mi | 10 |
| Carmel River Elementary School | public | K-5 | 4.39 mi | 9 |
| Del Rey Woods Elementary School | public | K-6 | 4.52 mi | 7 |
| Carmel Middle School | public | 6-8 | 4.61 mi | 7 |
| Monterey Adult/Rop | public | UG | 4.67 mi | N/A |
| Seaside High School | public | 9-12 | 4.79 mi | 6 |
| Seaside Children's Center | public | UG | 4.82 mi | N/A |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 410 Pine Ave | $2,399,000 | – | – | 3,528 | Active |
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of March 06, 2026. For the most current information, please contact Monterey Peninsula Home Team, (831) 601-3284.