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Listed by The C Group • Real Brokerage Technologies, DRE#70010221
$2,600,000
Est. payment /mo
3 Beds
2 Baths
3,552 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,552 sqft
Price per Sqft $731
MLS Listing ID ML82065741
Bedrooms 3
Full Baths 2
Year Built 1958
Lot Size 9,100 Sqft
Property Sub-Type Five or More Units
Property Description
Exceptional investment opportunity in the highly desirable Pacific Grove market! This impressive property features five beautifully appointed 2-bedroom units, comprised of a fourplex plus a newly added ADU, offering excellent flexibility for investors or owner-occupants. Each unit features amazing finishes, private garages, and large decks, creating an attractive combination of comfort, functionality, and rental appeal. Ideally situated on Lighthouse Avenue just a short walk from Downtown Pacific Grove, the ocean, Pacific Grove Golf Course, the scenic bike path, and more, this property places tenants within easy reach of the best the area has to offer. Capitalize on strong cash-flow potential and long-term appreciation in one of the Monterey Peninsula's most desirable communities, or live in one unit while the remaining four units help carry the expense. With its prime location, versatile unit mix, quality finishes, and proximity to downtown, the coastline, recreation, and local amenities, this is a must-see opportunity in the heart of Pacific Grove.
Location
State CA
County Monterey
Area Beach Tract/Fairway Homes
Zoning R3
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Attached Garage
Garage Spaces 4.0
Utilities Available Public Utilities
Roof Type Tar and Gravel
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 006-134-014-000
Security Features Other
Special Listing Condition Not Applicable
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